Bremen, October 19, 2007

Management Board of OHB Technology AG (ISIN: DE0005936124, Prime Standard), decided today to start a repurchase of shares.

Based on the authorization granted by the Annual General Meeting of Shareholders on May 10, 2007, to buy back the company’s own shares up to an amount of ten percent of the share capital outstanding at this date, the treasury shares already owned by OHB will be taken into account regarding the ten percent maximum. This authorization is limited until November 9, 2008.

According to the authorization granted by the Annual General Meeting of Shareholders the purchase price per share will be based on the average closing price on the XETRA trade during the last five trading days before purchase. The purchase price per share may neither exceed nor undercut the average price by more than ten percent.

It is intended to repurchase altogether up to 100,000 own shares. Based on the present share price level, this volume equals a volume of approximately 1.25 million Euro. The repurchased shares will be used for the purposes of acquiring companies, parts of companies or shareholdings in companies and/or for servicing employee shares within the OHB Technology Group as well as part of the remuneration program for the management. The repurchase of shares is scheduled to begin on October 22, solely via the Stock Exchange.