Commenting on the Transaction, Craig Venter, CEO of Altech Group said „“We have had a business relationship with Gemalto for over 15 years. We believe that this transaction provides the best future for the Namitech team and the best support to our customers““. Olivier Piou, CEO of Gemalto added „“Africa is a region on the rise for us. This project will enable us to grow our service offering to Southern Africa customers, and contribute to the development of the industry in the area.““ The transaction, which is subject to approval from the South African Competition Commission, is expected to close in March 2009. vincent.biraud@gemalto.com www.gemalto.com