EANS-Adhoc: Lycos Europe N.V. / Divestment of business units led to positive quarterly net result

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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3-month report

28.04.2009

LYCOS Europe N.V. ("LYCOS") today published its unaudited condensed
consolidated interim financial statements for the three months of
2009.

The following figures only refer to continued operations such as
portal business and webhosting business and therefore do not include
discontinued operations such as United Domains and Shopping.

Revenues came down to EUR 0.7 million in the three months 2009
compared to EUR 6.2 million in the same period in 2008 since most
products and services had been terminated by the middle of February.
Ordinary expenses were down EUR 3.5 million. This leads to an EBITDA
for the three months of 2009 of EUR (8.3) million, compared to EUR
(6.2) million in the same period in 2008.

The divestment of business units-especially the sale of
united-domains AG-contributed to a net profit of EUR 17.0 million at
the end of the first quarter 2009 compared to EUR (5.9) million in
the same period 2008.

Cash, cash equivalents and other investments amounted to EUR 94.2
million as of March 31, 2009. The cash ratio was 2.5 (cash, cash
equivalents and other investments divided by total liabilities) and
the equity ratio was 67.5 percent.

Three months Three months Change
ended ended
March 31, 2009 March 31, 2008
(unaudited) (unaudited)

Revenues in mln EUR 0.7 6.2 (89)%
EBITDA in mln EUR (8.3) (6.2) (34)%
EBIT in mln EUR (8.5) (6.8) (25)%
Net profit/(loss) in mln EUR 17.0 (5.9) >100%

Earnings/loss per share
(diluted and undiluted) in EUR 0.05 (0.02) >100%

LYCOS Europe will continue working on the divestment of the shopping business
(Pangora), LYCOS iQ and LYCOS Search while looking on other options.

Another capital distribution of EUR 35 million respectively EUR 0.1123 per share
is scheduled for May 11, 2009.

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

Further inquiry note:

Jochen Hög

Tel.: +49 (0)5241-80-71244

E-Mail: jochen.hoeg@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