Ad-hoc | 13 November 2001 08:15

United Internet AG english

Positive EBITDA of EUR 4.7 million in Q3 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Positive EBITDA of EUR 4.7 million in Q3 United Internet optimizes investment portfolio Montabaur, November 13, 2001 – United Internet AG is optimizing its portfolio of affiliates. The company is set to take over 100 percent of shares in its profitable core businesses 1&1 Internet, twenty4help and GMX as a part of a non- cash contribution of management shares against the issue of 5.2 million new United Internet shares. Profit transfer agreements are to be signed retroactively as of January 1, 2001 between United Internet, 1&1 Internet and twenty4help. The company posted total sales of EUR 51 million (previous year: EUR 47.4 million) and a positive EBITDA of EUR 4.7 million (previous year: EUR -1.1 million) in the third quarter. The negative EBT of EUR – 25.8 million (previous year: EUR -10.9 million) resulted mainly from one-off special depreciation allowances of EUR 21.2 million. The loss-making minority holdings were written down to zero, with the exception of the listed company jobpilot AG. A strategic partner has been found in DoubleClick Inc., New York, for the affiliate AdLINK Internet Media AG. AdLINK has agreed to acquire the European media business of DoubleClick for a value of EUR 30.5 million in cash in addition to assuming certain liabilities. At the same time DoubleClick and United Internet agreed to an option for 15 percent of AdLINK’s shares in exchange for EUR 35.5 million. This option can be exercised by United Internet between January 15, and March 31, 2002 and would result in an extraordinary income of EUR 25.7 million. When this option is exercised, DoubleClick will then receive an option, exercisable under certain conditions, to acquire an additional 21% of AdLINK stock from United Internet at no additional cost. In order to ensure equal treatment of all AdLINK shareholders, United Internet will make a public purchase offer of EUR 3.83 per share to AdLINK’s shareholders for 37.13% of their respective shares. The agreements are subject to approval by an Extraordinary Shareholders’ Meeting to be held by AdLINK. Marcus Schaps United Internet AG Press Spokesman Tel.: 0049/2602/961076 end of ad-hoc-announcement (c)DGAP 13.11.2001 ——————————————————————————– WKN: 508903; Index: NEMAX50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Stuttgart, München, Berlin, Bremen, Hamburg, Düsseldorf und Hannover 130815 Nov 01