Bremen, February 24, 2003. The Management Board of OHB Technology AG has decided to buy back 10% of the company's own stock pursuant to the authorization granted by the shareholders. The buy-back program will expire on November 21, 2003 and is to be implemented via the stock market.

In accordance with the resolution passed by the shareholders, the acquisition price per share will be based on the stock's mean XETRA closing price for the five trading days preceding the date of acquisition. The purchase price must not differ from the mean by more than 5 percent in either direction.

Given the company's favorable business outlook and the current price of its stock, the Management Board considers a treasury-stock investment to be advantageous. Part of the treasury stock will be used for a staff compensation program, with the rest retained on OHB Technology's balance sheet for use as an acquisition currency if necessary.