YOC AG — Interim / Quarterly Report 2009

May 20, 2009

1st Interim Report 09 Berlin, May 20th 2009

Contents

P. 02 YOC Overview

P. 03 Letter to the Shareholders

P. 04 Management Report

P. 17 Interim Consolidated Financial Statements

P. 25

Financial Calendar

P.26

Imprint

YOC Overview

(in TEUR)	31/03/2009	31/03/2008	Change in absolute numbers	Change in %
Revenue and Earnings
Revenue	6.042	5.273	769	14,6%
Germany	5.165	4.396	768	17,5%
Overseas	877	877	1	< 1 %
Segment Mobile Marketing	4.008	3.389	619	18,3%
Segment Affiliate Marketing	1.517	1.115	402	36,0%
Segment Mobile B2C Services	517	769	-252	-32,7%
Total Revenue	6.053	5.281	772	14,6%
EBITDA	672	757	-85	-11,2%
EBITDA margin (in %)	11,1	14,3	-3,2	k.A.
EBITA*1	585	658	-73	-11,1%
Net profit	278	252	26	10,3%
Earnings per share (diluted/basic in €)	0,16	0,14	0,02	10,3%
Balance sheet and cash flow statement
Balance sheet total	27.729	28.250*2	-522	-1,8%
Equity ratio (in %)	44,8	43,4*2	1,4	k.A.
Cash and cash equivalents	4.547	4.529*2	18	< 1%
Cash flow from operating activities	351	347	4	1,4 %
Workforce
Average number of employees*3	152	121	31	25,6
Number of employees on 31/03*3	158	125	33	26,4
Total revenue per employee (in TEUR)	40	42	-2	-4,8

*1 EBIT before depreciation and amortisation due to purchase price allocation (EBIT adjusted by depreciation and amortisation due to company acquisitions) *2 as on 31/12/2008

*3 based on the number of permanent employees

Letter to the Shareholders

Dear Shareholders,

YOC AG was able to continue the successful development of the past year in the first quarter of the current financial year. Revenue was increased from € 5.3 million by 14.6 % to € 6.0 million compared to the reference period in the past year. EBITDA was decreased lightly from € 0.8 million to € 0.7 million.

The first quarter indicates that the company can mostly elude the effects of the difficult economic climate. This is a clear indicator of the strong growth potential of the mobile marketing and mobile internet market. Furthermore, the first quarter figures also confirm the corporate strategy pursued.

The growth potential of the mobile marketing sector is mainly based on three factors. First, the popularity of mobile phones has constantly increased in the past few years. More than 106 million mobile phone services contracts currently exist in Germany. Second, according to experts, around 61% of mobile phone users will have UMTS access in Germany by 2012. Moreover, the mobile internet will get more attractive due to the increasing distribution of smartphones with larger displays and flat-rates. The advertising industry, publishing and media houses and internet platforms respond to this trend by increasingly integrating the mobile phone in their long-term communication strategies.

Against the background of this business outlook, we decided the uplisting of the YOC Share from the Entry Standard to the stock exchange segment Prime Standard of the Frankfurt Stock Exchange on 29th April 2009. Thus, the YOC Share is listed in the segment with the highest transparency and disclosure requirements on the German Stock Exchange. This change is planned to increase our liquidity and to provide more share attractiveness for investors.

We are optimistic that we will be able to continue the growth course taken in the remaining quarters of the financial year. In the first quarter, we also won important new customers with Blackberry, Sixt, Playstation and Haymarket (UK). The steadily expanding customer base and the continuing trend to shift advertising budgets from classic advertising materials to digital advertising media form the basis for future growth.

We are optimistic about the future and we are looking forward to a successful cooperation with you!

CEO of the YOC AG

Management Report

Management Report

	Mobile Marketing		Affiliate Marketing	Mobile B2C Services
mobile marketing	mobile advertising	mobile internet	affiliate marketing	mobile entertainment
Conception, planning and implementation of mobile marketing solutions	Largest off-portal mobile advertising marketing network in Europe	Development and operation of more than 350 mobile portals in Europe	Operation of leading affiliate marketing networks	Subscription services for mobile entertainment
Adaptation and integration of innovative technologies (e.g. Bluetooth, QR	Inventory Management of mobile media spaces	Mobile banking solutions Mobile video solutions	Success-based online and mobile marketing	B2C mobile content shop Content syndication and licensing
codes, video call) Application development	Mobile AdServing solutions

Business Development of YOC Group in the First Quarter 2009

Revenue increased by 15% to reach € 6.0 million. The Mobile Marketing segment accounts for 66%, the Affiliate Marketing segment for 25%, and the Mobile B2C Services segment for 9%.

