euro adhoc: quarterly or semiannual financial statement / LYCOS Europe N.V. - Revenue decline caused despite cost reduction an EBITDA of EUR (6.2) million

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quaterly report

29.04.2008

Haarlem / Netherlands, April 29, 2008 - LYCOS Europe N.V. ("LYCOS"),
one of the leading European portal providers and online advertisers,
today published its unaudited condensed consolidated interim
financial statements for the first three months of 2008.

Revenues of EUR 16.2 million generated during the first three months
of 2008 decreased compared to the reference period in 2007 (EUR 20.0
million). The EBITDA for the first three months of 2008 amounted to
EUR (6.2) million (2007: EUR (2.3) million). Operating expenses were
reduced by EUR 1.4 million to EUR (15.1) million compared with the
first three months of 2007. This cost reduction could not compensate
the decrease in revenues.

Cash, cash equivalents and other investments amount to EUR 149.4
million as at March 31, 2008. The cash ratio of 4.7 (cash, cash
equivalents and other investments divided by total liabilities) shows
the continuous strong financial position of LYCOS Europe.

| | |Three |Three |Change |
| | |months |months | |
| | |ended |ended | |
| | |March 31, |March 31, | |
| | |2008 |2007 | |
| | |(unaudited)|(unaudited)| |
| | | | | |
|Revenues |in mln EUR |16.2 |20.0 |(19)% |
|EBITDA |in mln EUR |(6.2) |(2.3) |>(100)% |
|EBIT |in mln EUR |(7.3) |(3.8) |(92)% |
|Net profit/(loss) |in mln EUR |(5.9) |7.6 |>(100)% |
| | | | | |
|Earnings per share |in EUR |(0.02) |0.02 |>(100)% |
|(diluted and | | | | |
|undiluted) | | | | |

Product offensive will remain the main focus for the next future to stabilize

the traffic further. This is the prerequisite to strengthen the
advertising revenues. Beside this any actions will be taken to make
the new shopping guide portal "decido" a success story. Additionally,
the focus will be on a tight cost management.

###

About Lycos Europe Lycos Europe (ISIN NL0000233195) is one of the
leading European portal providers and online advertisers 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, shopping, homepage building and domain
names registration addresses a wide range of target groups.

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

Further inquiry note:

For further information, please contact:

|LYCOS Europe |LYCOS Europe
|Investor Relations |Public Relations

|Sebastian Giese |Frauke Riva

|T: +49-(0)5241-80-71135 |T: +49-(0)5241-80-71050

|F: +49-(0)5241-80-671135 |F: +49-(0)5241-80-671050

|E: sebastian.giese@lycos-europe.com |E: frauke.riva@lycos-europe.com

Branche: Software
ISIN: NL0000233195
WKN: 932728
Index: Prime All Share, Technologie All Share
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
Euronext - Paris / free trade
Börse München / free trade