euro adhoc: ComBOTS AG
WEB.DE AG renamed to ComBOTS AG

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After the successful finalization of the major strategic alliance with the United Internet Group, WEB.DE AG has undertaken further steps to focus on its goal to becoming a world leading company for personal digital communication.

Following the decisions of the annual shareholder meeting, the company has changed its name to ComBOTS AG. Starting immediately, the company will operate only under this new name. The stock listing of the company will be changed to ComBOTS AG in parallel to the switch to registered shares, starting in December.

The alliance with United Internet secured large financial resources for the company’s future growth. Post all transaction effects ComBOTS AG will hold over EUR 390 m. in cash and cash equivalents. This amount includes a strategic equity position of about 10% in United Internet AG, with a present value around EUR150 m.

The alliance, which also established United Internet as the market leading No. 1 portal player in Germany, wins United Internet as a prospective partner for an instant and widespread marketing of the future products of ComBOTS AG.

As part of the Alliance, Matthias Greve, co-founder and board member in charge of the company’s portal business for the past years moves to the board of United Internet 1&1 Internet AG where he will head United Internets combined portal business. The actual relocation of the portal business, including employees and IT, from the company’s premises in Karlsruhe to 1&1 offices and data centres is underway and expected to be finalized in early 2006, concluding the execution of the transaction.

In line with the alliance and the strategic focus of the company, Michael Greve, co-founder and board member in charge of the company’s personal digital communication business for the past years has been named new Chairman of the Executive Board.

@@start.t2@@end of announcement                                                 euro adhoc 16.11.2005 08:00:01

ots Originaltext: WEB.DE AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Silvia Teschner
Junior Referentin IR
Tel.:  +49 (0)721 5160 0
E-Mail: ste@combots.com

Branche: Online
ISIN:      DE0005296503
WKN:        529650
Index:    TecDAX, HDAX, Midcap Market Index, Prime All Share, CDAX
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade

Weitere Meldungen: WEB.DE AG

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