update software AG: new major shareholder announces ownership position

Ad-hoc release according to §15 WpHG
Further issues/official Declaration

update software AG: new major shareholder announces ownership position
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Vienna, Frankfurt, 01 February 2007 +++ update software AG, a leading European CRM (Customer Relationship Management) solutions provider listed on the Frankfurt stock exchange, has announced a new major shareholder. As the Norwegian CRM software vendor SuperOffice ASA disclosed in a press release today, the company now holds 8.2% of the shares in update software AG. update is pleased to welcome another major shareholder, in addition to the existing major shareholders Arno Huber (8.2%) and Qino Asset Management & Advisory AG (>10%). update regards SuperOffice ASA’s participation as a positive move, since this shareholder is a company familiar with the CRM software industry.
IR contact:
Jochen Zemroser
update software AG
Operngasse 17-21
A-1040 Vienna, Austria
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.