EBITDA is reaching € 0.7 million.

(e.g. CRM solutions and CMS solutions), multichannel permission marketing (2.9 million double opt-in data sets)

Operative cash flow amounted to € 0.4 million.

In the first quarter of the financial year 2009, several renowned global brands, leading media companies and operators of websites with a great coverage, joined YOC's customer portfolio.

Detailed information on the development of individual activities is set out below.

mobile marketing

Mercedes-Benz

At the launch of the new Mercedes-Benz E-Class, YOC Group implemented a mobile special. YOC Group developed and implemented web applications of the e-klasse.mobi campaign portal and the mercedes-benz.mobi brand portal for iPhone.

www.e-klasse.mobi offers access to a number of service and entertainment offers via mobile end devices. The mobile portal offers, for example, a mobile configurator that can be used to design

the ideal car on the mobile phone and download it as a screensaver.

The showroom also offers a comprehensive new E-Class picture gallery. Webapps that were especially developed for iPhone use are very user-friendly and have innovative features. Users also have easy and comfortable access to numerous services, such as the "wine and dine guide", mobile merchant search by a Google map connection including a route planner.

iPhone applications for the launch of the new Mercedes-Benz E-Class

Sony Playstation

YOC delivered the necessary mobile marketing components for the cross-media Playstation 3 game "Killzone 2" campaign run by Sony Computer Entertainment Deutschland. The campaign was implemented in target group oriented online and print media in Germany and Austria. In Austria, the campaign also included eye-catching, out-of-home media. The campaign aims at providing added value services in the form of free mobile content for playful user entertainment.

Cross-media campaign for Sony Playstation

CDU

YOC Group developed a dynamic mobile portal for Minister President Peter Müller at the launch of the CDU election campaign for the Saarland state parliament elections. Voters can use the mobile portal http://m.peter-mueller.de to access information on current topics, dates, and events of the Christian Democrats and Minister President Peter Müller until 30 August 2009 when elections to the state parliament will be held. This mobile portal is a trend-setter as it includes mobile features, such as a weekly video blog, twitter links, and it also integrates YouTube. Users can also register for an SMS service to receive news.

Mobile portal for the CDU elections to the state parliament

Walt Disney Studios Motion PicturesGermany

YOC Group programmed a new, central multichannel Customer Management System for all current and future standard presentation channels at the re-launch of the Walt Disney Studios Motion Pictures (WDSMP) Germany online and the mobile portals movie.de and mobile.movie.de. YOC Group also developed a modern version of the mobile.movie.de mobile portal optimised for touchscreen. The portals offer users the latest film news, a cinema finder, free downloads and lottery features for new cinema and home entertainment products.

YOC is responsible for maintenance and updates services provided to the film portals and implements innovative mobile marketing campaigns, applications and mobile advertising to market new Walt Disney films.

Long-term and continuous mobile marketing and Customer Relationship System concepts aim at raising awareness of the films, reaching high media penetration and generating traffic on mobile portals and websites, winning new mobile. movie.de users, integrating the movie.de brand with the Disney digital set-up and strengthening image of WDSMP as a mobile innovator.

Long-term mobile marketing & customer relationship management concept for Walt Disney Studios Motion Pictures Germany

mobile advertising

regard to finance, entertainment and travel, to include well-known mobile portals.

08YOC AG 1st Interim Report Management Report

to see a huge increase in page impressions on its marketed mobile portals.

iPhone user traffic, in particular, increased significantly, exceeding 40% of total traffic on some portals.

We are delighted to see that our customers appreciate the steadily increasing number of iPhone users. YOC has a track record of numerous successful campaigns, such as for the car rental agency SIXT. This campaign included a special iPhone targeting feature to minimise wastage. The campaign does not only include iPhone targeting but also direct linking of advertising material with the Apple AppStore that leads users directly to the download area without changing the medium. Users could download SIXT iPhone applications for free.

