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media[netCom] AG

euro adhoc: media[netCom] AG
media[netCom] has Asia firmly in its sights (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Ad hoc announcement in compliance with §15 WpHG (German law governing
trading in securities)
media[netCom] has Asia firmly in its sights
Legacy problems will be settled within the scope of integration
Hanover (22.01.2003); media[netCom] will shortly be experiencing
expansion into the Asian markets. The company sees here great
potential for the services on offer from the leading provider of
digital market-places for entertainment and adult fare. Thanks to the
central significance of this economic area for the build-up in
activities, Klaus Helbert will personally assume responsibility. In
the last few months Helbert has already held definitive talks with
them and will distinctly widen his presence on the spot in future.
The provisional figures for the 3rd quarter of the media[netCom]
2002/2003 financial year, which has just ended, indicate that they
will be lower than anticipated. Whereas the Visual Added-Value
Services business unit developed with relative stability, the Voice
Added-Value Services business unit has failed to achieve its target
earnings as a result of extraordinary factors. The third quarter
closed with an EBITDA loss for the period amounting to EUR 1.4
million due in particular to billbacks in the telephone sector. 
To remedy this temporary setback to the business development, a
package of measures to improve results and earnings in the telephone
sector has already been implemented. In addition to reducing costs,
this package contains in the first instance an extension to the
product mix. Here, mention can be made of premium SMS/MMS for mobile
services, pre-call numbers and innovations in telephone marketing
amongst others. As a consequence of these measures, the Voice
Added-Value Services have once more been recording distinctly
positive figures since the beginning of this year. That is why
media[netCom] is now reckoning on an increase in earnings from
ordinary activities before interest, tax, depreciation and
amortisation to EUR 4.5 million (against - EUR 9.1 million last year)
for the 2002/03 financial year (as at 31 March). The figures included
for the INTERNOLIX Group only cover a period of seven months.
Within the scope of integrating the companies, there will also be a
re-evaluation of the assets of the various companies. In particular
in respect of previous business of media[netCom] and INTERNOLIX, in
the light of the original business which is progressing only very
slowly, corrective measures have to be undertaken in the assets of
former participations and in the film exploitation rights. These are
of an extraordinary character. The effect on earnings amounts to EUR
16 million but will not lead to any outflow in cash and cash
equivalents.
Further information can be obtained from:
media[netCom] AG
Investor Relations
Unter den Eichen 5, D-65195 Wiesbaden
Tel:  0611 / 71 61-110, Fax: 0611 / 71 61-117
Mail:  ir@media-netcom.de
end of announcement        euro adhoc 22.01.2003

Further inquiry note:

Cornelia Poebing-Taboubi Tel.: +49 (0) 611 7161 110 E-Mail:
cornelia.poebing@media-netcom.de

Branche: Computing & Information Technology
ISIN: DE0005423800
WKN: 542380
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Hamburger Wertpapierbörse / free trade
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Frankfurter Wertpapierbörse / Neuer Markt