New Work SE

AGM Information • Jun 13, 2007

News Details

Corporate | 13 June 2007 13:48

OPEN Business Club AG will be known as XING AG: AGM decides on a change of company name

OPEN Business Club AG / AGM/EGM

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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• Activities of the Executive Board and Supervisory Board approved by
large majority
• AGM approves all proposed resolutions

Hamburg, June 13, 2007. The first OPEN Business AG Annual General Meeting
was a success for the company and shareholders alike. Shareholders
supported changing the name of the company to XING AG by a large majority:
over 99.9 percent supported the proposal.

All other proposed resolutions for the first AGM following the IPO were
approved with near unanimity. Shareholders assembled at the Exhibition Hall
Convention Center in Hamburg Schnelsen voted to formally approve the
actions of the Executive Board and Supervisory Board with a clear majority.
Dr. Neil Sunderland, Chairman of the Supervisory Board, presided over the
meeting. Resolutions were decided upon by a total of 3.081.561 shares,
accounting for € 3.081.561 of the company’s share capital. This amounts to
59,24 percent of the share capital.

Important notice:

Cautionary note regarding forward-looking statements
This press release notice contains forward-looking statements concerning
OPEN Business Club AG, its subsidiaries and affiliated companies as well as
economic and political conditions that could influence the business
development of OPEN Business Club AG.

Forward-looking statements are based on the current views, expectations and
assumptions of the management of OPEN Business Club AG and involve known
and unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or implied
in such statements. OPEN Business Club AG therefore does not assume any
responsibility for such risks, and makes no guarantee as to the accuracy
and completeness of the assumptions and estimates upon which the
forward-looking statements are based, nor does the Company or its bodies
ensure the correctness of the statements contained in this press release.

About XING:

XING makes your professional network an active part of your life. Far more
than a directory of business contacts, XING enables its members to discover
professional people, opportunities and privileges through its unique
discovery capability and advanced contact management tools.

With the successful IPO of XING in December 2006 as the first Web 2.0
company to go public, OPEN Business Club AG has had a long-term impact on
the social networking trend amongst professionals. By focusing on the
target group 'business people worldwide', the company is able to offer
tailored features, thereby making networking and contact management
simpler. Besides Headquarters in Hamburg, XING AG is represented by offices
in Barcelona (eConozco), Peking and Zurich.

XING. Powering Relationships.

Press contact:

Daniela Hinrichs
VP Corporate Communications
Gaensemarkt 43
20354 Hamburg
Phone +49 40 419131-19
Fax +49 40 419131-11
daniela.hinrichs@xing.com

DGAP 13.06.2007

Language: English
Issuer: OPEN Business Club AG
Gänsemarkt 43
20354 Hamburg Deutschland
Phone: +49 (0)40 419 131-10
Fax: +49 (0)40 419 131-11
E-mail: investor-relations@xing.com
www: www.xing.com
ISIN: DE000XNG8888
WKN: XNG888
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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