Leading GPS Navigation Supplier, NAVIGON, Welcomes General Atlantic as Shareholder; Move strengthens capital base to drive rapid international growth

HAMBURG, Germany--Nov. 2, 20059, 2005--NAVIGON, one of Europe's leading suppliers of mobile navigation systems, announced today that it has strengthened its capital base with an equity investment from General Atlantic. General Atlantic is a leading global private equity firm providing capital for innovative companies where information technology or intellectual property is a key driver of growth. Peter Scheufen, Chairman of the NAVIGON AG Managing Board, will continue to be the company's principal shareholder and General Atlantic will become a minority investor in NAVIGON.

The company plans to use General Atlantic investment for international expansion, including further expansion into the North American marketplace, product development and developing partnerships with leading brand companies in the electronics sector who will increasingly integrate navigation software into their mass market products.

"With General Atlantic, we have gained an experienced, long-term investor who recognizes our tremendous growth potential and will support us both in consolidating our position in the market and in realizing our goals for international expansion," said Peter Scheufen, NAVIGON AG's CEO.

The European consumer market for mobile navigation solutions, using PDA, Smartphone or dedicated devices, has more than tripled in 2004, with shipments of 2.6 million units versus 700,000 units in 2003. By the end of the third quarter of the current fiscal year, there were sales of more than 4.4 million mobile navigation systems so that sales for 2005 are expected to be more than double that of 2004. The market continues to expand driven by technological advancements and affordable pricing appealing to an ever increasing consumer. NAVIGON anticipates that this above average growth in the booming navigation sector will continue and it intends to capitalize on its leading position in Germany and Europe.

Dr. Klaus Esser, managing director of General Atlantic and future Chairman of the NAVIGON AG Supervisory Board, said "Mobile navigation is useful for everyone and, thanks to the enormous technical progress driven by NAVIGON and other suppliers, is now also affordable for everyone. Therefore, demand is growing very rapidly and NAVIGON's young, innovative team faces the challenge of capitalizing on this enormous potential for growth. We look forward to supporting Peter Scheufen and his team in this task, in Europe, in North America and throughout the world..."

About NAVIGON:

NAVIGON broke new ground with the development of the world's first mobile GPS Navigation system and continues to set quality standards with its product range. It is one of Europe's leading companies in the mobile navigation sector (source: CANALYS 11/2005). With head offices in Hamburg and Wuerzburg, the German systems manufacturer employs a total of more than 150 staff.

NAVIGON is also active with a local sales organization in Central and West Europe plus the US and Canada. The core of the company's philosophy is mobility for people and businesses, constantly, everywhere. Mobility which is simple to plan, efficient, comfortable and safe. NAVIGON's products are compatible with all hardware platforms and are built to the highest standards. www.navigon.com

About General Atlantic:

General Atlantic LLC is a leading global private equity firm providing capital for innovative companies where information technology or intellectual property is a key driver of growth. The firm was founded in 1980 and has approximately $10 billion of capital under management. General Atlantic has invested in about 150 companies, with current holdings in nearly 60 portfolio companies of which almost one-half are based outside the United States. The firm is distinguished within the investment community by its global strategy and worldwide presence, its commitment to provide sustained value-added assistance for its portfolio companies and its long-term approach. General Atlantic has nearly 70 global investment professionals among its 145 employees worldwide with offices in Greenwich, New York, Palo Alto, Washington, D.C., London, Dusseldorf, Singapore, Tokyo, Mumbai, Hong Kong, and Sao Paulo. For further information and a listing of GA's public and private portfolio companies see www.generalatlantic.com.