euro adhoc: MatchNet plc / Quarterly or Semiannual Financial Statements / MatchNet Files Registration Statement for Initial Public Offering JPMorgan will act as sole bookrunner MatchNet Reports Second Quarter 2004 Results (E)

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

BEVERLY HILLS, Calif., August 5, 2004 - MatchNet, Inc., today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for the initial public offering of its common stock. It is anticipated that the shares will be sold in the offering by the company and certain stockholders.

JPMorgan will act as sole bookrunner and Piper Jaffray will serve as the lead underwriters of the proposed offering among a group of underwriters that includes CIBC World Markets and Pacific Crest Securities.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. A preliminary prospectus may be obtained from J.P. Morgan Securities Inc., 277 Park Avenue, 8th Floor, New York, New York 10172.

Second quarter 2004 financial results
MatchNet plc today announced its financial results for the second quarter ended June 30, 2004.
Revenue in the second quarter of 2004 was $15.8 million, an increase of 5% compared to $15.1 million for the first quarter of 2004. Compared to the second quarter of last year, revenue increased 88%, from $8.4 million. The net loss in the second quarter was $4.1 million, compared to losses of $3.0 million in the first quarter of 2004 and $736,000 in the second quarter of last year. The company now anticipates an operating loss for the year ending December 31, 2004. Membership at June 30, 2004 increased 3% to 9.8 million from 9.5 million at March 31, 2004. Compared to the same period last year active members increased 38% from 7.1 million.Subscribers at June 30, 2004 increased 7% to 235,000 from 220,000 at March 31, 2004. Compared to the same period last year, subscribers increased 88%, from 125,000. The company said that its average revenue per subscriber was $74 for the six months ended June 30, 2004 and its average subscriber acquisition cost was $37.
IR-Contact:
Ken Ross
Tel.: + 1 (323) 658-3010
E-Mail: kross@matchnet.com
Elmar Bob
Tel.: +49 (69) 74 09 37 88
Fax: +49 (69) 74 09 37 87
E-Mail: elmar@matchnet.com

Further inquiry note:
Elmar Bob
Tel.: +49 (69) 74 09 37 88
Fax: +49 (69) 74 09 37 87
elmar@matchnet.com
Tel: +49(0)69 74093788
FAX: +49 (0) 69 74093787
Email: elmar@matchnet.com

Emittent: MatchNet plc Arndtstrasse 51 DE-60325 Frankfurt Tel: +49(0)69 74093788 FAX: +49 (0) 69 74093787 Email: elmar@matchnet.com WWW: Http://www.matchnet.com ISIN: US5766601042 WKN: 930129 Indizes: Classic All Share, Prime All Share, Prime Standard, SDAX Börsen: regulated dealing Frankfurter Wertpapierbörse; free trade

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Sprache: Englisch

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