Directors' Dealing

According to the Austrian Corporate Governance Code the members of the Managing and Supervisory Boards have voluntarily agreed to disclose their holdings in shares of HIRSCH Servo AG. Any purchase or sale of shares is reported to the Austrian Financial Market Authority in accordance with § 48 of the Austrian Stock Exchange Act and also listed below in detail, starting with the Business Year 2005/06.

Managing Board	Number of Shares owned as of 01.11.2009	Purchase	Sale	Current Number of Shares owned
Kurt Hirsch Holding GmbH	309.584	0	0	309.584
Total	309.584	0	0	309.584

Transactions in detail:

Date	Name	Purchase/Sales	Share Price in €
06.11.2007	Peter Grabuschnig, COO	Sale 816 pcs.	133,15*
24.05.2007	Peter Grabuschnig, COO	Sale 10.000 pcs.	200,00
07.06.2006	Carsten Brinkmeier, CFO	Purchase 1000 pcs.	87,15
12.05.2006	Georg Wall, Supervisory Board	Purchase 500 pcs.	96,48
31.03.2006	Carsten Brinkmeier, CFO	Purchase 2450 pcs.	70,27
02.03.2006	Carsten Brinkmeier, CFO	Purchase 7000 pcs.	69,14
01.02.2006	Georg Wall, Supervisory Board	Purchase 80 pcs.	62,99
31.01.2006	Carsten Brinkmeier, CFO	Purchase 1400 pcs.	59,00
31.01.2006	Carsten Brinkmeier, CFO	Purchase 12010 pcs.	58,50
28.12.2005	Georg Wall, Supervisory Board	Purchase 420 pcs.	48,50
18.11.2005	Helmut Grienschgl, Supervisory Board	Purchase 250 pcs.	42,48
17.11.2005	Carsten Brinkmeier, CFO	Purchase 130 pcs.	41,60

* Average price