Publication of the resolution to exercise an authorisation to repurchase; publication of the repurchase programme in accordance with § 82 paragraph 9 of the Austrian Stock Exchange Act.

At the ordinary shareholders' meeting of 18th June 2004, the Executive Board of Brain Force Software AG was authorised to acquire its own shares up to a maximum of 10% of the share capital of Brain Force Software AG for a period of 18 months; this authorisation may be exercised in whole or in part, once or more than once, individually or jointly.

The Executive Board of Brain Force Software AG has decided to exercise this authorisation in view of a partial amount.

The details of the share repurchase programme are as follows:

1. According to § 65 paragraph 1 line 8 of the Stock Corporation Act, 18th June 2004 was the day of the authorisation resolution by the shareholders' meeting.

2. According to § 65 paragraph 1a of the Stock Corporation Act, 30th June 2004 was the day of publication of the shareholders' meeting resolution in the Amtsblatt zur Wiener Zeitung, an official insert in the Wiener Zeitung newspaper.

3. The repurchase programme starts on 4th August 2004 and is expected to end on 30th June 2005.

4. The repurchase programme relates to ordinary shares of Brain Force Software AG (ISIN AT0000820659).

5. The repurchase programme is intended to provide for the repurchase of up to 250,000 ordinary shares of Brain Force Software AG (equivalent to around 2.44% of the share capital of Brain Force Software AG).

6. The buying-in price for the repurchase must be a minimum of EUR 2.50 and a maximum of EUR 4.00.

7. The repurchase will be performed through the stock exchange.

8. The repurchase is being carried out to extend the option of utilising own shares in the case of acquisitions, i.e. as consideration in the acquisition of companies, plants, sub-undertakings or shares in one or more companies at home or abroad.

Brain Force Software AG intends to fulfil its disclosure obligations as defined in § 6 and § 7 of the Publication Ordinance 2002, Federal Law Gazette II 2002/112 by publishing details on a generally accessible Internet site (address: http://www.brainforce.com/.