New supervisory board at update

... New supervisory board at update …
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Vienna, Frankfurt, August 06, 2003 +++ update software AG, Europe’s leading vendor of software solutions for Customer Relationship Management (CRM) and listed on the Frankfurt Stock Exchange is to announce the result of the elections for the company’s supervisory board at today’s ordinary shareholders’ meeting.
The supervisory board now comprises Mr Gilbert Hödl, Mr Frank Hurtmanns and Mr Hans Strack-Zimmermann. The mandates for the supervisory board are valid until the shareholders’ meeting with the resolution on the discharge for the business year 2005.
The constituent supervisory board meeting followed the shareholders’ meeting and Mr Frank Hurtmanns was elected Chief of the Supervisory Board. Dr Hans Bodingbauer was not available to be reelected due to personal reasons.
For further information please contact: Monika Fiala, CFO & Investor Relations, update software AG, A-1040 Vienna, Tel: +43 (01) 878 55 - 502, Fax: +43 (01) 878 55 - 505, e-mail: investor.relations@update.com.
IR Contact:
Jochen Zemroser
update software AG
Operngasse 17-21
A-1040 Vienna
Tel: +43 1 878 55 512
Fax: +43 1 878 55 505
Jochen.Zemroser@update.com  
www.update.com
This is a translation from German into English.