EANS-Adhoc: Successful 1st half-year 2010 for United Internet

--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

6-month report

26.08.2010

• Sales up 14.1% to EUR 930.8 million.
• EBITDA improves 4.8% to EUR 182.0 million.
• Operative cash flow grows 13.9% to EUR 143.7 million.

Montabaur, August 26, 2010. The Management Board of United Internet
AG (ISIN DE0005089031) today announced the consolidated results
according to IFRS for the first six months of 2010.

Group development

In the first six months of 2010, consolidated sales of United
Internet AG grew by 14.1% from EUR 815.7 million to EUR 930.8
million. Despite high expenses for the current DSL quality drive and
the development of new business fields (together EUR 19.2 million),
consolidated earnings before interest, taxes, depreciation and
amortization (EBITDA) improved by 4.8% from EUR 173.7 million to
EUR 182.0 million.

Due to a scheduled increase in depreciation of EUR 10.8 million
following the acquisition of freenet´s DSL customers, earnings before
interest and taxes (EBIT) were 3.7% down on the previous year at
EUR 142.2 million (prior year: EUR 147.6 million). Earnings per share
(EPS) fell accordingly from EUR 0.36 to EUR 0.34. Operative cash flow
rose by 13.9% from EUR 126.2 million last year to EUR 143.7 million.

|Group development |Jan.-June |Jan.-June |Change |
|Half-year comparison (in EUR million) |2009 |2010 | |
|Sales |815.7 |930.8 |+ 14.1% |
|EBITDA |173.7 |182.0 |+ 4.8% |
|EBIT |147.6 |142.2 |- 3.7% |

Segment development

"Access" segment

In the "Access" segment, sales in the first six months of 2010 grew
by 20.7% to EUR 602.2 million. EBITDA improved by 15.9% to EUR 66.2
million, while EBIT was 4% down on the previous year at EUR 53.2
million due to a scheduled increase of EUR 10.8 million in
depreciation for the acquired freenet DSL customer base.

|Development of Access segment |Jan.-June |Jan.-June |Change |
|Half-year comparison (in EUR million) |2009 |2010 | |
|Sales |498.8 |602.2 |+ 20.7% |
|EBITDA |57.1 |66.2 |+ 15.9% |
|EBIT |55.4 |53.2 |- 4.0% |

Compared to December 31, 2009, the number of fee-based contracts in
this segment remained stable at a total of 3.50 million, of which
3.31 million were DSL contracts. 190,000 complete DSL contracts (of
particular importance for customer retention) were added in the
period under review.

|Customer contracts in Access |June 30, |Dec. 31, |June 30, |
|segment (in million) |2010 |2009 |2009 |
|Access, total |3.57 |3.50 |3.50 |
| of which DSL |3.35 |3.31 |3.31 |
| of which DSL complete |1.57 |1.82 |2.01 |
| of which resale DSL / T-DSL |1.78 |1.49 |1.30 |
| of which narrowband / mobile |0.22 |0.19 |0.19 |

"Applications" segment
In the "Applications" segment, significant investments were made in customer
growth during the first six months of 2010 - the number of fee-based contracts
grew by 290,000 to 5.94 million. In the same period, the number of ad-financed
accounts increased from 26.3 million to over 26.6 million. Growth in this
segment was slowed, however, by the contract conversion of a major customer of
Sedo subsidiary affilinet in late 2009. As a result, the listed subsidiary Sedo
Holding AG (formerly AdLINK Internet Media AG) posted a fall in sales of 22.1%
in the first six months of 2010 - whereas the rest of the segment enjoyed
growth of 11.0%. Against this backdrop, total segment sales therefore grew by
just 3.7% from EUR 316.6 million to EUR 328.2 million. Despite increased
marketing expenses and high development and pre-launch costs for new
applications and further international expansion, segment EBITDA and EBIT
improved by 6.9% to EUR 118.9 million and by 6.1% to EUR 92.3 million,
respectively.

|Development of Applications segment |Jan.-June |Jan.-June |Change |
|Half-year comparison (in EUR million) |2009 |2010 | |
|Sales |316.6 |328.2 |+ 3.7% |
|EBITDA |111.2 |118.9 |+ 6.9% |
|EBIT |87.0 |92.3 |+ 6.1% |

The growth in customer contracts during the first half-year resulted from the
addition of 170,000 new Business Applications contracts (total: 4.18 million)
and 120,000 new Consumer Applications contracts (total: 1.76 million). The
number of customer contracts in foreign markets (UK, France, USA, Spain,
Austria, Switzerland) grew by 130,000 to 2.35 million contracts in the first
six months of 2010.

|Customer contracts in Applications |June 30, |Dec. 31, |June 30, |
|segment (in million) |2009 |2009 |2010 |
|Total fee-based contracts |5.36 |5.65 |5.94 |
| of which domestic |3.29 |3.43 |3.59 |
| of which foreign |2.07 |2.22 |2.35 |
|Ad-financed accounts |25.4 |26.3 |26.6 |

Outlook

In view of the successful development in the first six months of
2010, the company has confirmed its forecasts: consolidated sales are
expected to grow by approx. 15% to EUR 1.9 billion. Despite further
high expenses for the current DSL quality drive and increased
development and marketing costs for new business fields and further
foreign expansion, EBITDA is expected to remain at the record level
of 2009 (EUR 356.1 million - without positive special items).

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: United Internet AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Marcus Schaps

Head of PR

United Internet AG

Elgendorfer Straße 57

56410 Montabaur

Tel: 02602/96-1076

Fax: 02602/96-1013

E-Mail: mschaps@united-internet.de

Internet: www.united-internet.de

Branche: Telecommunications Services
ISIN: DE0005089031
WKN: 508903
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade