euro adhoc: Lycos Europe N.V. / quarterly or semiannual financial statement / LYCOS Europe N.V. published its financial results for the first half year 2007 today

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6-month report

31.07.2007

Haarlem / Netherlands, July 31, 2007 - 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 half year 2007.

The EBITDA of the first six months ended June 30, 2007 amounted to
EUR (7.6) million compared to EUR (0.1) million in the reference
period in 2006. Revenues remained stable, whereas the cost base
increased. This was mainly the result of additional marketing
initiatives, higher expenses in connection with the recent product
launches and one-time effects. The EBITDA therefore deviates
from previous forecasts.

The disposal of the available for sale investment in Seznam.cz,
a.s. resulted in a transaction gain of EUR 64.8 million. Mainly as a
result of Pangora's loss of Google traffic and the negative trend in
the Fireball usage, the Company had to incur an impairment loss
of EUR 19.2 million. Both together had a significant impact on
the Company's financial statement. The net profit for the first six
months of 2007 amounted to EUR 48.7 million.

Cash, cash equivalents and other investments increased to EUR 168.6
million as at June 30, 2007. The cash ratio of 4.4 (cash, cash
equivalents and other investments divided by total liabilities)
shows the strong financial position of LYCOS Europe.

| | |Six months|Six months|Change |
| | | | | |
| | |ended |ended | |
| | |June 30, |June 30, | |
| | |2007 |2006 | |
| | |(unaudited|(unaudited| |
| | |) |) | |
|Revenues |in mln EUR |41.2 |41.6 |(1)% |
|EBITDA |in mln EUR |(7.6) |(0.1) |> (100)% |
|EBIT |in mln EUR |(29.8) |(3.1) |> (100)% |
|Net profit/(loss) |in mln EUR |48.7 |(2.3) |> 100% |
| | | | | |
|Earnings/Loss per |in EUR |0.16 |(0.01) |> 100% |
|share | | | | |
|(diluted and | | | | |
|undiluted) | | | | |

The ongoing product offensive and marketing initiative will result in
a similar cost level during the coming months. The increase in
revenues is not expected to cover this cost level and therefore,
the Company calculates also with an operating loss for the
second half of 2007.

###

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,
Internet access, shopping, homepage building and domain names
registration addresses a wide range of target groups.

end of announcement euro adhoc 31.07.2007 07:55:26
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ots Originaltext: Lycos Europe
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
LYCOS Europe
Investor Relations
Sascha Wittler
T: +49-(0)5241-80-71134
F: +49-(0)5241-80-671134
E: sascha.wittler@lycos-europe.com

Public Relations
Heike Meyer
T: +49(0)5241-80-71051
E: heike.meyer@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