Disclaimer



INVESTOR RELATIONS SECTION


The following pages contain in some cases predictions regarding future performance which are based on assumptions and estimates made by the management of InterCard AG Informationssysteme.

Although the management is of the opinion that these assumptions and estimates are correct, future development and future results may in fact diverge considerably from these assumptions and estimates for a number of reasons. These factors may include, for example, a change in the economic situation, exchange rates and interest rates as well as changes within the field of business in which our company operates. InterCard AG Informationssysteme can give no guarantee and accepts no liability as to whether the future development and the results actually achieved in future will match the assumptions and estimates made on the following pages.

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