Press announcement 3M

PRAGUE, Feb 11 (PROTEXT) - 3M Announces Intention to Acquire Quante ST. PAUL, MINN., AND NEUSS, GERMANY - 1 February 2000 - 3M and owners of the privately-held, ordinary, common voting stock of Quante have reached an agreement whereby 3M will acquire 100 percent of the voting stock of Quante. Quante is a leading supplier to the telecommunications equipment market. 3M also intends to make a subsequent offer to purchase the remaining preferred, non-voting shares of Quante for 15.00 Euros per share, which shares are publicly traded in Germany, on the Berlin, Dusseldorf, Frankfurt a. Main, Hamburg and Stuttgart stock exchanges. The transaction would require normal approvals and could be completed by 1 June 2000. Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. APROTEXT