euro adhoc: Lycos Europe N.V. / Annual & Special Corporate Meetings / Annual General Meeting 2007 of LYCOS Europe N.V.

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Company Information

24.05.2007

Haarlem / Netherlands, 24 May 2007 - At the Annual General Meeting of
LYCOS Europe N.V. (ISIN NL0000233195) which was held today in
Amsterdam the company´s shareholders approved the business policy of
the Supervisory Board and Management Board. In total some 69.84 per
cent of the 311,576,344 ordinary voting shares were represented.

The Annual General Meeting established the annual financial statement
2006 and the net profit of EUR 1,704,000 was netted with the
cumulated deficits contained in the other reserves. KPMG Accountants
N.V., Amstelveen, was appointed as auditors for the 2007 financial
year. The General Meeting of shareholders released the Supervisory
Board and the Management Board from liabilities for their duties for
the financial year 2006.

The Annual General Meeting of LYCOS Europe also reappointed Rolf
Buch, 42, as a member of the Supervisory Board for further four
years. Mr. Rolf Buch is a member of the Executive Board of
Bertelsmann´s Arvato service division and is Executive Chairman of
Arvato Direct Services.

The Management Board was also given authorisation to issue shares on
behalf of the company, to grant subscription rights in respect of
these shares and to limit or exclude the subscription rights to such
shares. At the same time, the Management Board was given
authorisation to repurchase ten percent of the issued capital through
the company with the aim of increasing the Management´s commercial
flexibility.

Finally the Annual General Meeting approved the sale of the shares in
Seznam cz, a.s (amounting to 30 % of the share capital) held by LYCOS
Europe N.V. for a price of EUR 65 mln.

About Lycos Europe Lycos Europe (ISIN NL0000233195) is one of the
leading Internet destinations operating a network of websites in
seven languages in Europe and the USA. The company's combination of
search, communication services, online communities, content channels,
Internet access, shopping, homepage building and domain names
registration 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. Every month about
38 million users visit the Lycos Europe sites and also partner sites
distributed by Lycos Europe. With a network of websites covering
Austria, Denmark, France, Germany, Great Britain, Italy, the
Netherlands, Spain, Switzerland and the USA, Lycos Europe has a large
geographical reach in Europe and Northern America.

end of announcement euro adhoc 24.05.2007 15:29:29
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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

LYCOS Europe
Public Relations
Heike Meyer
T: +49-(0)5241-80-71051
F: +49-(0)5241-80-671051
E: 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
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