New Work SE

Board/Management Information • Dec 19, 2008

News Details

Ad-hoc | 19 December 2008 08:50

XING AG purchases Socialmedian Inc.

XING AG / Acquisition/Change of Personnel

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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Hamburg / New York, December 19, 2008. The publicly listed XING AG (O1BC /
ISIN DE000XNG888) announces today that it has purchased New York-based
socialmedian, Inc., a leading innovator in the online news industry. At
closing, XING will pay a combination of cash and stock valued at 2.9
million Euros, with a performance-based earn-out valued at between 0.5-2.5
million Euros payable over three years.

Socialmedian’s founder and CEO, Jason Goldberg, will join XING in Hamburg
Germany in the newly created position of Vice President Xing Applications
Platform . In the new role Goldberg will be responsible for managing global
partnerships for application developers and content providers to connect
with the XING network.

XING AG
Thorsten Vespermann
Director Corporate Communications
Gaensemarkt 43
20354 Hamburg, Germany
thorsten.vespermann@xing.com
Tel +49 40 41 91 31-763

19.12.2008 Financial News transmitted by DGAP

Language: English
Issuer: XING 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
Internet: www.xing.com
ISIN: DE000XNG8888
WKN: XNG888
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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