EANS-Adhoc: Kizoo AG / Ad hoc disclosure according to § 15 WpHG (German Securities Trading Act) - Kizoo AG submits financial statements for fiscal 2008

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annual report

25.03.2009

Karlsruhe, March 25, 2009. Kizoo AG (ISIN: DE000CMBT111) adopted its
financial statements and consolidated financial statements for fiscal
2008 today.

On a group level Kizoo AG closes fiscal 2008 with a net loss for the
year of EUR 8.4 million (prior year: EUR -36.6 million). This was
primarily influenced by the result from discontinued business lines
of EUR -5.1 million (prior year: EUR -38.1 million). It included the
running costs as well as the unscheduled depreciations of the
business lines "Real Estate" and "Data Center Operation" which will
not be continued. Kizoo intends to focus in future fully on the
business line Technology Ventures, i.e. investment in young
technology companies and development of own products and services,
more particularly in the fields of online services and communication
products.

Despite the reduction in capital resources in 2008 due to a special
dividend and share buybacks (totaling EUR 70.5 million), the
consolidated balance sheet continues to be strongly marked by
extensive financial investments. For the shareholding of still 8.8%
(= 22.2 million shares) in United Internet AG extraordinary strong
share price losses (-62% versus the end of prior year to EUR 6.29 per
share; prior year: +33%) were posted in 2008, driven by the
disruptions on the financial markets. Taking into account 1 million
shares sold at a profit in 2008 (proceeds of EUR 13.8 million), the
value of the shares held (EUR 139.6 million) amounts at present more
or less to the original purchase price of the block of shares in
October 2005. The total financial income amounts to EUR 2.5 million
(prior year: EUR 8.2 million); it was impaired by losses on sales and
write-offs of fixed-interest securities, triggered by the financial
crisis. After the shift in financial assets carried out in Q4/2008 to
reduce the dependency on the financial markets, cash assets in the
amount of EUR 26.9 million (other securities: EUR 29.1 million) were
held at the end of fiscal 2008.

For fiscal 2009 the Group anticipates a stable cost level throughout
the year totaling EUR 4 to 5 million, which is likely to be further
reduced after the completion of the realization measures for assets
which are no longer required. The break-even point of the Group
depends to a decisive extent on the financial income and hence
directly on the dividend policy of United Internet AG (prior year:
EUR 4.4 million) as well as income from other financial investments.
The Executive Board and the Supervisory Board will make the proposal
to the Annual General Meeting that the balance sheet profit of Kizoo
AG shall be fully carried forward.

Appendix: Table Group (IFRS)

|in EUR million |2008 |2007 |
|General administration costs |(5.5) |(4.2) |
|Research and development costs |(0.3) | 0 |
|Operating income from the continued business |(5.8) |(4.2) |
|lines | | |
|Financial income |15.2 | 8.2 |
|Financial expenses |(12.7) | 0 |
| | | |
|Financial result |2.5 | 8.2 |
|Tax income (expenses) |0 | (2.6)|
|Profit/loss from continued business lines |(3.3) | 1.5 |
|Profit/loss from discontinued business lines |(5.1) |(38.1)|
| | | |
|Net loss for the year |(8.4) |(36.6)|
| | | |
|Net loss for the year per share (in euro) |(0.26) |(1.05)|
| | | |
|Liquid assets and other securities (incl. |195.6 |515.9 |
|United Internet shares) | | |
|Shareholders' equity |205.4 |528.6 |
|Balance sheet total |217.0 |548.4 |
|Balance sheet profit of Kizoo AG (German |90.1 |241.1 |
|Commercial Code) | | |

The complete Annual Report 2008 will be available on March 26, 2009
on www.kizoo.com/reports.

end of announcement euro adhoc
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ots Originaltext: Kizoo AG
Im Internet recherchierbar: http://www.presseportal.de

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
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