In the first quarter of 2009, YOC Group could extend its Mobile Advertising marketing portfolio by new renowned national and international mobile portals. YOC Group concluded exclusive marketing agreements with mobile portals, such as wallstreet-online.de, finanzen.net, mtv.de, viva.tv, nick.de, verkehrsinfo.de and the airport duesseldorf-international.de. These marketing co-operations have helped YOC Group to extend its Mobile Advertising segment, particularly with

Mobile Advertising for Sixt including iPhone Targeting

YOC Group also won the largest Austrian portal: news.at. In Great Britain, the marketing network was also strengthened by several portals of the magazine publisher Haymarket and portals of the International Data Group (IDG).

In the Special Marketing segment, the mobile IT channel was further developed; YOC now has a unique mobile website portfolio with mobile portals of magazines, such as COMPUTER-WOCHE, CIO Magazin, Heise Online and PC Welt. Our premium titles from the "News" segment help IT producers to address IT and business decisionmakers. Companies, such as Cisco, Siemens, SAP and Datev have been using the YOC mobile advertising services for quite a while.

mobile internet

The positive development of the successful year 2008 in the Mobile Internet segment continues in the first quarter of 2009. YOC Group implemented a number of projects for existing customers and won important new customers. YOC Group expanded its customer base within the automotive industry and won Continental as a renowned supplier. Due to the mobile portal created by YOC Group, Continental strengthens its long-term marketing strategy for premium tires. YOC Group provides product information and deals with football as the central communication topic, reporting on the 2010™ FIFA World Cup in South Africa.

There is a trend in all industries to use dynamic and interactive formats, such as mobile video. As a technology expert specialised in the optimum presentation of existing video material on mobile websites, YOC Group was able to win a new international customer: Krone.tv internet TV with the largest media penetration in Austria. There is a growing demand for video content, which has a high development potential. This is illustrated by other projects carried out during the reporting period, such as the mobile website of Tagesschau and MTV, which added new areas to their websites, including video downloads and video streaming.

YOC Group took a number of optimisation measures and re-launched successful websites, such as the website of the publishing group Handelsblatt and Brigitte. A complete makeover of layout, structure, user guidance and content provided the basis for even larger media penetration.

http://m.t-mobile-streetgigs.de

09YOC AG

Management Report

1st Interim Report 2009

http://mobil.motor-talk.de

affiliate marketing

mobile B2C services

The technological merger of the two affiliate networks belboon and adbutler was carried out successfully in the first quarter of 2009. About 1,200 available partner programmes have turned the merger into the third largest affiliate marketing network in the German-speaking world, boosting its market position.

Despite the economic crisis, the Affiliate Marketing segment remains stable.

In the struggle for market shares, belboon-adbutler continues to rely on customer loyalty and the best possible support for distribution partners (affiliates) participating in the network. YOC Group also continues to strive to become the technologically leading affiliate network in the industry in terms of market shares. To live up to that expectation, belboon-adbutler was the first affiliate network in the German-speaking world to introduce one of the most innovative additional tracking technologies: FLASH Tracking. This technology, which has not yet been used by any other network provider in the German market, can log more transactions that ever before, which will lead to an increase in revenue and quality in the long run. This USP is being further developed by a tracking upgrade of existing programmes that will use that technology in the future.

New promising sales features are also under way, which shall be available exactly for the Christmas business 2009. Another strategic component for belboon-adbutler to ensure future growth and improve its affiliate marketing market position is to open up international markets. The stage in terms of organisation and technology is being set. Despite a negative market trend in the first quarter of 2009, YOC's mobile B2C business has seen a better development than other competitors in the market. YOC acquired the Moustik brand, a business that has been quite successful in Germany and Belgium since 2007. The intended extension of distribution channels is used for effective marketing and parts of it have already been implemented in the first quarter by adding TV distribution channels. Further measures are to follow gradually.

There was technical progress in the integration between the Belgian and German company. This integration progress is supposed to become the basis of efficient time to market in order to create more synergies. Further efforts are being made in the field of content acquisition. That is why YOC engages in partnerships and cooperation with large content providers, focusing on innovative content categories. New contents help to spark customer interest and win new customer groups.

The Share

YOC AG Share Successfully Listed on Prime Standard

Stock Markets in the First Quarter

In the first quarter of this year, many companies faced a massive downward trend of their shares, which resulted from lost investor's confidence and the continuing negative economic situation. Capital markets were also hit by the effects of the fundamental financial crisis and the global economic crisis in the first quarter. The DAX dropped by 19% from 5.026 points at the beginning of January to 4.085 points at the end of March in the first quarter.

