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NTT DATA EUROPE Secures All Shares Held by Nobel SA in itelligence AG


TOKYO, PARIS and BIELEFELD, Germany, November 28 /PRNewswire/ --

- Under the agreement signed yesterday, NTT DATA EUROPE secured the right
to acquire all itelligence shares held by Nobel SA

- Nobel SA is currently the second largest shareholder in itelligence AG,
holding approx. 13% of the share capital

- NTT DATA EUROPE makes significant progress towards closing the takeover
offer successfully

TOKYO, PARIS and BIELEFELD, Germany, November 28 /PRNewswire/ --

NTT DATA EUROPE GmbH & Co. KG, a wholly-owned subsidiary of Japanese IT 
company NTT DATA CORPORATION, today announced that it has entered into an 
agreement with Nobel SA Compagnie Financière, a 100 percent subsidiary of 
HSBC France SA and currently the second largest shareholder of itelligence 
AG, holding approx. 13 percent of the share capital. Under the agreement, NTT 
DATA EUROPE secured all itelligence shares currently held by Nobel SA at a 
consideration of 6.20 Euro per share - equal to the price that is currently 
being offered to all other shareholders of itelligence under the takeover 
offer.

On 13 November 2007, NTT DATA EUROPE launched a takeover offer for all
outstanding shares in itelligence AG, a leading international full-service
provider for solutions in the SAP environment, headquartered in
Bielefeld/Germany. This takeover offer includes a minimum acceptance
condition of 50 percent plus one share on a fully diluted basis. As of 26
November 2007, the takeover offer has already been accepted for 318,903
itelligence shares.

Taking into account the agreement with Nobel SA and the undertaking by
the itelligence CEO Herbert Vogel and his wife to tender at least half of
their stake in itelligence, a further acceptance of approximately 32 percent
is needed for the success of the offer.

"We are now even more confident that we will reach our targeted minimum
acceptance threshold and that we will close the takeover offer successfully",
says Takashi Enomoto, Executive Vice President at NTT DATA. "We have received
overwhelmingly positive signals from all directions: the employees of
itelligence, the company's Management and Supervisory Boards, SAP as a key
partner and itelligence' shareholders."

As announced on 23 October 2007, NTT DATA EUROPE is offering to pay 6.20
Euro per itelligence share in a cash takeover offer. The offer document was
published on 13 November 2007 and is available at
http://www.nttdataeurope.com. On 21 November 2007, the Management and
Supervisory Boards of itelligence have recommended to the shareholders of
itelligence to accept the offer. The transaction also has the backing of
itelligence' important business partner SAP. Merger control clearance was
given on 16 November 2007. NTT DATA intends to keep itelligence as a
separately listed company and to retain management and employees, while
supporting the company in its future growth. The transaction is part of NTT
DATA's expansion of its global IT service capabilities.

About NTT DATA CORPORATION

NTT DATA CORPORATION is a quoted subsidiary of Nippon Telegraph and
Telephone Corporation. It offers a broad range of IT services including
consulting, systems integration and IT outsourcing. NTT DATA posted total
revenues of approx. JPY 1 trillion (Euro 7.0 billion)(1) for the year ended
March 31, 2007, and has more than 22,600 employees. Since 2005, NTT DATA has
taken various steps to develop the international business, including the
acquisition of the Revere Group in the US and the Shenzen East Net Co., Ltd.
in China. For more information visit the NTT DATA website:
http://www.nttdata.com.

About itelligence AG

itelligence AG is one of the leading international full-service providers
for solutions in the SAP environment. The company offers its customers a
tailored solution and service portfolio for the entire lifecycle of an IT
investment. The company employs more than 1,200 highly qualified people in 15
countries. In 2006, itelligence generated total sales of Euro 163.8 million.
For more information visit the itelligence website:
http://www.itelligence.de.

Important Information

This is neither an offer to purchase nor a solicitation of an offer to
sell shares in itelligence AG, nor an offer to purchase or sell any other
securities. The terms and conditions of the offer are being published in the
offer document as approved by the German Federal Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). Investors
and holders of shares in itelligence AG are strongly advised to read the
relevant documents regarding the takeover offer published by NTT DATA EUROPE
GmbH & Co. KG because they contain important information. Investors and
holders of shares in itelligence AG may receive these documents at the web
site http://www.nttdataeurope.com.

The information herein may contain "forward-looking statements".
Forward-looking statements may be identified, in particular, by words such as
"expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates", "will" or words of similar meaning and include, but are not
limited to, statements about the expected future business of NTT DATA
CORPORATION, NTT DATA EUROPE GmbH & Co. KG, itelligence AG or any other
entities. These statements are based on the current expectations of the
management of NTT

DATA CORPORATION and NTT DATA EUROPE GmbH & Co. KG and are inherently
subject to uncertainties and changes in circumstances. NTT DATA CORPORATION
and NTT DATA EUROPE GmbH & Co. KG do not undertake any obligation to update
the forward-looking statements to reflect actual results, or any change in
events, conditions, assumptions or other factors.

(1) Based on the average exchange rate of approx. 150 JPY/EUR for the
period from April 1st, 2006 to March 31st, 2007 (source:
http://www.oanda.com/convert/fxhistory).

Media contact

    NTT DATA:
    Sara-Lisa Cavallaro, 
    Hering Schuppener Consulting, 
    Tel: +49-69-921874-68

    itelligence:
    Silvia Dicke, 
    Head of Media Relations, 
    Tel: +49-521-9144-8107



© PR Newswire Association LLC.

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