Lycos Europe N.V.

euro adhoc: Lycos Europe N.V.
Strategic management decisions
LYCOS Europe N.V. announces the disposal of united-domains AG

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 12.12.2008 Haarlem / Netherlands, December 12, 2008 - LYCOS Europe N.V. ("LYCOS") today announces the disposal of united-domains AG ("the Transaction"). As announced earlier today the Extraordinary Meeting of Shareholders approved inter alia a sale of Lycos´s Domains Business. After the Extraordinary Meeting of Shareholders Lycos has reached an agreement with United Internet regarding a sale of the Domains Business. For this transaction united-domains AG was valued at 34 million euro. The final purchase price will be determined once the 2008 financial statements of united-domains AG are available and based on a reconciliation calculation as of the effective date/Closing. The purchase price will completely be paid in cash and 7 million euro of the purchase price will be put into an escrow account as security for Lycos´s obligations from the sale. The escrow shall be released in 2014 the latest. Closing of the transaction is subject to competition clearance and expected to occur in the first quarter of 2009. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Lycos Europe N.V. Im Internet recherchierbar: Further inquiry note: Jochen Hög Tel.: +49 (0)5241-80-71244 E-Mail: Branche: Software ISIN: NL0000233195 WKN: 932728 Index: Prime All Share, Technologie All Share Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / free trade Börse Hamburg / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse Hannover / free trade Euronext - Paris / free trade Börse München / free trade

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