The YOC Share

The YOC Share was not able to elude this negative effect in the first quarter and dropped by 19% from € 13.40 to € 10.90 in the same period. It stably kept this level until the beginning of May. The share price development was in line with the comparison index SDAX, which dropped by 16% in the period observed.

Listing on Prime Standard

On 29 April 2009, the YOC Share was admitted to the Prime Standard of the Frankfurt Stock Exchange. YOC AG plans to increase the liquidity of the share by changing from Entry Standard to Prime Standard and to make it more attractive to investors due to the higher level of transparency. Moreover, the segment change accommodates the growing interest of the capital market in the share.

Now, YOC is listed on the stock exchange segment with the highest transparency and disclosure requirements of the German Stock Exchange. Furthermore, a listing on Prime Standard is the prerequisite for admittance to one of the benchmark indices of the German Stock Exchange.

Communication with the capital market plays a very important role for YOC. The Executive Committee initiates dialogues with investors and analysts on a regular basis. On 22 April, the Press and Analysts Conference of YOC AG took place in Frankfurt. Several road shows and the attendance of investors' conferences are planned for the course of the remaining financial year.

Development of the YOC Share and SDAX Performance Index

	YOC AG	SDAX Performance Index
31/03/2009	10.90 EUR*1	2,374.46 Pkt
31/03/2008	9.33 EUR*1	4,488.35 Pkt
Change	16.8 %	-47.1 %

*1 Closing price XETRA trading

Development of the Balance Sheet Structure, Cash flow and Profitability

YOC Group was able to continue its consistent growth trend in the first quarter of the financial year 2009. The corporate strategy, which is based on large acquisitions on the one hand and strong technological developments on the other hand in order to create a promising platform for future developments, turns out to be a key factor for success. YOC Group can also offer a unique range of business activities, which is due to its strategic positioning, thus ensuring an effective and lasting market leadership also during the time of the financial crisis.

Compared to the previous year, YOC Group increased its revenue by 15% from € 5.3 million to € 6.0 million in the first quarter of the financial year 2009. The total revenue increased by 15% from € 5.3 million to € 6.1 million. In the main product segment of Mobile Marketing, revenues rose by 18% from € 3.4 million in 2008 to € 4.0 million in the first quarter of 2009. The share of this segment in the Group's total revenue remained largely stable, reaching 66% compared to 64% in the prior-year quarter. The Group saw the highest growth in affiliate marketing. One of the reasons for the positive development was the acquisition of adbutler GmbH on 12 March 2008, which was included in the basis of consolidation of YOC Group over the entire threemonth period in the first quarter of the financial year 2009. Revenue in this segment rose by 36% from € 1.1 million to € 1.5 million compared to last year's reporting period. The share of this product segment in the company's revenues increased from 21% to 25%. Due to regulation measures introduced by Belgian law in the first quarter of 2009, revenues in the Mobile B2C Services segment of YOC Group fell by 33% from € 0.8 million to € 0.5 million. Its share in total revenue reduced from 15% to 9%.

Germany remains the most important market for YOC Group in the new financial year. In the first quarter of 2009, the Group increased its domestic sales by 18% from € 4.4 million to € 5.2 million compared with the prior-year quarter. This is mainly due to the positive development of its Mobile Marketing Germany core segment. In the first quarter of

2009, revenue obtained in Germany contributed with 85% to overall revenue compared to 83% in the previous quarter.

Internationally generated revenues kept the same level compared to the previous year and sum up to € 0.9 million. Consequently, the share of foreign revenue was reduced from 17% to 15%. The UK and Belgium were the most important international markets with a revenue of € 0.4 million and € 0.3 million. Austria (€ 0.2 million), Switzerland, France and the Netherlands accounted for the remaining foreign revenue.

Costs of materials and services increased by 16% from € 1.9 million to € 2.2 million during the reporting period. Thus, the increase was commensurate with the total performance. These expenses have also been significantly influenced by the volume of SMS and MMS delivery, which are being purchased from mobile phone operators on a large scale.

The rise in the number of YOC Group employees is due to the increase in workforce. Compared to the previous year, the average number of employees rose by 33 to 158 due to internal growth. As of 31 March 2009, the Group employed 158 employees (prev. year 125 employees) and 1 representative (prev. year 0 representatives). 5 staff members were on parental leave. Personnel expenses thus increased by 42% from € 1.5 million to € 2.1 million. Personnel costs to total rose from 27% to 34% on a year-on-year basis.

