artnet AG — Board/Management Information 2012

Jun 25, 2012

News Details

Ad-hoc | 25 June 2012 15:04

artnet AG: Jacob Pabst to be new CEO and Chair of the Management Board of artnet

artnet AG / Key word(s): Change of Personnel/Change of Personnel

25.06.2012 15:04

Dissemination 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.

---

The Supervisory Board of artnet AG has appointed Jacob Pabst as Chief
Executive Officer and Chair of the Management Board of artnet AG and Chief
Executive Officer of Artnet Worldwide Corporation, effective July 1, 2012.
He succeeds pioneer and founder Hans Neuendorf.

Berlin/New York, June 25, 3012

Jacob Pabst will succeed Hans Neuendorf as Chair of the Management Board
and CEO of artnet AG (ISIN:DE000A1K0375).

The company's Supervisory Board appointed Pabst, now president of Artnet
Worldwide Corporation, effective July 1, 2012, as the new CEO of artnet
Worldwide Corporation and chair of the Management Board and CEO of artnet
AG. Other members of the Management Board will be announced later this
year. Neuendorf will retire after almost 20 years at the top of the
Frankfurt Stock Exchange listed company, but will remain associated with
artnet AG as a consultant.

The 39 year old Jacob Pabst has a degree in economics. Since 2000, he has
been at artnet-initially in product development and new technologies. From
2009, he has been Chief Information Officer, responsible for product
development, engineering, quality assurance and content management. Since
January 2012, he has been President of artnet Worldwide Corporation in New
York, with 120 employees. Under his direction, the website has been
materially improved and made more user friendly and attractive; artnet has
entered social media; internal organization has been streamlined and
aligned with product lines; and marketing has been reoriented and
professionalized. Pabst also created two new divisions: artnet Online
Auctions (2008) and artnet Analytics Report (2012)-both successfully
launched.

As the leading art platform on the Internet with a full line-up of
products, artnet AG, under new leadership, will concentrate on marketing
and sales. In 2011, the Group achieved revenues of Euro 13.3 million. In
the first quarter of 2012, sales of online auctions increased year over
year by 37% to Euro 4.7 million.

Press contact:

Renate Bothe, artnet AG, Telefon 030 / 20 91 78 20
Thomas Doriath, Engel & Zimmermann AG, Telefon 089/89356354

www.artnet.com | www.artnet.de | www.artnet.fr
artnet AG, Oranienstraße 164, 10969 Berlin - E-Mail IR@artnet.com - Tel.
+49 (30)20917820
ISIN DE000A1K0375 WKN A1K037, ART

25.06.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: artnet AG
Oranienstraße 164
10969 Berlin
Germany
Phone: +49 (0)30 20 91 78 -0
Fax: +49 (0)30 20 91 78 -29
E-mail: info@artnet.de
Internet: www.artnet.de
ISIN: DE000A1K0375
WKN: A1K037
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Stuttgart

End of Announcement DGAP News-Service

---