27-10-05

Wire Card AG adds new member to Management Board; new shares admitted for trading

Berlin, Munich/Grasbrunn, October 27, 2005 – Wire Card AG, listed on the Prime Standard of the Frankfurt Stock Exchange, one of the leading European providers of payment systems, risk management and communications services, announced today that the Supervisory Board has appointed Mr. Rüdiger Trautmann (48) as a member of the Management Board for a period of three years, effective as of November 1, 2005. Mr. Trautmann will be responsible for Sales and Marketing (COO).

Dr. Markus Braun, CEO of Wire Card states: "We are delighted to have gained Mr. Trautmann for Wire Card who is an acknowledged expert in our industry. We consider this an important signal not only to our customers and partners, but also for our shareholders."

Mr. Trautmann will contribute his extensive skills in the IT industry in the field of sales and marketing of Internet-based payment systems. His career began as System Engineer and Project Head with IBM Deutschland GmbH. In 1994, he was appointed to the Executive Board of Deutsche Telekom as Regional Sales Director, and he was among those responsible for preparing Deutsche Telekom for deregulation of the telecommunications market. In 1997, while Executive Vice President of the Multimedia Division, he launched his customer loyalty initiatives via Internet-based applications for Deutsche Telekom. From the year 2000 to 2005, Rüdiger Trautmann was Managing Director of Pago eTransaction Services GmbH in Cologne.

Furthermore, Wire Card is glad to announce that all shares derived from the capital increases performed in recent months, amounting to a total of 52,618,738 shares, were admitted for trading on the Frankfurt Stock Exchange (Prime Standard) upon approval of the prospectus by the German Federal Financial Supervisory Authority of October 21, 2005 and the official listing notice from the Frankfurt Stock Exchange dated October 26, 2005. All shares will be admitted for trading as of October 28, 2005.

Of these shares, a total of 41,633,992 are subject to a lock-up commitment for a period of 6 months beginning October 28, 2005.

The Company's registered share capital amounts to EUR 62,102,685.

About Wire Card AG:

Wire Card AG is one of the leading European providers of payment systems, risk management and communications services. The Company provides customers with a wide range of payment options (credit card, direct debit, transfer, invoice, cash in advance, debit cards) along with CLICK2PAY as an alternative Internet payment system. The software platform is being used by more than 2,000 companies across the globe.

Press Release