Ad-hoc | 30 November 2004 08:35

Travel24.com AG: capital increase and structured sales process

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Travel24.com AG: capital increase and structured sales process Munich, 30. November 2004 – The Board of Management of Travel24.com AG has decided, with the approval of the Supervisory Board, to implement a further capital increase for cash, thus increasing the share capital by up to 1.25m to up to 15m shares. This capital increase will be carried out to the exclusion of subscription rights. The shares will be placed at a price of EUR 1.00. The registration with the Commercial Registry and the listing of the new shares will be filed for shortly. The Board of Management of Travel24.com AG has reported to the Supervisory Board on talks held over the past few months with third parties interested in taking on a larger holding in Travel24.com AG shares. The results from these talks and the currently depressed share price persuaded both Board of Management and Supervisory Board of Travel24.com AG that a substantial increase in the company value and in the shareholder value will be achieved by placing Travel24.com AG in the context of a new strategic investor. Against this background, the Supervisory Board has authorized the Board of Management to submit suitable proposals to the shareholders of Travel24.com AG within the next 6 to 9 months by means of a structured sales process and to mandate an investment bank to this end. To secure this process, the Supervisory Bard further authorizes the Board of Management to issue a graded loan in an amount of up to EUR 3,000,000. The terms and conditions of this financing will be along the lines of the convertible loan issued in 2003 and will include the 1.2m shares in contingent capital authorized by the shareholders’ meeting in 2004. end of ad-hoc-announcement (c)DGAP 30.11.2004 ——————————————————————————– WKN: 748750; ISIN: DE0007487506; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, München und Stuttgart 300835 Nov 04