1&1 AG — M&A Activity 2007

Nov 29, 2007

News Details

Ad-hoc | 29 November 2007 04:04

Drillisch AG:Amendment to the Participation Agreement with United Internet Regarding freenet AG

Drillisch AG / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Maintal, November 29, 2007: On September 21, 2007, Drillisch AG has
published an ad hoc announcement that United Internet AG, Montabaur, will
acquire a participation of 50% in MSP Holding GmbH, a subsidiary of
Drillisch AG directly holding approximately 6.01% of the shares in freenet
AG, Büdelsdorf, and having the right to aquire an additional stake of
approximately 18.49% of the shares in freenet.

Drillisch AG and United Internet AG, Montabaur, this morning agreed on an
amendment to the participation agreement signed between both parties on
September 21, 2007. Pursuant to such amendment, Drillisch will now also
contribute its direct shareholding of approximately 4% in freenet AG,
Büdelsdorf, to the joint venture company, MSP Holding GmbH, which will then
holds approximately 10.1% in freenet. In addition, the indirect subsidiary
MSP Beteiligungs GmbH has decided to make use of its right not to
consummate the share purchase agreement with VATAS International B. V.
signed on August 22, 2007.

With its (indirect) shareholding in freenet AG Drillisch continues to
follow its strategic position on the German MSP market currently in the
process of consolidation. Drillisch takes the view, that without a closing
of the aggrement with VATAS Internation B. V., it will be able to better
realize its options regarding freenet. These options include inter alia a
further increase of the shareholding in freenet AG.

Contact:
Oliver Keil
Head of Investor Relations
Mail: ir@drillisch.de

29.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: Drillisch AG
Wilhelm-Röntgen-Straße 1-5
63477 Maintal
Deutschland
Phone: +49 (0)6181 412 200
Fax: +49 (0)6181 412 183
E-mail: ir@drillisch.de
Internet: www.drillisch.de
ISIN: DE0005545503
WKN: 554550
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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