Ad-hoc | 4 December 2006 00:05

OPEN Business Club AG: Price range for OPEN Business Club AG shares: Euro 30 to Euro 38

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Hamburg, December 3, 2006 As part of the decoupled process, the price range for OPEN Business Club AG shares (ISIN DE000XNG8888) has been set at Euro 30 to Euro 38 per share. The price range was determined together with the lead managers and underwriters Deutsche Bank and Lehman Brothers on the basis of investor feedback from the management roadshow that started on November 27. The offering consists of up to 2,509,049 shares, made up of up to 1,350,000 new shares from a capital increase and up to 831,781 existing shares from the holdings of the selling shareholders as well as up to 327,268 greenshoe shares from the holdings of the selling shareholders to cover a potential over-allotment. The free float will be approximately 48 percent upon full placement of the offering and full exercise of the greenshoe option. The offer period will last approximately three banking days. It will begin on December 4 and will end on December 6, 2006. On the last day of the offering, retail investors will be permitted to submit bids to purchase shares until 12:00 noon (CET) and institutional investors will be permitted to submit offers until 14:00 (CET). Press Contact: Daniela Hinrichs VP Corporate Communications Gänsemarkt 43 20354 Hamburg Tel. +49 40 419131-19 Fax +49 40 419131-11 daniela.hinrichs@xing.com (c)DGAP 04.12.2006 ————————————————————————— Language: English Issuer: OPEN Business Club AG Gänsemarkt 43 20354 Hamburg Deutschland Phone: +49 (0)40 419 131-10 Fax: +49 (0)40 419 131-11 E-mail: investor-relations@xing.com WWW: www.xing.com ISIN: DE000XNG8888 WKN: XNG888 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard) Notierung vorgesehen / designated to be listed End of News DGAP News-Service —————————————————————————