euro adhoc: other / LYCOS Europe N.V. announces the results of strategic review process (E)

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Disclosure rectification announcement transmitted by euro adhoc. The issuer
is responsible for the content of this announcement.
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26.11.2008

Haarlem / Netherlands, November 26, 2008 - LYCOS Europe N.V. ("LYCOS"), one of
the leading portal providers, online advertisers, hosting, domain and price-
comparison platforms in Europe, today announces the results of its strategic
review process.

Over the past months LYCOS, together with its advisors, has evaluated the
different available options for the business. These options included the sale
of the company as a whole, a sale of all or parts of the assets of LYCOS,
restructuring and partial liquidation of the business.

As a result of this strategic review process the Management Board and the
Supervisory Board of LYCOS came to the conclusion that the best available
option of the company is to
(i) strive for a sale of its domains, Danish portal and shopping activities and
(ii) to discontinue the portal and webhosting activities.

As a result of this conclusion LYCOS intends to distribute an amount of EUR 50
million in 2008 to its shareholders.

The above mentioned steps are subject to the approval of LYCOS' shareholder
meeting, which will be held December 12th, 2008 in Amsterdam, the Netherlands.
The full agenda as well as further information are available on the LYCOS
corporate website.

###

About Lycos
Lycos Europe (ISIN NL0000233195) is one of the leading European portal providers
and online advertisers operating a network of websites in seven languages in
Europe and the USA. The company's combination of search, communication services,
online communities, content channels, shopping, homepage building and domain
names registration addresses a wide range of target groups.

Further inquiry note:
LYCOS Europe
Public Relations
Frauke Riva
T: +49-(0)5241-80-71050
F: +49-(0)5241-80-671050
E: [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

original announcement:
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keywords: other

euro adhoc: other / LYCOS Europe N.V. announces the results of strategic review
process
26.11.2008

Haarlem / Netherlands, November 10, 2008 - LYCOS Europe N.V. ("LYCOS"), one of
the leading portal providers, online advertisers, hosting, domain and price-
comparison platforms in Europe, today announces the results of its strategic
review process.

Over the past months LYCOS, together with its advisors, has evaluated the
different available options for the business. These options included the sale
of the company as a whole, a sale of all or parts of the assets of LYCOS,
restructuring and partial liquidation of the business.

As a result of this strategic review process the Management Board and the
Supervisory Board of LYCOS came to the conclusion that the best available
option of the company is to
(i) strive for a sale of its domains, Danish portal and shopping activities and
(ii) to discontinue the portal and webhosting activities.

As a result of this conclusion LYCOS intends to distribute an amount of EUR 50
million in 2008 to its shareholders.

The above mentioned steps are subject to the approval of LYCOS' shareholder
meeting, which will be held November 25th, 2008 in Amsterdam, the Netherlands.
The full agenda as well as further information are available on the LYCOS
corporate website.

###

About Lycos Europe
Lycos Europe (ISIN NL0000233195) is one of the leading European portal
providers and online advertisers operating a network of websites in seven
languages in Europe and the USA. The company's combination of search,
communication services, online communities, content channels, shopping,
homepage building and domain names registration addresses a wide range of
target groups.

further inquiry note:
LYCOS Europe
Public Relations
Frauke Riva
T: +49-(0)5241-80-71050
F: +49-(0)5241-80-671050
E: [email protected]
http://www.lycos-europe.com

end of announcement euro adhoc
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sector publicity:
2008-11-26 08:35:57 - Bloomberg- abborted

2008-11-26 08:35:57 - Bloomberg- abborted

2008-11-26 08:35:57 - PR Newswire- abborted

2008-11-26 08:35:57 - PR Newswire- abborted

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