SYSTRAN : SYSTRAN's management and principal shareholders enter into exclusive negotiations with CSLI for the acquisition of 35.79% of SYSTRAN's share capital.

19 december 2013 Paris, 19 December 2013 SYSTRAN's management and principal shareholders entered into exclusive negotiations today with CSLI Co. Ltd, a Korean company, to sell all of their shares in SYSTRAN, representing approximately 35.79% of the share capital[1] for a price of €5 per share. This amicable industrial partnership, with the support of SYSTRAN's management and principal shareholders, would enable SYSTRAN to have a privileged access to Asian markets and in doing so capture new markets, and would allow CSLI to benefit from SYSTRAN's unique know-how and expertise in developing and selling machine translation software and natural language processing technologies. Dimitris Sabatakakis[2], Guillaume Naigeon, Denis Gachot, Jean Senellart, Charles-Eric Boscals de Réals[3], together with Valfinance and SOPI have granted CSLI an exclusivity to execute this transaction. In a meeting held today, SYSTRAN's board of directors welcomed such offer and expressed its support for the proposed transaction, pending the outcome of the independent expert's report by SORGEM that would be appointed in case of a positive outcome of the current negotiations. This transaction would remain subject to standard conditions precedent, including the prior administrative authorizations, in France and in USA, under the control of foreign investments. If the above authorizations are granted, CSLI would acquire 35.79% of the share capital of SYSTRAN and would then file a tender offer for all of the remaining shares at the same price of €5 per share. Such tender offer is expected to take place during the first semester of 2014 in the current timetable. The contemplated transaction values the sold block at approximately €15.7 million and 100% of SYSTRAN at approximately €37.5 million[4]. About SYSTRAN SYSTRAN is the market historic provider of language translation software products and solutions for the desktop, enterprise and Internet. Use of SYSTRAN products and solutions enhance multilingual communication and increase user productivity. SYSTRAN delivers real-time language solutions for search, content management, online customer support, intra or intercompany collaboration, and eCommerce. With the ability to facilitate communication in 52+ language combinations and in 20 vertical domains, SYSTRAN's software is the choice of leading global corporations, portals and public agencies. SYSTRAN has been pioneering advances in machine translation for over four decades. Its latest achievement, SYSTRAN Hybrid MT, combines the predictability and language consistency of rule-based machine translation with the fluency of statistical MT. SYSTRAN is headquartered in Paris, France with a North American office located in San Diego, California, USA. SYSTRAN (Code ISIN FR0004109197, Bloomberg: SYST NM, Reuters: SYTN.LN) is listed on EuroNext Paris, Compartiment C. For more information, visit www.systransoft.com About CSLI Established in February 1995, CSLI is a leading provider of language translation software and services. CSLI has a dominant market position in the Korean translation market and it offers translation solutions and services, including document translation and automatic web translation to various corporations, government agencies and individuals. CSLI's proven technology and accumulated language resources allow the company to better serve its customers. Specifically, CSLI's high-quality translation engines offer a real-time, bidirectional translation for many languages including Korean, Japanese, Chinese and English. CSLI is dedicated to developing various language translation solutions to make the world more connected and it plans to further expand its market presence in the global language translation market. CSLI is headquartered in Seoul, Republic of Korea with presence in USA, China, France, etc. For more information, please visit www.csli.co.kr Contact Dimitris SABATAKAKIS, Chairman & CEO Telephone: +33 (0)1 44 82 49 00   Fax: +33 (0)1 44 82 49 01 Email: sabatakakis@systran.fr The annual and 4(th) quarter 2013 results will be published on 14 February 2014. This Press Release is available for download at: http://www.systransoft.com/systran/investors/press-releases -------------------------------------------------------------------------------- [1]        This includes all of their existing shares, representing 35.79% of the SYSTRAN's share capital, plus the shares to be issued as a result of the exercise of their stock-options (i.e. a total of 37.88% of SYSTRAN's share capital on a fully diluted basis). [2]        Dimitris Sabatakakis is the Chief Executive Officer and President of the Board of Directors of SYSTRAN. [3]        Guillaume Naigeon, Denis Gachot, Jean Senellart and Charles-Eric Boscals de Réals are members of the Board of Directors of SYSTRAN. [4]        Equity value, excluding treasury shares but taking into account existing stock-options which are not exercised at date. SYSTRAN PR 2013 12 19: http://hugin.info/141962/R/1751065/590209.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: SYSTRAN via GlobeNewswire [HUG#1751065]