euro adhoc: other / Change in participation agreement with Drillisch concerning freenet AG

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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29.11.2007

Change in participation agreement with Drillisch concerning freenet
AG

Montabaur, November 29, 2007. In an ad hoc announcement dated
September 21, 2007, United Internet AG (ISIN DE0005089031) reported
that it was acquiring a 50% stake in MSP Holding GmbH, which directly
holds approx. 6.01% of shares in freenet AG, Büdelsdorf, and has the
right to acquire a further approx. 18.49% of freenet shares. The
other 50% of MSP Holding GmbH is held by Drillisch AG.

United Internet AG and Drillisch AG have now agreed that Drillisch AG
will contribute its directly held shareholding of approx. 4% in
freenet AG to MSP Holding GmbH, so that it will subsequently hold
more than 10% of the capital stock of freenet AG. The holding company
will not exercise its right to indirectly acquire via an investment
company a further approx. 18.49% of freenet shares from a third
party.

With this (indirect) investment in freenet AG, United Internet
continues to pursue a strategic positioning as part of the expected
consolidation of the German DSL market. United Internet and Drillisch
are thus keeping all options open, especially with regard to a
further increase in their stake in freenet AG.

end of announcement euro adhoc 29.11.2007 02:35:54
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ots Originaltext: United Internet AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Marcus Schaps
Head of Press and Public Relations
United Internet AG
Elgendorfer Strasse 57
56410 Montabaur
Germany
Tel: +49 2602/96-1076
Fax: +49 2602/96-1013
E-mail: mschaps@united-internet.de
Internet: www.united-internet.de

Branche: Telecommunications Services
ISIN: DE0005089031
WKN: 508903
Index: TecDAX, Technologie All Share, HDAX, Midcap Market Index,
Prime All Share, CDAX
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