Germany-Service, AFX establish German- language

business news service Frankfurt/Hamburg (PROTEXT) - German Press-Agency DeutschePresse- Agentur GmbH (Hamburg, Germany), AFX News Ltd (London)and Teledata Boersen-Informations GmbH (Frankfurt) announced aGerman language business and finance news agency to be calleddpa-AFX Wirtschaftsnachrichten GmbH based in Frankfurt. Following approval of the boards of AFX News and Teledata,dpa's supervisory board approved the joint venture Tuesday, theannouncement said. dpa will hold 50 per cent in dpa-AFX Wirtschaftsnachrichten,while AFX News will hold a 30 per cent stake and Teledata 20 percent. The new company is based in Frankfurt, offering tailor-madenews products for professional and private investors. dpa-AFX is already the market leader in German-languagebusiness news on the Internet. At the same time dpa-AFX aims toachieve a leading position in the German-language news market forprofessional investors and advisors, offering competitively-priced quality products. The three partners in the new venture include: -- Deutsche Presse-Agentur (www.dpa.de), the largest Germannews agency. dpa employs more than 500 staff journalists in 60bureaus in Germany and more than 80 foreign locations. dpa hasrecently expanded its business and financial coverage, andcooperation with dpa-AFX should further strengthen its positionin the media market. -- AFX News (www.afxnews.com) - a joint venture of AgenceFrance- Presse (AFP) and the Financial Times Group - is one ofthe major international business and finance news agencies with180 reporters in about 40 countries. -- Teledata (www.teledata.de), a young and fast growingprovider of stock exchange information and information systems,is the market leader in Germany for stock exchange information onthe Internet. The company's products enable the user to linknews, share prices, charts and analytical tools. Teledata'seditorial team will become part of the joint venture. AFX and Teledata already produce the most widely read businessnews in German on the internet under the brandname AFX-TD. InApril alone, its news stories were viewed more than the milliontimes on a number of major web sites of online banks and themedia. dpa has been cooperating with AFX-TD editorially sinceApril. After the successful pilot phase dpa-AFX will become anindependent company by July. dpa-AFX will be launched with substantial resources spreadacross Germany and will profit from dpa's and AFX's globalcorrespondent networks. AFX correspondents in Germany will alsobe part of the dpa- AFX editorial team, producing English-language business news. Managing director of dpa-AFX Wirtschaftsnachrichten GmbH willbe Igor Reichlin, 49, who previously had been in charge ofGermany and Eastern Europe at AFX News. Editor-in-chief will be Romanus Otte, 37, who previously hadheaded the economics-business desk at dpa's headquarters inHamburg. ots Originaltext: news aktuell GmbH Internet:http://www.newsaktuell.de Contact:: dpa-AFXWirtschaftsnachrichten GmbH Börsenstrasse 2 - 4 60313Frankfurt/Main Tel.: 069 - 92022373 o. 97123710 Fax: 069 -92022390 e-mail: ireichlin@teledata.de

rotte@teledata.de Deutsche Presse-Agentur GmbH Mittelweg38 20148 Hamburg Tel.: 040-4ll3-2300 AFX News Ltd. FitzroyHouse, 13-17 Epworth Street London EC2A 4DL Tel.: (0171)253-2532Fax: (0171)490-3007 Teledata Börseninformations GmbHBörsenstrasse 2 - 4 60313 Frankfurt/Main Ansprechpartner: ThomasRebel Tel.: 069 - 92022347 Fax: 069 - 92022333 e-mail:trebel@teledata.de

Subscribers please note that material bearing the slug"PROTEXT" is not part of CTK's news service and is not to bepublished under the "CTK" slug. Protext is a commercial serviceproviding distribution of press releases from clients, who areidentified in the text of Protext reports and who bear fullresponsibility for their contents.

PROTEXT