euro adhoc: Lycos Europe N.V. / Strategic management decisions / LYCOS Europe N.V. to sell its investment in Seznam.cz, a.s. for a consideration of EUR 65 million

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Company Information

02.04.2007

Haarlem / Netherlands, April 02, 2007 - LYCOS Europe, one of the
leading European portal providers and online advertisers, today
agreed with Tiger Holding Four S.à.r.l and Miura International
S.à.r.l. about the sale of its investment in Seznam.cz, a.s
("Seznam"), a portal provider based in Prague, Czech Republic.

LYCOS’ investment represents 30 percent of the share capital in
Seznam and is accounted for as an available-for-sale financial
instrument with a carrying amount of EUR 69 thousand. Both parties
together will take over all of LYCOS’ shares for a consideration of
EUR 65 million in cash. The parties expect to close the transaction
within 10 business days. The impact on the cash position and net
income of LYCOS Europe is expected to be equal to the consideration
deducted by transaction costs and the investments carrying amount.

About Lycos Europe Lycos Europe (ISIN NL0000233195) is one of the
leading European internet destinations operating a pan-European
network of websites in seven languages. The company's combination of
search, communication services, content channels, Internet access,
homepage building and online communities addresses a wide range of
target groups. The Lycos Europe Network provides an attractive medium
not only for consumers but also for advertisers and e-commerce
partners throughout Europe. Every month about 31 million users visit
the Lycos sites and by Lycos Europe distributed partner sites in
Europe. With a network of websites covering Austria, Denmark, France,
Germany, Great Britain, Italy, the Netherlands, Spain, and
Switzerland, Lycos Europe has a large geographical reach in Europe.

end of announcement euro adhoc 02.04.2007 17:01:41
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ots Originaltext: Lycos Europe
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
LYCOS Europe
Analyst Relations
Sascha Wittler
T: +49-(0)5241-80-71134
F: +49-(0)5241-80-671134
E: sascha.wittler@lycos-europe.com

Heike Meyer
Public Relations Manager
Telefon: +49(0)5241-80-71051
E-Mail: heike.meyer@lycos-europe.com

Branche: Software
ISIN: NL0000233195
WKN: 932728
Index: Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Euronext - Paris / free trade
Bayerische Börse / free trade


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