EANS-Adhoc: Successful 1st half-year 2010 for United Internet

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
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responsible for the content of this announcement.
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26.08.2010

• Sales up 14.1% to EUR 930.8 million.
• EBITDA improves 4.8% to EUR 182.0 million.
• Operative cash flow grows 13.9% to EUR 143.7 million.

Montabaur, August 26, 2010. The Management Board of United Internet AG (ISIN
DE0005089031) today announced the consolidated results according to IFRS for
the first six months of 2010.

Group development

In the first six months of 2010, consolidated sales of United Internet AG grew
by 14.1% from EUR 815.7 million to EUR 930.8 million. Despite high expenses for
the current DSL quality drive and the development of new business fields
(together EUR 19.2 million), consolidated earnings before interest, taxes,
depreciation and amortization (EBITDA) improved by 4.8% from EUR 173.7 million
to EUR 182.0 million.

Due to a scheduled increase in depreciation of EUR 10.8 million following the
acquisition of freenet´s DSL customers, earnings before interest and taxes
(EBIT) were 3.7% down on the previous year at EUR 142.2 million (prior year:
EUR 147.6 million). Earnings per share (EPS) fell accordingly from EUR 0.36 to
EUR 0.34. Operative cash flow rose by 13.9% from EUR 126.2 million last year to
EUR 143.7 million.

|Group development                     |Jan.-June   |Jan.-June   |Change      |
|Half-year comparison (in EUR million) |2009        |2010        |            |
|Sales                                 |815.7       |930.8       |+ 14.1%     |
|EBITDA                                |173.7       |182.0       |+ 4.8%      |
|EBIT                                  |147.6       |142.2       |- 3.7%      |


Segment development

"Access" segment
In the "Access" segment, sales in the first six months of 2010 grew by 20.7% to
EUR 602.2 million. EBITDA improved by 15.9% to EUR 66.2 million, while EBIT was
4% down on the previous year at EUR 53.2 million due to a scheduled increase of
EUR 10.8 million in depreciation for the acquired freenet DSL customer base.

|Development of Access segment         |Jan.-June   |Jan.-June   |Change      |
|Half-year comparison (in EUR million) |2009        |2010        |            |
|Sales                                 |498.8       |602.2       |+ 20.7%     |
|EBITDA                                |57.1        |66.2        |+ 15.9%     |
|EBIT                                  |55.4        |53.2        |- 4.0%      |

Compared to December 31, 2009, the number of fee-based contracts in this
segment remained stable at a total of 3.50 million, of which 3.31 million were
DSL contracts. 190,000 complete DSL contracts (of particular importance for
customer retention) were added in the period under review.

|Customer contracts in Access       |June 30,    |Dec. 31,    |June 30,    |
|segment (in million)               |2010        |2009        |2009        |
|Access, total                      |3.57        |3.50        |3.50        |
|   of which DSL                    |3.35        |3.31        |3.31        |
|      of which DSL complete        |1.57        |1.82        |2.01        |
|      of which resale DSL / T-DSL  |1.78        |1.49        |1.30        |
|   of which narrowband / mobile    |0.22        |0.19        |0.19        |

"Applications" segment
In the "Applications" segment, significant investments were made in customer
growth during the first six months of 2010 - the number of fee-based contracts
grew by 290,000 to 5.94 million. In the same period, the number of ad-financed
accounts increased from 26.3 million to over 26.6 million. Growth in this
segment was slowed, however, by the contract conversion of a major customer of
Sedo subsidiary affilinet in late 2009. As a result, the listed subsidiary Sedo
Holding AG (formerly AdLINK Internet Media AG) posted a fall in sales of 22.1%
in the first six months of 2010 - whereas the rest of the segment enjoyed

growth of 11.0%. Against this backdrop, total segment sales  therefore  grew  by
just 3.7%  from  EUR 316.6  million  to  EUR 328.2  million.  Despite  increased
marketing  expenses  and  high  development  and  pre-launch   costs   for   new
applications and  further  international  expansion,  segment  EBITDA  and  EBIT
improved by  6.9%  to  EUR 118.9  million  and  by  6.1%  to  EUR 92.3  million,
respectively.

|Development of Applications segment   |Jan.-June   |Jan.-June   |Change      |
|Half-year comparison (in EUR million) |2009        |2010        |            |
|Sales                                 |316.6       |328.2       |+ 3.7%      |
|EBITDA                                |111.2       |118.9       |+ 6.9%      |
|EBIT                                  |87.0        |92.3        |+ 6.1%      |

The growth in customer contracts during the first half-year resulted from the
addition of 170,000 new Business Applications contracts (total: 4.18 million)
and 120,000 new Consumer Applications contracts (total: 1.76 million). The
number of customer contracts in foreign markets (UK, France, USA, Spain,
Austria, Switzerland) grew by 130,000 to 2.35 million contracts in the first
six months of 2010.

|Customer contracts in Applications |June 30,    |Dec. 31,    |June 30,    |
|segment (in million)               |2009        |2009        |2010        |
|Total fee-based contracts          |5.36        |5.65        |5.94        |
|   of which domestic               |3.29        |3.43        |3.59        |
|   of which foreign                |2.07        |2.22        |2.35        |
|Ad-financed accounts               |25.4        |26.3        |26.6        |


Outlook

In view of the successful development in the first six months of 2010, the
company has confirmed its forecasts: consolidated sales are expected to grow by
approx. 15% to EUR 1.9 billion. Despite further high expenses for the current
DSL quality drive and increased development and marketing costs for new
business fields and further foreign expansion, EBITDA is expected to remain at
the record level of 2009 (EUR 356.1 million - without positive special items).

Further inquiry note:
Marcus Schaps
Head of PR
United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Tel: 02602/96-1076
Fax: 02602/96-1013
E-Mail: [email protected]
Internet: www.united-internet.de
end of announcement euro adhoc
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issuer:   United Internet AG
          Elgendorfer Straße 57
          D-56410 Montabaur
phone:    +49 (0) 2602 96-1100
FAX:      +49 (0) 2602 96-1013
mail:     [email protected]
WWW:      http://www.united-internet.de
sector:   Telecommunications Services
ISIN:     DE0005089031
indexes:  Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share, Technology
          All Share

stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English

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