Other operational expenditure fell by 5% from € 1.2 million to € 1.1 million compared to the first quarter of 2008. In a prior-year quarter comparison, there is a reduction from 22% to 18% in relation to total revenue. Other operational expenditure mainly includes expenditure for infrastructure, marketing costs and commission payments to partners for procurement of contracts.

Number of employees

The EBITDA reached € 0.7 million, dropping lightly compared with the prior-year quarter (€ 0.8 million).

The EBITDA of the Mobile Marketing segment decreased by 6% to € 0.5 million compared to the first quarter of 2008. This development is mainly due to the increase of personell expenses.

Due to the technological merger of the two affiliate networks, belboon and adbutler, on 31 December 2008, which resulted in the third largest provider of affiliate services in Germany, synergy effects could be used, which lead to growing revenues. EBITDA decreased by 14% to € 0.1 million in this segment.

One reason for growth is the rise in the number of employees in that segment. The decrease of EBITDA in the Mobile B2C Services segment by 31% to € 0.1 million is exclusively due to the drop in revenue caused by regulation measures introduced by Belgian law.

EBITDA per Segment	31/03/2009	31/03/2008
Mobile Marketing	470	502
Affiliate Marketing	134	156
Mobile B2C Services	68	99
Total	672	757

The EBIT of the YOC Group decreased to € 0.5 million, which was 15% less (prev. year € 0.6 million) than in the previous year quarter. There was also a slight decrease of EBT by 6%, thus reaching € 0.4 million (prev. year € 0.4 million). Profit increased to € 0.3 million (prev. year € 0.3 million) by 10%.

Cash and cash equivalents amounted to € 4.5 million at the end of the reporting period on 31 March 2009, the same level as at 31 December 2008. The Group's equity improved by 1.4% from € 12.3 million to € 12.4 million compared to 31 December 2008. The equity ratio sum up to 45%. This increase is due to the positive net profit of € 0.3 million within that period. The Group's equity was reduces by the acquisition of own shares.

Risk Management Report

YOC Group is an internationally-active service provider operating in a dynamic market, which naturally involves entrepreneurial, sectoral and financial risks. This mainly includes market and competition risks, technological risks, risks of liability, personnel risks, design risks, organisational risks and financial and treasury risks. YOC Group's risk management focuses on the efforts to generate sustainable growth and to increase the company value. Taking into account the risk/ return ratio, conscious decisions are made to take the necessary risks.

Foresighted risk controlling across the Group helps to identify and calculate risks and opportunities in time to guarantee efficient controlling for the success of the company.

In the first three months of 2009, the illustrated risk situation did not substantially change compared to the annual report of 2008. Taking account of all known facts and conditions, there are currently no substantial risks. For an overview of future developments, please see the section "Outlook".

Outlook

In the first months of the financial year 2009, there was a positive development of revenue compared to the first months of 2008. In early 2009, YOC Group won and implemented mobile marketing campaigns for companies, such as Coca-Cola, Sony Playstation and Kraft Foods. Mobile internet portals were established for new customers, such as Haymarket (UK) and IDG (UK).

YOC expects the positive trend of increasing mobile marketing market volume to continue. YOC thinks that this is due to the steady improvement of the performance of mobile end devices, the introduction of low-priced flat rates by network operators and the decisions taken by marketing and media experts in charge to opt for marketing measures that are efficient and measurable. YOC is confident that strains and risks resulting from the current financial and economic crisis can be more than offset by the positive trends mentioned.

YOC expects the positive development of revenue that YOC Group saw in the past three years to continue in the financial year of 2009. YOC estimates that a double-digit EBITDA margin can be reached in the medium term. These expectations are based on the sales generated in the first three months of the financial year 2009 and the forecasts for the months and quarters to come.

