Participations pursuant to Art. 91 Austrian Stock Exchange Act

According the knowledge of BRAIN FORCEHOLDING AG, following shareholders hold direct/indirect 5 % or more percent of the company:

1. BEKO Holding: 54.65 %.

      - Additionaly the Cross Industries AG (a parent company of 
        BEKO Holding AG) holds 0.63 %.
 
2. ABAG Aktienmarkt Beteiligungs AG: 16,97%

        (subject to the controlling participation in ABAG Aktienmarkt
        Beteiligungs AG the shares in BRAIN FORCE HOLDING AG are according
        to § 92 Z 4 Austrian Stock Exchange Act to be imputed to Erster
        Privater Investmentclub Börsebius Zentral (GbR) – the shareholders
        of this investment circle Erster Privater Investmentclub Börsebius
        Zentral (GbR) are about 1,000 German private investors)
 
3. Furthermore the current nominal capital of EUR 15,386,742.-, divided into 15,386,742
    common stocks, is free float.