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Kizoo AG - Q3 Report for Fiscal 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
9-month report
23.10.2008
Karlsruhe, October 23, 2008.  Kizoo AG (ISIN: DE000CMBT111), 
Karlsruhe, today published its results for the third quarter of 
fiscal 2008. The newly formulated Technology Venture strategy which -
apart from the traditional focal areas - intends to invest in young 
technology companies was executed for the first time with an 
investment in the language learning portal Babbel.com during the 
third quarter.
Furthermore, the third quarter was marked so far by the impact of the
financial crisis merely on the balance sheet and not on the income 
statement. This had a considerable adverse effect on the 
shareholders' equity reported in accordance with IFRS (EUR 247.4 
million, equity ratio 95.1%).  The value of the shareholding in 
United Internet decreased by EUR 109.7 million during the third 
quarter.  The company sees a significant upside potential and intends
to hold its shareholding until the financial markets have recovered 
considerably. Concerning the remaining portfolio of liquid assets and
other securities (carrying value EUR 64 million) senior management 
sees, against the backdrop of the current situation three weeks after
the end of the quarter, a write-off risk of up to EUR 12 million 
following the creditworthiness and issuer risks triggered by the 
financial crisis. If these write-off risks were to materialize, this 
would have a corresponding impact on the planned net income for the 
year.
The earnings before tax for the first three quarters 2008 amounted to
EUR 8.5 million (Q1-Q3/2007: EUR 2.2 million).  During the third 
quarter, the EBIT was EUR -1.6 million and had hence improved, as 
planned, versus the prior quarter (EUR -1.7 million).
With depreciations and amortizations of EUR 1.8 million during the 
first three quarters 2008, the EBITDA, ie the earnings before 
interest, taxes, depreciation and amortization, amounts to EUR -4.1 
million (Q1 - Q3/2007: EUR -20.9 million).  On a quarter-on-quarter 
comparison basis the EBITDA for Q3/08 was EUR -1.1 million (Q2/2008: 
EUR -1.1 million; Q3/2007: EUR -9.1 million).
Annex:  Table
|In EUR million                                  |Q3/08|Q3/07 |Q1-Q3|Q1-Q3 |
|                                                |     |      |/08  |/07   |
|General administrative costs                    |(1.6)|(1.9) |(5.2)|(4.9) |
|Operating income from the continuing business   |(1.6)|(1.9) |(5.2)|(4.9) |
|line                                            |     |      |     |      |
|Financial result                                |0.6  |1.2   |13.7 | 7.1  |
|Tax income (expenses)                           |0    |(1.1) |0    |(1.2) |
|Profit / loss from continuing business lines    |(1.1)|(1.8) |8.5  | 1.1  |
|Profit / loss from the discontinued product line|0    |(16.8)|(0.7)|(30.1)|
|"ComBOTS"                                       |     |      |     |      |
|Result for the period                           |(1.1)|(18.5)|7.7  |(29.1)|
|                                                |     |      |     |      |
|Earnings per share for the period (in EUR)      |(0.03|(0.53)|0.24 |(0.83)|
|                                                |     |      |     |      |
|Liquid assets and other securities (UI shares   |232.3|510.0 |232.3|510.0 |
|included)                                       |     |      |     |      |
|Shareholders' equity                            |247.4|525.0 |247.4|525.0 |
|Balance sheet total                             |260.2|545.1 |260.2|545.1 |
The full quarterly report is available for download under
http://www.kizoo.com/en/reports.
end of announcement                               euro adhoc

Further inquiry note:

Silvia Teschner
Investor Relations
Tel. +49 721 5160 2701
investor.relations@kizoo.com

Branche: Online
ISIN: DE000CMBT111
WKN: CMBT11
Index: CDAX, Prime 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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