GK Software : changes its legal form to European stock corporation SE

With the entry in the Commercial Register on January 19, 2018 the announced conversion of the legal form for GK Software from a stock corporation (Aktiengesellschaft, AG) to a European stock corporation (Societas Europaea/SE) has been formally completed. The conversion was decided by the Annual General Meeting on June 22, 2017 in accordance with a resolution proposed by the Management Board and the Supervisory Board.

The new legal form has no effect on ownership, shareholders, contractual partners or customers. The previous two-tier board structure consisting of the Management Board and the Supervisory Board remains unchanged. The headquarters of GK Software SE is still located in Schöneck and the stock remains listed on the present stock exchanges.

About GK Software SE
GK Software SE is a leading developer and provider of standard software for the retail sector, and currently counts 20 percent of the world's 50 largest retailers among its customer base. The company offers an extensive range of solutions for stores and enterprise headquarters as well as for the implementation of contemporary omni-channel retail concepts. Thanks to its open and platform-independent software solutions in the GK/Retail Suite, the company has established itself as one of the market's leading providers of technology and innovations. Its solutions enable retail chains with numerous stores to optimize their business processes and to benefit from significant potential for saving costs and implementing customer loyalty programs in order to improve their competitiveness. In addition to its own software solutions, GK Software AG also offers customers a comprehensive range of implementation and maintenance services. Having been acquired in 2013, AWEK GmbH and in 2015, the retail segment of DBS Data Business Systems Inc. In 2017, the company acquired a majority shareholding in prudsys GmbH, a company focused on artificial intelligence.

The company employs 975 members of staff (figures for 30 September 2017) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia and the USA. GK Software SE's customers include many well-known retailers from both Germany and beyond, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Loblaw, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 248,000 installations across approximately 41,700 stores in 50 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 77.3 million in 2016. Since launching the company in 1990, the two founders Rainer Gläß (CEO) and Stephan Kronmüller (deputy board member), together with the experienced management team, have shaped GK Software AG into a profitable company exhibiting strong growth.

Further information about the company: http://www.gk-software.com

Contact

Investor Relations
GK Software SE
Dr. René Schiller
Phone: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: rschiller@gk-software.com