YOC AG 1st Interim Report 2009

Consolidated Interim Financial Statements

Income Statement

in Euro (condensed)	31/03/2009	31/03/2008
Revenue	6,041,722	5,272,688
Changes in inventories	-109,000	0
Own work capitalised	100,000	0
Other operating income	20,560	8,465
Total revenue	6,053,282	5,281,153
Costs of materials and services	2,221,350	1,921,815
Personnel expenses	2,067,645	1,451,960
Other operating expenses	1,092,477	1,150,471
EBITDA	671,810	756,907
Depreciation and amortisation	201,907	206,209
EBIT	469,902	550,698
Interest income	39,309	35,496
Interest expense	103,024	154,023
Financial Result	-63,715	-118,527
Earnings before tax	406,187	432,171
Income tax	127,840	179,797
Profit	278,347	252,374
Earnings per share (diluted / basic)	0.16	0.14
Number of shares 2009/2008: 1.750.000

Consolidated Balance Sheet

in Euro (condensed)	31/03/2009	31/03/2008
Assets
Non-current assets	16,768,819	16,841,315
Property, plant and equipment	645,123	624,040
Goodwill	8,883,442	8,957,053
Intangible assets	6,475,209	6,510,046
Financial assets	1,000	1,000
Deferred tax assets	764,045	749,178
Current assets	10,959,815	11,408,928
Inventories	127,019	236,019
Prepayments	154,414	88,215
Trade receivables	4,602,817	4,944,706
Other receivables	120,430	223,681
Tax receivables	60,332	47,733
Securities	1,347,970	1,339,741
Cash and cash equivalents	4,546,833	4.528.833
Total assets	27,728,634	28,250,245

Consolidated Balance Sheet

in Euro (condensed)	31/03/2009	31/03/2008
Equity and liabilities
Equity	12,418,042	12,251,098
Subscribed capital	1,750,000	1,750,000
Capital reserve	9,100,489	9,100,489
Revenue reserve	1,675,871	1,397,521
Difference due to currency conversion	10,403	3,088
Own shares	-118,721	0
Non-current liabilities	2,536,112	2,669,721
Provisions	48,200	48,200
Financial liabilities	744,000	837,000
Other liabilities	144,866	145,618
Deferred tax liabilities	1,599,046	1,638,903
Current liabilities	12,774,480	13,329,426
Prepayments received	1,399,402	1,225,128
Trade payables	1,309,031	1,546,348
Financial liabilities	5,077,101	5,086,046
Other liabilities	4,695,667	5,070,133
Tax liabilities	162,659	149,193
Provisions	130,620	252,578
Total equity and liabilities	27,728,634	28,250,245

Consolidated Cash Flow Statement

in Euro (condensed)	31/03/2009	31/03/2008
Profit	278,347	252,374
Depreciation and amortisation	201.907	206.209
Income statement-related tax	127,840	179,797
Income statement-related interest	63,715	118,527
Other non-cash expense and income	3,094	12,437
Cash-Earnings	674,903	769,344
Acquisition / disposal of securities	-8,229	39,557
Change in inventories	109,000	0
Changes in receivables, payments and other receivables	353,742	-636,213
Changes in liabilities, prepayments and other liablities	-424,794	307,118
Changes in provisions	-121.958	44.594
Interest received	39,309	35,496
Interest paid	-103,024	-154,023
Income tax paid	-167,651	-59,301
Cash-Flows from operating activities	351,297	346,573
Acquisition of subsidiary	0	-713,072
Investments in property, plant and equipment	-21,084	-1,905
Investments in intangible assets	8,448	-66,478
Own produced assets	-100,000	0
Cash-Flows from investing activities	-112,635	-781,455
Borrowing	-793,000	0
Repayment of loan	691,055	350,000
Purchase of own shares	-118,718	0
Cash-Flows from financing activities	-220,663	350,000
Net increase / decrease in cash and cash equivalents	17,999	-84,882
Cash and cash equivalents at the beginning of the reporting period	4,528,833	3,360,231
Cash and cash equivalents at the end of the reporting period	4,546,833	3,275,349

Consolidated Statement of Changes in Equity

in Euro (condensed)	Subscribed capital	Capital reserve	Revenue reserve	Currency conversion difference	Own shares	Total
As of 31/12/2008	1,750,000	9,100,489	1,397,521	3,088	0	12,251,098
Currency conversion difference				7,315		7,315
Profit			278,347			278,347
Purchase of own shares					-118,718	-118,718
As of 31/12/2007	1,750,000	9,100,489	1,675,868	10,403	-118,718	12,418,042

in Euro (condensed)	Subscribed capital	Capital reserve	Revenue reserve	Currency conversion difference	Own shares	Total
As of 31/12/2007	1,750,000	9,100,489	964,799	2,585	0	11,817,873
Currency conversion difference				12,437		12,437
Profit			252,374			252,374
Purchase of own shares					0	0
As of 31/03/2008	1,750,000	9,100,489	1,217,173	15,022	0	12,082,684

