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GFKL Financial Services AG (FRA:GFS1) Sale Of GFKL's Systems Division Concluded

GFKL Financial Services AG (FRA:GFS1) - GFKL will focus on its profitable core business segments: Receivables Management and Software - Sale of ADA - Das SystemHaus GmbH within the framework of a management buy-out

Essen, December 18, 2008: GFKL Financial Services AG has accomplished the previously announced sale of its Systems division. The spokesman for ADA - Das SystemHaus GmbH's management, Karl Peter Büscher, is to acquire ownership of the business on 30th December 2008. No details of the purchase price were disclosed.

GFKL Financial Services AG Chief Executive Officer, Dr. Peter Jänsch, cited the following reasons for the sale: "At the time, we justified the acquisition of ADA in that we wanted to be in a position to provide big companies with one-stop solutions in the area of IT hardware. For GFKL, large contracts in the areas of leasing, service and Recovery Value Guarantee Shares can, however, no longer be refinanced adequately in the current capital market situation." Within the framework of its strategic new market position, GFKL is planning the sale of its Systems Parts, as well as a step-by-step separation of its Credit business segment, and in future will focus on its more profitable segments such as Receivables Management (Collection, Factoring) and Software.

Dr. Peter Jänsch: "We have made headway once again with the restructuring process. At the same time, with the rapid completion of this process we can now devote all our attention to the envisaged expansion of our profitable core business segments of Receivables Management and Software." GFKL is expecting very favourable operating profit in these core business segments for 2008.

ADA Managing Director Karl Peter Büscher: "Even though the urgent and essential introduction of a new ERP System put considerable strain on ADA in 2008, it was indispensable as an investment for the future. With the conclusion of several important large contracts with new clients in Managed Services, our core business, we have already set the stage for a double-digit growth in sales in 2009 and have already improved our position in the market."

About GFKL Financial Services AG GFKL is a modern financial service provider with the divisions Receivables Management and Software. In the Receivables Management division GFKL offers collection and factoring services. The Collection expertise ranges from the trust management of commercial and credit receivables through to evaluating, taking over and handling personal loans and mortgages. Servicing receivables worth over 20 billion euro, GFKL is one of Germany's leading collection service providers. In the area of technology, GFKL offers modern software solutions for the entire bank lending process and all links of the insurance value chain, rounded out with solutions for automated collection procedures for industry and the public sector.

Press contact: Katrin Schwarz Head of Group Communication and Investor Relations Tel.: +49 (0)201/102-1192 Fax: +49 (0)201/102-1102-462 E-Mail: katrin.schwarz@gfkl.com Internet: www.gfkl.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

LINK: http://hugin.info/138094/R/1278639/285298.pdf

GFKL Financial Services AG

http://www.gfkl.com

ISIN: DE000A0EZFF5

Stock Identifier: GER.TEST

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GFKL Financial Services AG

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