asknet AG announces creation of wholly-owned Japanese subsidiary asknetKK

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Karlsruhe (euro adhoc) - 4 June 2008 - At its second ordinary
shareholders´ meeting on 30 May 2008 in Karlsruhe, asknet AG
announced the creation of a fully-owned subsidiary in Japan. The aim
is the continued expansion of business in Japan and Asia. With the
creation of the new company asknetKK, asknetBB which originated from
the joint venture with SOFTBANK BB Corp. will be dissolved within the
next 12 months. The strategic partnership with the SoftBank Group is
to be continued also in future in the areas of payments, logistics
and customer service.

All agenda items for the shareholders´ meeting were decided with a
majority of 99.99% or 100%. The confidence in all six members of the
supervisory board was also confirmed by their unanimous reelection.

The agenda item "Stock Option Plan" and the related conditional
capital increase totaling EUR 350,000.00 were also approved with a
large majority. With this step, asknet AG intends to set up a
competitive and attractive element of remuneration to recruit and
retain top performers in Europe and the US. The additional benefit
for employees is their participation in the company´s success - for
shareholders it means an increase in the company´s value. The
exercise of the options is conditional upon performance objectives
(EBIT margin) being realized over several years.

About asknet: asknet AG, (Frankfurt A5A) leading in Global eCommerce,
accelerates eSales for publishers in the digital marketplace. Since
1995, the company has developed a robust eCommerce platform for
customers around the world. As media is rapidly transitioning to
digital formats, the marketing, sales, distribution, and services of
these products are also moving online. The ever expanding reach from
fixed and mobile customers all around the globe is pushing companies
to perfect their eDistribution. asknet delivers an instant online
distribution channel to its customers. For additional information,
please visit www.asknet.com.

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

Further inquiry note:

asknet AG

Daniela Simon

Phone: +49/721/96458-6112

E-Mail: daniela.simon@asknet.de

Branche: Electronic Commerce
ISIN: DE0005173306
WKN: 517330
Börsen: Börse Frankfurt / free trade/entry standard