euro adhoc: Kizoo AG / Financial Figures/Balance Sheet / Kizoo AG - Q3 Report for Fiscal 2008 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

23.10.2008

Karlsruhe, October 23, 2008. Kizoo AG (ISIN: DE000CMBT111), Karlsruhe, today published its results for the third quarter of fiscal 2008. The newly formulated Technology Venture strategy which - apart from the traditional focal areas - intends to invest in young technology companies was executed for the first time with an investment in the language learning portal Babbel.com during the third quarter.

Furthermore, the third quarter was marked so far by the impact of the financial crisis merely on the balance sheet and not on the income statement. This had a considerable adverse effect on the shareholders' equity reported in accordance with IFRS (EUR 247.4 million, equity ratio 95.1%). The value of the shareholding in United Internet decreased by EUR 109.7 million during the third quarter. The company sees a significant upside potential and intends to hold its shareholding until the financial markets have recovered considerably. Concerning the remaining portfolio of liquid assets and other securities (carrying value EUR 64 million) senior management sees, against the backdrop of the current situation three weeks after the end of the quarter, a write-off risk of up to EUR 12 million following the creditworthiness and issuer risks triggered by the financial crisis. If these write-off risks were to materialize, this would have a corresponding impact on the planned net income for the year.

The earnings before tax for the first three quarters 2008 amounted to EUR 8.5 million (Q1-Q3/2007: EUR 2.2 million). During the third quarter, the EBIT was EUR -1.6 million and had hence improved, as planned, versus the prior quarter (EUR -1.7 million).

With depreciations and amortizations of EUR 1.8 million during the first three quarters 2008, the EBITDA, ie the earnings before interest, taxes, depreciation and amortization, amounts to EUR -4.1 million (Q1 - Q3/2007: EUR -20.9 million). On a quarter-on-quarter comparison basis the EBITDA for Q3/08 was EUR -1.1 million (Q2/2008: EUR -1.1 million; Q3/2007: EUR -9.1 million).

Annex: Table

|In EUR million |Q3/08|Q3/07 |Q1-Q3|Q1-Q3 | | | | |/08 |/07 | |General administrative costs |(1.6)|(1.9) |(5.2)|(4.9) | |Operating income from the continuing business |(1.6)|(1.9) |(5.2)|(4.9) | |line | | | | | |Financial result |0.6 |1.2 |13.7 | 7.1 | |Tax income (expenses) |0 |(1.1) |0 |(1.2) | |Profit / loss from continuing business lines |(1.1)|(1.8) |8.5 | 1.1 | |Profit / loss from the discontinued product line|0 |(16.8)|(0.7)|(30.1)| |"ComBOTS" | | | | | |Result for the period |(1.1)|(18.5)|7.7 |(29.1)| | | | | | | |Earnings per share for the period (in EUR) |(0.03|(0.53)|0.24 |(0.83)| | | | | | | |Liquid assets and other securities (UI shares |232.3|510.0 |232.3|510.0 | |included) | | | | | |Shareholders' equity |247.4|525.0 |247.4|525.0 | |Balance sheet total |260.2|545.1 |260.2|545.1 |

The full quarterly report is available for download under http://www.kizoo.com/en/reports.

Further inquiry note:
Silvia Teschner
Investor Relations
Tel. +49 721 5160 2701
investor.relations@kizoo.com

end of announcement euro adhoc

emitter: Kizoo AG
Amalienbadstr. 41
D-76227 Karlsruhe
phone: +49(0)721 5160 0
FAX: +49(0)721 1837586
mail: info@kizoo.com
WWW: http://www.kizoo.com
sector: Online
ISIN: DE000CMBT111
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf, Börse Hannover, Börse München
language: English

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