United Internet AG

EANS-Adhoc: United Internet sells its directly held freenet shares

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26.08.2009

In an over-the-counter transaction, United Internet AG (ISIN DE0005089031) today sold the 10,798,817 shares (corresponding to 8.43% of voting rights) which it held directly in freenet AG, Büdelsdorf. The proceeds from the sale amounted to EUR 93.95 million, corresponding to a price of EUR 8.70 / share.

United Internet expects to post an extraordinary income from the sale of the freenet shares. Contrary to this positive result, it is currently expected that the carrying value of shares held by United Internet in Versatel will be written down in the third quarter due to the falling market price of Versatel shares. The size of the write-down will depend on the closing Xetra price of the Versatel AG share on September 30, 2009. As of the current date, United Internet expects the two aforementioned divergent effects to result in an extraordinary positive income of around EUR 20 million in the third quarter of 2009.

Together with Drillisch AG, Maintal, United Internet continues to hold 12,751,183 shares (corresponding to 9.96% of voting rights) in freenet AG via the jointly held company MSP Holding GmbH, in which each company holds a 50% stake. In addition, Drillisch AG holds shares in freenet AG. The contractual voting commitment between United Internet and Drillisch remains unchanged, so that the share of voting rights held by United Internet AG still about 17 % after the sale of the freenet shares it held directly.

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ots Originaltext: United Internet AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Marcus Schaps
Head of Press and Public Relations
United Internet AG
Elgendorfer Strasse 57
56410 Montabaur
Germany
Tel: +49 2602/96-1076
Fax: +49 2602/96-1013
E-mail: mschaps@united-internet.de
Internet: www.united-internet.de

Branche: Telecommunications Services
ISIN:      DE0005089031
WKN:        508903
Index:    Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
              Technologie All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              Hannover / free trade
              München / free trade



Weitere Meldungen: United Internet AG

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