S&T AG has concluded a Letter of Intent with Cloudeeva Inc., San Ramon, California 94583, USA. The subject of the Letter of Intent is the planned submission of a voluntary takeover offer to the shareholders of S&T AG by Cloudeeva Inc. The submission of a voluntary takeover offer is dependent – among other things – on the positive completion of a due diligence audit by Cloudeeva Inc. The due diligence begins today. The conclusion of the due diligence is planned for January 2014. On the part of S&T, the Letter of Intent is quoting a takeover offer of not below EUR 3 per share, plus an additional payment for the consolidated result obtained in 2013 by the S&T AG.