Disclosure of securities transactions

"Directors' Dealings"

- unless noted otherwise relating to shares of TAKKT AG, Presselstrasse 12, 70191 Stuttgart (German SIN: 744 600) -

Based on the German Investor Protection Improvement Act (Anlegerschutzverbesserungsgesetz), a new §15a of the German Securities Trading Act (Wertpapierhandelsgesetz) is effective from 30 October 2004.

Any person with executive functions within TAKKT AG ("executive") and persons closely associated with executives are obliged to notify both TAKKT and the German Federal Financial Supervisory Authority about any transactions on own account in TAKKT shares or relating money-market instruments, in particular derivatives, within five working days. This obligation does not apply if the total amount of the transactions on own account of any executive and the persons closely associated with the executive does not exceed EUR 5,000 by the end of the calendar year.

TAKKT AG has currently received no notifications.