14. Juni 2007

InVision IPO: Issue Price Fixed at Euro 32

AD-HOC NOTICE ACCORDING TO § 15 WpHG

The shares of InVision Software AG will be issued at Euro 32.00 per share. All 1,077,000 offered shares of InVision have been successfully placed. Including the overallotment, the issue volume will thus be Euro 34.5 million. InVision gross around Euro 22.9 million in proceeds from the IPO.

DISCLAIMER

This publication does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. The offer is closed and the shares have been placed.

This publication and the information contained herein is not for distribution, neither directly nor indirectly, in or into the Unites States of America, Canada, Australia or Japan.

This publication does not constitute an offer for sale of any securities into the United States. Securities, including any shares of InVision Software AG in the course of the offer, may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act of 1933 as amended (the “Securities Act”)) unless they are registered under the Securities Act or exempt from registration. There will be no registration or public offer of any securities of InVision Software AG in the United States.