euro adhoc: Lycos Europe N.V. / Financial Figures/Balance Sheet / LYCOS Europe N.V. closes the financial year 2008 with a EUR (50.8) mln EBITDA loss mainly affected by decreasing revenues and liquidat

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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03.03.2009

LYCOS Europe N.V. ("LYCOS") today published its consolidated
financial statements for the year ended December 31, 2008.

The following figures only refer to continued operations such as
portal business and webhosting business and therefore do not include
discontinued operations such as Jubii Denmark, United Domains and
Shopping. Due to the strategic decision made by the shareholder´s
meeting on December 12, 2008 these units have already been sold or
are about to be sold. They represent about 60 percent of LYCOS
Europe´s total revenues.

LYCOS Europe´s revenues for the year ended December 31, 2008 amounted
to EUR 20.9 million, which is a decrease of 44 percent compared to
the restated revenues of EUR 37.4 million for the year ended December
31, 2007. The EBITDA for the year ended December 31, 2008 amounted to
EUR (50.8) million compared to EUR (15.5) million in the reference
period in 2007 mainly due to decreasing revenues. Further the
liquidation measures had a strong impact of EUR (24.4) million on
annual operating results.

The net result of the continued and discontinued operations decreased
to EUR (52.9) million for 2008 compared to 2007 (EUR 40.1 million).
The total liquidation costs amounted to EUR (32.8) million.

Cash, cash equivalents and other investments decreased to EUR 76.1
million as at December 31, 2008 compared to EUR 157.2 million as at
December 31, 2007. This leads to a cash ratio of 1.6 (cash, cash
equivalents and other investments divided by total liabilities). The
significant decline was mainly caused by the capital reimbursement of
EUR 50 million in December 2008.

Year ended December Year ended December
31, 2008 31, 2007
(restated)
Revenues 1) in mln EUR 20.9 37.4
EBITDA 1) in mln EUR (50.8) (15.5)
EBIT 1) in mln EUR (59.5) (23.7)
Net Profit/(Loss) 2) in mln EUR (52.9) 40.1
Earnings per share
(diluted and undiluted) 2) in EUR (0.17) 0.13

1) 2008 includes the continued business without the discontinued
operations Jubii Denmark, United Domains and Shopping. 2007 has been
restated accordingly. 2) Includes in 2008 and 2007 continued and
discontinued operations.

In the meantime LYCOS Europe sold further businesses: the newssearch
Paperball was taken over by Paperball GmbH, Munich. The search engine
Fireball now belongs to Ambrosia AG, Zug (Switzerland). Trademark and
domains of the French Email-Service Caramail were taken over by
United Internet AG, Montabaur. Conversis hosting GmbH continues the
free hosting service MultiMania. The LYCOS chat -
worldbiggestchat.com - will be transferred to the new operator Noesis
Systems Ltd., Lancashire (Great Britain) on March 9, 2009. The
parties agreed to keep the purchase prices confidental.

Furthermore LYCOS Europe will continue working on the divestment of
the shopping business and on the liquidation of European portal
business and the webhosting business in 2009.

The company will continue to assess to what extent cash reserves and
proceeds from divestments can be distributed to the shareholders.

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 N.V.

Investor Relations

Jochen Hög

T: +49-(0)5241-80-71244

F: +49-(0)5241-80-671244

E: jochen.hoeg@lycos-europe.comJochen Hög

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