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Friday 12 December, 2008

Lycos Europe N.v.

LYCOS Europe N.V. announces the disposal of uni...

PR Newswire/euro adhoc/
euro adhoc: Lycos Europe N.V. / Strategic management decisions / LYCOS Europe
N.V. announces the disposal of united-domains AG

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


Haarlem / Netherlands, December 12, 2008 - LYCOS Europe N.V. ('LYCOS') today
announces the disposal of united-domains AG ('the Transaction').

As announced earlier today the Extraordinary Meeting of Shareholders approved
inter alia a sale of Lycos´s Domains Business. After the Extraordinary Meeting
of Shareholders Lycos has reached an agreement with United Internet regarding a
sale of the Domains Business.

For this transaction united-domains AG was valued at 34 million euro. The final
purchase price will be determined once the 2008 financial statements of
united-domains AG are available and based on a reconciliation calculation as of
the effective date/Closing. The purchase price will completely be paid in cash
and 7 million euro of the purchase price will be put into an escrow account as
security for Lycos´s obligations from the sale. The escrow shall be released in
2014 the latest.   

Closing of the transaction is subject to competition clearance and expected to
occur in the first quarter of 2009.

Further inquiry note:
Jochen Hög
Tel.: +49 (0)5241-80-71244
E-Mail: [email protected]

emitter:      Lycos Europe N.V.
              Richard Holkade 36
              NL-2033 PZ Haarlem
phone:        +49 (0)524180 71000
FAX:          +49 (0)524180 71450
mail:         [email protected]
sector:       Software
ISIN:         NL0000233195
indexes:      Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
              Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse 
              Börse Hannover, Euronext - Paris, Börse München 
language:     English
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