euro adhoc: Lycos Europe N.V. / Financial Figures/Balance Sheet / LYCOS Europe N.V. closes the financial year 2008 with a EUR (50.8) mln EBITDA loss mainly affected by decreasing revenues and liquidation costs (E)

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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03.03.2009

LYCOS Europe N.V. ("LYCOS") today published its consolidated financial
statements for the year ended December 31, 2008.

The following figures only refer to continued operations such as portal business
and webhosting business and therefore do not include discontinued operations
such as Jubii Denmark, United Domains and Shopping. Due to the strategic
decision made by the shareholder´s meeting on December 12, 2008 these units have
already been sold or are about to be sold. They represent about 60 percent of
LYCOS Europe´s total revenues.

LYCOS Europe´s revenues for the year ended December 31, 2008 amounted to EUR
20.9 million, which is a decrease of 44 percent compared to the restated
revenues of EUR 37.4 million for the year ended December 31, 2007.
The EBITDA for the year ended December 31, 2008 amounted to EUR (50.8) million
compared to EUR (15.5) million in the reference period in 2007 mainly due to
decreasing revenues. Further the liquidation measures had a strong impact of EUR
(24.4) million on annual operating results.

The net result of the continued and discontinued operations decreased to EUR
(52.9) million for 2008 compared to 2007 (EUR 40.1 million). The total
liquidation costs amounted to EUR (32.8) million.

Cash, cash equivalents and other investments decreased to EUR 76.1 million as at
December 31, 2008 compared to EUR 157.2 million as at December 31, 2007. This
leads to a cash ratio of 1.6 (cash, cash equivalents and other investments
divided by total liabilities). The significant decline was mainly caused by the
capital reimbursement of EUR 50 million in December 2008.

Year ended December Year ended December
31, 2008 31, 2007
(restated)
Revenues 1) in mln EUR 20.9 37.4
EBITDA 1) in mln EUR (50.8) (15.5)
EBIT 1) in mln EUR (59.5) (23.7)
Net Profit/(Loss) 2) in mln EUR (52.9) 40.1
Earnings per share
(diluted and undiluted) 2) in EUR (0.17) 0.13

1) 2008 includes the continued business without the discontinued operations
Jubii Denmark, United Domains and Shopping. 2007 has been restated accordingly.
2) Includes in 2008 and 2007 continued and discontinued operations.

In the meantime LYCOS Europe sold further businesses: the newssearch Paperball
was taken over by Paperball GmbH, Munich. The search engine Fireball now belongs
to Ambrosia AG, Zug (Switzerland). Trademark and domains of the French
Email-Service Caramail were taken over by United Internet AG, Montabaur.
Conversis hosting GmbH continues the free hosting service MultiMania. The LYCOS
chat - worldbiggestchat.com - will be transferred to the new operator Noesis
Systems Ltd., Lancashire (Great Britain) on March 9, 2009. The parties agreed to
keep the purchase prices confidental.

Furthermore LYCOS Europe will continue working on the divestment of the shopping
business and on the liquidation of European portal business and the webhosting
business in 2009.

The company will continue to assess to what extent cash reserves and proceeds
from divestments can be distributed to the shareholders.

Further inquiry note:
For further information, please contact:

LYCOS Europe N.V.
Investor Relations
Jochen Hög
T: +49-(0)5241-80-71244
F: +49-(0)5241-80-671244
E: jochen.hoeg@lycos-europe.comJochen Hög

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: investor.relations@lycos-europe.com
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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