euro adhoc: Kizoo AG / Financial Figures/Balance Sheet / Kizoo AG - Q3 Report for Fiscal 2008

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9-month report

23.10.2008

Karlsruhe, October 23, 2008. Kizoo AG (ISIN: DE000CMBT111),
Karlsruhe, today published its results for the third quarter of
fiscal 2008. The newly formulated Technology Venture strategy which -
apart from the traditional focal areas - intends to invest in young
technology companies was executed for the first time with an
investment in the language learning portal Babbel.com during the
third quarter.

Furthermore, the third quarter was marked so far by the impact of the
financial crisis merely on the balance sheet and not on the income
statement. This had a considerable adverse effect on the
shareholders' equity reported in accordance with IFRS (EUR 247.4
million, equity ratio 95.1%). The value of the shareholding in
United Internet decreased by EUR 109.7 million during the third
quarter. The company sees a significant upside potential and intends
to hold its shareholding until the financial markets have recovered
considerably. Concerning the remaining portfolio of liquid assets and
other securities (carrying value EUR 64 million) senior management
sees, against the backdrop of the current situation three weeks after
the end of the quarter, a write-off risk of up to EUR 12 million
following the creditworthiness and issuer risks triggered by the
financial crisis. If these write-off risks were to materialize, this
would have a corresponding impact on the planned net income for the
year.

The earnings before tax for the first three quarters 2008 amounted to
EUR 8.5 million (Q1-Q3/2007: EUR 2.2 million). During the third
quarter, the EBIT was EUR -1.6 million and had hence improved, as
planned, versus the prior quarter (EUR -1.7 million).

With depreciations and amortizations of EUR 1.8 million during the
first three quarters 2008, the EBITDA, ie the earnings before
interest, taxes, depreciation and amortization, amounts to EUR -4.1
million (Q1 - Q3/2007: EUR -20.9 million). On a quarter-on-quarter
comparison basis the EBITDA for Q3/08 was EUR -1.1 million (Q2/2008:
EUR -1.1 million; Q3/2007: EUR -9.1 million).

Annex: Table

|In EUR million |Q3/08|Q3/07 |Q1-Q3|Q1-Q3 |
| | | |/08 |/07 |
|General administrative costs |(1.6)|(1.9) |(5.2)|(4.9) |
|Operating income from the continuing business |(1.6)|(1.9) |(5.2)|(4.9) |
|line | | | | |
|Financial result |0.6 |1.2 |13.7 | 7.1 |
|Tax income (expenses) |0 |(1.1) |0 |(1.2) |
|Profit / loss from continuing business lines |(1.1)|(1.8) |8.5 | 1.1 |
|Profit / loss from the discontinued product line|0 |(16.8)|(0.7)|(30.1)|
|"ComBOTS" | | | | |
|Result for the period |(1.1)|(18.5)|7.7 |(29.1)|
| | | | | |
|Earnings per share for the period (in EUR) |(0.03|(0.53)|0.24 |(0.83)|
| | | | | |
|Liquid assets and other securities (UI shares |232.3|510.0 |232.3|510.0 |
|included) | | | | |
|Shareholders' equity |247.4|525.0 |247.4|525.0 |
|Balance sheet total |260.2|545.1 |260.2|545.1 |

The full quarterly report is available for download under
http://www.kizoo.com/en/reports.

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

Further inquiry note:

Silvia Teschner

Investor Relations

Tel. +49 721 5160 2701

investor.relations@kizoo.com

Branche: Online
ISIN: DE000CMBT111
WKN: CMBT11
Index: CDAX, Prime All Share
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