Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.

18 Nov. 2002 - (The pre-tax result of the first 9 months 2002 has
been corrected: It amounts to EUR -0.08 mill.) In the third quarter
2002, OnVista AG (DE0005461602) again met its targets and further
improved its profit performance under continued difficult market
conditions. In Q3/02, EBITDA totalled Euro 0.46 mill. (Q3/01: Euro
-0.93 mill.). EBIT improved to Euro -0.22 mill. (Q3/01: Euro -1.47
mill.). The  pre-tax group result (EBT) amounted to Euro 0.14 mill.
compared to Euro -1.18 mill. in Q3/01. The after-tax result was also
positive, totalling Euro 0.03 mill. (Q3/01: Euro -0.96 mill.).

In the 9 months period as a whole, EBITDA totalled Euro 0.77 mill. (9
mths/01: Euro -2.21 mill.) and EBIT Euro -1.11 mill. (9 mths/01: Euro
-4.74 mill.). OnVista recorded a pre-tax group result of Euro -0.08
mill. (9 mths/01: Euro -6.76 mill.). The after-tax result improved
from Euro -6.50 mill. in 9 mths/01 to Euro -0.25 mill. in the 9
months period of 2002.

In the first 3 quarters of 2002, group sales amounted to Euro 8.58
mill. compared to Euro 9.17 mill. in 9 mths./01 (-6.5%). The total
income from operating activities, including additional income from
licensing agreements under the balance sheet item ‘other operating
income’ (Euro 0.87 mill.), amounted to Euro 9.44 mill., slightly
exceeding the figures recorded in the same period last year.

The positive performance is directly attributable to cost savings in
the amount of Euro 1.82 mill. (-14%) to Euro 11.02 mill. (9 mths/01:
Euro 12.84 mill.).

In the first 9 months of 2002, cash flow was positive, totalling Euro
0.81 mill., in contrast to the same period last year (Euro -6.45
mill.). As at 30 Sep. 2002, cash and cash equivalents increased to
Euro 28.14 mill. (31.12.2001: Euro 27.27 mill.). The cash value per
share rose to Euro 4.17 (31.12.2001: Euro 4.07).

Annual projection 2002: As expected, cash flow will remain positive,
EBITDA positive in the lower region of single digit mill., EBIT
negative, in the lower region of single digit mill., pre-tax group
result moderately positive. The after-tax result under US GAAP will
be negative in the lower region of single digit mill., as a result of
the write-back of prepaid deferred taxes arising from the spin-off of
2 business segments into OnVista Media GmbH and OnVista Technologies
GmbH respectively. This is a one-off, purely technical measure
without any material effect on the economic position of the company.
No taxes will actually be paid and the liquidity position will not be
affected. The only key figure affected hereby is the after-tax result
under US GAAP in 2002.

Group results under US GAAP; detailed press release:
www.onvista-ag.de, under ‘Press’; full Q3/2002 report:
www.onvista-ag.de, under 'Investor Relations'.

end of announcement        euro adhoc 18.11.2002

Further inquiry note:

S. Bohlmann, IR, Tel. +492203/9146-220, ir@onvista.de, A. Seipp, PR, Tel.-306,
presse@onvista.de

Branche: Computing & Information Technology
ISIN: DE0005461602
WKN: 546160
Index: Nemax
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
Niedersächsische Börse zu Hannover / free trade
Frankfurter Wertpapierbörse / Neuer Markt