As already announced on 23 January 2006 by way of an ad hoc report, BRAIN FORCE HOLDING AG, Vienna has decided on a cash capital increase from the company's approved capital at a par-value volume of EUR 3,419,276.00.

As a result of high demand, the Executive Board has decided, with approval of the Supervisory Board of 16 March 2006 and by utilizing the entire approved capital, to increase the capital stock now by 50 percent by issuing a total of 5,128,914 new no-par-value voting individual bearer shares (common stock) against cash contribution.

The issue of the new shares is made at a price of EUR 3.10 per share and comes with profit participation from the financial year 2006. The increase in capital will be guaranteed by two investors.

The Executive Board of BRAIN FORCE HOLDING AG is convinced that it has found experienced partners in the capital market with these two successful and renowned financial investors.

Erste Bank der oesterreichischen Sparkassen AG, 1010 Vienna, Graben 21 will offer the new shares to the shareholders pursuant to § 153 Section 6 of the Austrian Public Companies Act by way of an indirect subscription right in the time from 22 March 2006 through 4 April 2006.

There will not be any free subscription. The subscription ratio is 2:1. There will not be any trade in subscription rights on the stock exchange. A separate request for subscription will presumably be published on 21 March 2006.

The company's share capital will have a par value of EUR 15,386,742 after the increase in capital. The emission proceeds in the amount of EUR 15.9 million shall be used especially for financing the company's expansion projects.

This report constitutes neither an offer nor an invitation for the subscription or purchase of securities.