EANS-Adhoc: Kapsch TrafficCom AG: Calculation Update of Contract in South Africa Will Burden Third Quarter

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Financial Figures/Balance Sheet/South Africa 11.02.2013

Vienna, February 11, 2013 -- Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, informs that the calculation of the contract in the South African province Gauteng had to be updated. With respect to the recent political developments and under consideration of the accounting standards according to IFRS, the executive board came to the conclusion that revenues which were so far expected until the system start are no longer to be realized. This update will burden the third quarter results which will be released on February 27.

The electronic toll collection system for multi-lane free-flow of traffic (Gauteng Open Road Tolling - GORT) was originally scheduled to go live in April of 2011, but the system start was postponed several times by the customer due to political discussions. These delays caused additional costs and standby costs. Upon a positive court decision, the system start was ultimately expected for December of 2012. The repeated delay of the go live required a new valuation in accordance with the current knowledge in the course of the calculation update for the third quarter.

It cannot be excluded that individual services which have not been realized yet may be rendered and separately invoiced after the system start as they are part of a framework contract.

The third quarter would have shown a clear positive result without this burden from the South African project, but will now presumably lie again at the level of the two previous quarters in the current fiscal year.

About Kapsch TrafficCom Kapsch TrafficCom is a provider of high-performance intelligent transportation systems (ITS) in the application fields of toll collection, urban access management and traffic safety and security. Kapsch TrafficCom covers the entire value creation chain of its customers as a one-stop shop by providing products and components as well as subsystems as open market products, by integrating them into turnkey systems or by developing end-to-end solutions, including services for the technical and commercial operations of systems. Within its current core business of electronic toll collection (ETC), Kapsch TrafficCom designs, builds and operates ETC systems, in particular for multi-lane free-flow traffic. With 280 references in 41 countries on all five continents and with almost 70 million on-board units delivered and about 18,000 lanes equipped, Kapsch TrafficCom has positioned itself among the internationally recognized suppliers of electronic toll collection worldwide. Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and representative offices in 30 countries. For more information, visit http://www.kapschtraffic.com.

Follow us on Twitter: http://twitter.com/kapschnet.

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   February 11, 2013 12:51 ET (17:51 GMT)- - 12 51 PM EST 02-11-13