EANS-Adhoc: Lycos Europe N.V. / Divestment of business units led to positive quarterly net result

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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28.04.2009

LYCOS Europe N.V. ("LYCOS") today published its unaudited condensed consolidated
interim financial statements for the three months of 2009.

The following figures only refer to continued operations such as portal business
and webhosting business and therefore do not include discontinued operations
such as United Domains and Shopping.

Revenues came down to EUR 0.7 million in the three months 2009 compared to EUR
6.2 million in the same period in 2008 since most products and services had been
terminated by the middle of February. Ordinary expenses were down EUR 3.5
million. This leads to an EBITDA for the three months of 2009 of EUR (8.3)
million, compared to EUR (6.2) million in the same period in 2008.

The divestment of business units-especially the sale of united-domains
AG-contributed to a net profit of EUR 17.0 million at the end of the first
quarter 2009 compared to EUR (5.9) million in the same period 2008.

Cash, cash equivalents and other investments amounted to EUR 94.2 million as of
March 31, 2009. The cash ratio was 2.5 (cash, cash equivalents and other
investments divided by total liabilities) and the equity ratio was 67.5 percent.

Three months Three months Change
ended ended
March 31, 2009 March 31, 2008
(unaudited) (unaudited)

Revenues in mln EUR 0.7 6.2 (89)%
EBITDA in mln EUR (8.3) (6.2) (34)%
EBIT in mln EUR (8.5) (6.8) (25)%
Net profit/(loss) in mln EUR 17.0 (5.9) >100%

Earnings/loss per share
(diluted and undiluted) in EUR 0.05 (0.02) >100%

LYCOS Europe will continue working on the divestment of the shopping business
(Pangora), LYCOS iQ and LYCOS Search while looking on other options.

Another capital distribution of EUR 35 million respectively EUR 0.1123 per share
is scheduled for May 11, 2009.

Further inquiry note:
Jochen Hög
Tel.: +49 (0)5241-80-71244
E-Mail: [email protected]

end of announcement euro adhoc
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emitter: Lycos Europe N.V.
Richard Holkade 36
NL-2033 PZ Haarlem
phone: +49 (0)524180 71000
FAX: +49 (0)524180 71450
mail: [email protected]
WWW: http://www.lycos-europe.com
sector: Software
ISIN: NL0000233195
indexes: Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse Hannover, Euronext - Paris, Börse München
language: English

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