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euro adhoc: Tomorrow Focus AG
Mergers - Acquisitions - Takeovers
TOMORROW FOCUS Acquires Further 29 Percent of HolidayCheck AG

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Company Information
Ad Hoc Announcement
TOMORROW FOCUS Acquires Further 29 Percent of HolidayCheck AG
High Contribution of Income Due to Growing Online Travel Business
Munich, August 16, 2007 - TF Beteiligungs GmbH, a wholly owned 
subsidiary of TOMORROW FOCUS AG, acquired a further 29 percent of the
Swiss travel portal HolidayCheck AG for the amount of EUR 28.2 
million. The shares taken over were held by Burda Digital Ventures 
GmbH in Munich. From September 1, 2007, TOMORROW FOCUS AG will own 80
percent of HolidayCheck AG. The purchase price covers subscription 
rights for accumulated earnings and cash.
Call and put options have been agreed upon in 2006 for the remaining 
20 percent interest. Upon exercising the options, TOMORROW FOCUS AG 
will wholly own HolidayCheck AG.
HolidayCheck was established in 2003 and operates the leading opinion
portal for travel and vacations of the same name. With 6.2 million 
visits and 165 million page impressions per month, HolidayCheck ranks
among the most popular travel sites within the German-speaking 
region. The central feature of the business operations is a 
hotel-rating database as well as an extensive archive of photos, 
videos and information made available and maintained by the users. 
HolidayCheck has its own TÜV-certified online travel agency which 
guarantees the lowest prices. The internationalization initiated in 
2006 is progressing quite well. The English, Spanish, French and 
Polish HolidayCheck platforms attract more than 100,000 visitors per 
Stefan Winners, CEO of TOMORROW FOCUW AG commented, "HolidayCheck AG 
has progressed very well in the past 12 months. Due to the increased 
holding, the contribution to the operating income and EPS of TOMORROW
FOCUS AG will improve significantly. Now, it is time to develop an 
international positioning in Europe in order to become one of the top
3 players in the European online travel industry."
end of announcement                               euro adhoc 16.08.2007 15:50:07

Further inquiry note:

Ariane Meynert
Tel.: +49 (0)89 9250 1256

Branche: Software
ISIN: DE0005495329
WKN: 549532
Index: CDAX, 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
Börse München / free trade

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