New Work SE

Investor Presentation • Dec 9, 2010

XING AG Acquisition of amiando AG

Dr. Stefan Gross-Selbeck (CEO) December 9, 2010

XING AG - Acquisition of amiando AG Executive Summary 01

1. XING AG acquires amiando AG

Objective: to form a fully integrated service provider for the promotion and fulfillment of business related events

2. amiando AG is Europe's leading platform for event management and ticketing

• 1,600 paying organizers ~€1.5m revenues in 2010e
• Full service to event hosts (i.e. Reg. forms & ticketing, participant management, payment handling, marketing tools, event data management & CRM, etc.)

3. Events are a key element of the XING platform

• 150,000 user generated events p.a. (DACH)

• 750,000 event participants p.a. (DACH)

3. The XING/amiando AG events business is a significant revenue opportunity

• Jointly we can build and market very attractive solutions for organizers and attendees
• Covering the most attractive parts of the value chain (fulfillment, event promotion, post-event)
• Significant market size
• 4. Purchase price: initial payment of app. €5.1m + second payment of up to €5.25m on March 31, 2013 depending on numerous conditions to be met

amiando AG The online event registration and ticketing tool 02

Proven success

Pricing

• Ticketing: 5.9% of attendance fee plus 0.99 Eur fix fee per ticket
• Event management: add-on services such as ticket papers, mailing tool coustomization services for extra charge

XING Events: >130k events, >47k paid events with >690k participants 03

amiando integration # of paid events in DACH in 000s # of events in DACH in 000s # of participants in DACH in 000s

Why events on XING work:

• "Perfect" target group
• Unique targeting capabilities
• High relevance of business graph

Overview/segmentation events market 04

XING and amiando AG will cover the most attractive parts of the value chain 05

1. Acquisition of 100% of the shares of amiando AG

2. Purchase price:

1.Payment upon closing: app. €5.1 million

• 1. Second payment of a maximum amount of €5.25m payable by March
• 31, 2013 if numerous milestones are met including:
  • Current amiando management team (founders) stays on board for at least 18 months after closing
  • The new "events" entity generates revenues of €12m in 2011 & 2012 (cumulated)
• The new "events" entity achieves a cumulated positive result in 2011 & 2012

4. Timing

Full Consolidation as of 1st January 2011

Thank you for your attention!

POWERING RELATIONSHIPS WWW.XING.COM

Backup

POWERING RELATIONSHIPS WWW.XING.COM

XING AG IR stats Market Cap: ~€170m / €56m cash / no debt

s u 0) s 201 n e Dec 6, s n o ( C	Total revenues	54.3	64.9	72.8	85.2
	EBITDA	16.3	21.3	24.7	29.4
	Margin	30%	33%	34%	35%
	Depreciation	(5.2)	(5.8)	(6.3)	(8.3)
	EBIT	11.1	15.5	18.5	21.1
	Margin	20%	24%	25%	25%
	Net income	7.5	10.9	13.0	14.6
	EPS in €	1.45	2.09	2.50	2.83
	Free cash flow	11.8	13.7	15.6	18.4

2010e 2011e 2012e 2013e Average Trading Volume per day (XETRA)

Analyst coverage	Deutsche Bank, DZ Bank, Hauck & Aufhäuser, HSBC
Shares	5,280,825

TecDax ranking end of November 2010
Market Cap.	35
Turnover	45

• Burda Digital GmbH 29.6%
• Allianz Global Investors 5.1%
• Langfrist TGV 6.5%
• Farringdon 5.0%
• Baillie Gifford 3.1%
• Ennismore 5.2%
• HVB 3.4%
• Treasury Shares 2.1%
• Rest 39.9%

Free float according to Deutsche Börse: 68.2%

XING share price since IPO in Dec'06 (as of Dec 8, 2010)

Investor Relations Contact Details

Patrick Möller

Director Investor Relations

XING AG Gänsemarkt 43 20354 Hamburg Germany

Tel.: +49 (0)40 419 131-793 Fax.: +49 (0)40 419 131-44 (Please use this number to submit "WpHG notifications")

Email.: patrick.moeller@xing.com Website: http://corporate.xing.com

http://www.youtube.com/user/XINGcom

XING's current revenue streams

Subscription business	Paid in advance  733k Payers   >90% activity rate	3 months: €6.95  12 months: €5.95  24 months: €4.95* 
E-Recruiting	 Recruiter memberships Click Price Job Ads  Fix Price Job Ads 	 €49.95/€39.95/€29.95 (3/6/12 months) €0.69 per job click  LOGO: €395 / DESIGN: €495 
Advertising	 Best Offers Enterprise Groups   Display Advertising  Company Profiles	 Set up fee & rev. Share Set up & regular fee  eCPM  €24.90 (Standard) / €129 (Plus)* 
Others	Paid-Events   XING Seminars	Provision to XING   Provision to XING

Disclaimer

This presentation was produced in November 2010 by XING AG (the "Company") solely for use as an information source for potential business partners and is strictly confidential. It has been made available to you solely for your own information and may not be copied, distributed or otherwise made available to any other person by any recipient. This presentation is not an offer for sale of securities in the United States. The distribution of this presentation to you does not constitute an offer or invitation to subscribe for, or purchase, any shares of the XING AG and neither this presentation nor anything contained herein shall form the basis of, or be relied on in connection with, any offer or commitment whatsoever.

The facts and information contained herein are as up-to-date as is reasonably possible and are subject to revision in the future. Neither the Company nor any of its subsidiaries, any directors, officers, employees, advisors nor any other person makes any representation or warranty, express or implied as to, and no reliance should be placed on, the accuracy or completeness of the information contained in this presentation. Neither the Company nor any of its subsidiaries, any directors, officers, employees, advisors or any other person shall have any liability whatsoever for any loss arising, directly or indirectly, from any use of this presentation. The same applies to information contained in other material made available at the presentation.

While all reasonable care has been taken to ensure the facts stated herein are accurate and that the opinions contained herein are fair and reasonable, this document is selective in nature and is intended to provide an introduction to, and overview of, the business of the Company. Where any information and statistics are quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate.

This presentation contains forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which the Company operates. These statements are generally identified by words such as "believes," "expects," "predicts," "intends," "projects," "plans," "estimates," "aims," "foresees," "anticipates," "targets," and similar expressions. The forward-looking statements, including but not limited to assumptions, opinions and views of the Company or information from third party sources, contained in this presentation are based on current plans, estimates, assumptions and projections and involve uncertainties and risks. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. The Company does not represent or guarantee that the assumptions underlying such forward-looking statements are free from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this presentation. No obligation is assumed to update any forward-looking statements.

This presentation speaks as of September 2010. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date.

IMPORTANT NOTICE

Pro-forma results

Results contained in this presentation are partly based on unaudited pro-forma financial results that the Company derived from its preliminary and past financial statements for the indicated periods in order to make these periods comparable and show non-recurring costs.

Cautionary note regarding preliminary results and pro-forma financial results

This presentation contains preliminary results and pro-forma results. The preliminary results may change during their final review. While the Company believes that its pro-forma financial results are reflective of its recurrent trends and the on-going status of its business, there can be no assurance that its pro-forma results will accurately reflect these trends and status and therefore, its investors are urged not to rely solely upon the pro-forma results when making their investing decision and the pro-forma results should always be reviewed together with its actual financial results.