OTE0015 5 WB 0217 OTB0028 WA 26.Mär 08
euro adhoc / Mergers - Acquisitions - Takeovers / Company Information

euro adhoc: freenet AG / Mergers - Acquisitions - Takeovers / freenet in discussions to buy debitel-group (E)

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

26.03.2008

Freenet is in discussions with Permira regarding a takeover of the debitel group. Should these discussions be successful, freenet would acquire the debitel group with its existing bank debt and would grant the debitel shareholders a 24.9 % stake in freenet. In addition, freenet would pay a cash consideration which would be financed in whole or in part through a vendor loan. The successful conclusion of the discussions depends upon agreement on several open issues and would require the approval of the board of the relevant entities and the German cartel authorities as well as an agreement with the lending banks of the debitel group.

Further inquiry note:
Andreas Neumann
IR-Manager
Tel.: +49 (0) 40 51306-778
E-Mail: ir@freenet.ag

end of announcement euro adhoc

emitter: freenet AG
Hollerstraße 126
D-24782 Büdelsdorf
phone: +49 (0)4331 691000
FAX: +49 (0)40 51306-970
mail: ir@freenet.ag
WWW: http://www.freenet.ag
sector: Online
ISIN: DE000A0EAMM0
indexes: Midcap Market Index, TecDAX, CDAX, HDAX, 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, Börse München
language: English

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OTE0015 2008-03-26/19:03