3U Holding AG — Earnings Release 2005

May 10, 2005

News Details

Ad-hoc | 10 May 2005 15:01

3U: Course set for significant improvement of LambdaNet”s earnings

Ad hoc announcement §15 WpHG Cost reduction 3U: Course set for significant improvement of LambdaNet”s earnings Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Marburg, May 10th, 2005. Based on existing contracts with its fibre supplier GasLINE the subsidiary LambdaNet signed a term sheet, which serves as a basis for negotiating a realignment of the contractual relationship. The term sheet includes the main results of past negotiations and sets the frame for the final contract. A final closing is expected during Q2 2005 and is subject to the approval of both regulatory bodies. Based on the term sheet LambdaNet will be able to realize a signficant cost reduction, which will already become effective in 2005. With respect to the convertible bond of 10.48 million EUR as shown in the balance sheet it is intended to be redeemed through a partial waiver of the creditor GasLINE in return to an one-time payment. As a consequence, the value of the subsidiary LambdaNet will increase strongly for the 3U Group. After the final closing of the agreement 3U TELECOM AG will release a new guidance for the full year 2005. Contact: 3U TELECOM AG Ulrich Wiehle Neue Kasseler Str. 62F 35039 Marburg Tel: +49 (0)6421 – 999 1200 Fax: +49 (0)6421 – 999 1111 E-mail: wiehle@3u.net Web: http://www.3u.net 3U TELECOM AG Neue Kasseler Str. 62 F 35039 Marburg Deutschland ISIN: DE0005167902 WKN: 516790 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart End of ad hoc announcement (c)DGAP 10.05.2005 101501 Mai 05