EANS-Adhoc: freenet AG increases guidance for the financial year 2011

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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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6-month report

09.08.2011

Büdelsdorf, 9 August 2011 - The Executive Board of freenet AG has
raised its full-year forecast for 2011 based on the results for the
first half of 2011, and is now expecting recurring Group EBITDA
(earnings before interest, taxes and depreciation/amortisation) -
adjusted for one-off items - to reach 350 million euros (previously:
325 million euros) and free cash flow* to exceed 220 million euros
(previously: over 200 million euros) for the full year 2011.

In the first half of 2011, despite continuing intense competitive
pressure, freenet AG generated recurring Group EBITDA of 173.9
million euros and free cash flow of 124.2 million euros.

Due to a year-on-year reduction in its customer base, Group revenue
fell as expected in the first half of 2011, to 1,546.3 million euros
(-5.6 percent year-on-year).

freenet AG increased its Group result from continued operations by
0.8 million euros, from 45.9 million euros in the first half of 2010
to 46.7 million euros in the first six months of 2011. The Group
result including discontinued operations amounted to 46.9 million
euros (first half of 2010: 44.4 million euros).

The number of mobile communications customers stood at 15.20 million
at the end of the first half of 2011. As a result of the continued
qualitative alignment, the number of postpaid customers decreased by
97,000 in the second quarter of 2011, thus declining at a markedly
slower pace than was the case in previous quarters (decline in
Q1/2011: 174,000). After another very good month in terms of customer
acquisition in July 2011 freenet AG expects to lose less than 450,000
postpaid customers for the full year 2011 (previously: less than
500,000).

Compared with the previous quarter, the monthly average revenue per
user (ARPU) in the second quarter of 2011 increased across all
business segments. Cumulative postpaid ARPU for the first half year
stabilised at 23.5 euros, exactly the same as in the comparable
period last year.

freenet AG´s complete interim report on the first half of 2011 will
be available for download at http://www.freenet-group.de/investor
soon.

* Free cash flow is defined as cash flow from operating activities,
minus investments in property, plant and equipment and intangible
assets, plus proceeds from the disposal of property, plant and
equipment and intangible assets.

Further inquiry note:
freenet AG
Investor Relations
Tel.: +49 (0)40 513 06-778
E-Mail: ir@freenet.ag

end of announcement euro adhoc
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issuer: freenet AG
Hollerstraße 126
D-24782 Büdelsdorf
phone: +49 (0)4331 691000
mail: ir@freenet.ag
WWW: http://www.freenet-group.de
sector: Telecommunications
ISIN: DE000A0Z2ZZ5
indexes: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English