22YOC AG 1st Interim Report 2009 Notes

Notes

General Information and Accounting and Valuation Principles

This unaudited interim report is based on the statutory provisions for the accounting and valuation of large joint-stock companies. YOC AG is obliged to compile a consolidated financial statement according to Section 290 II of the German Commercial Code (HGB) and used the discharging effect of Section 315 a of the HGB to report according to the International Financial Reporting Standards (IFRS). The quarterly report dated 31 March 2009 was prepared in accordance with the IAS 34. The standards and interpretations binding in the European Union from 1 January 2009 were used for the preparation of the quarterly report. The accounting principles applied in these interim financial statements are principally the same as those applied in the IFRS consolidated financial statements as at and for the year ended December 31, 2008. The quarterly report has not been audited yet.

The basis of consolidation of YOC Group encompasses the following companies as of 31 March 2009:

Related Party Relationships

Related parties pursuant to IAS 24 refer to members of the Management Board and the Supervisory Board of the company, majority shareholders and managers of associated companies and their family members.

Transactions with related parties did not take place.

Other Events

In the first quarter 2009 YOC AG acquires 10,000 of its own shares.

Events after the Balance Sheet Closing Date

On 29 April 2009, the YOC Share was admitted to the Prime Standard of the Frankfurt Stock Exchange.

	Fully consolidated companies	Shares in %	Held via No.	Since
Domestic
1	YOC AG, Berlin	-	-	-
2	Moustik GmbH, Berlin	100%	1	01/02/2007
3	Brutus Media GmbH, Regensburg	100%	1	31/07/2007
4	Sevenal AG, Cologne	100%	1	25/09/2007
5	belboon-adbutler GmbH, Hiddenhausen	100%	1	12/03/2008
International
6	YOC Ltd., London, United Kingdom	100%	1	01/01/2007
7	Moustik Sprl., Brussels, Belgium	100%	1	01/02/2007

Segment Reporting

in EUR	Mobile Marketing	Affiliate Marketing	Mobile B2C Services	Consoli dation	YOC-Group
01/01/2009 - 31/03/2009
Revenue	4.007.921	1.516.661	517.140	-	6.041.722
Intersegment Revenue	93.450	-	201.408	-294.858	-
Total	4.101.371	1.516.661	718.548	-294.858	6.041.722
Own work Capitalised	40.000	60.000	-	-	100.000
Changes in inventories	-109.000	-	-	-	-109.000
Other operating income	17.739	1 . 514	1.307	-	20.560
Total Revenue	3.956.660	1. 578.175	518.447	-	6.053.282
Cost of materials and services	880.431	1.268.364	72.555	-	2.221.350
Personnel expenses	1.861.675	150.131	55.839	-	2 .0 67. 6 4 5
Other operating expenses	745.004	25.492	321.981	-	1.092.477
EBITDA	469.550	134.188	6 8 .072	-	671.810

01/01/2008 - 31/03/2008

Revenue	3.388.945	1.114.987	768.756	-	5.272.688
Intersegment Revenue	125.530	2.960	289.067	-417.557	-
Total	3.514.475	1.117.947	1.057.823	-417.557	5.272.688
Own work Capitalised	-	-	-	-	-
Changes in inventories	-	-	-	-	-
Other operating income	7.977	434	54	-	8.465
Total Revenue	3.396.922	1.115.421	768.810	-	5.281.153
Cost of materials and services	911.455	863.972	146.388	-	1.921.815
Personnel expenses	1.326.747	70.997	54.216	-	1.451.960
Other operating expenses	656.836	24.014	469.621	-	1.150.471
EBITDA	501.884	156.438	98.585		756.907

The EBITDA can be applied to net profit as follows:

Profit (in TEUR)	31/03/2009	31/03/2008
EBITDA	672	757
Depreciation and amortisation	-202	-206
Financial Result	-64	-119
Income Tax	-128	-180
Profit	278	252

External revenue amounting to TEUR 5,165 (prev. year: TEUR 4,396) are attributed to Germany. The amount of TEUR 877 (prev.year: TEUR 877) is attributed to international revenue.

Financial Calender

23/03/2009

Publication of the Preliminary Overall Result of 08

22/04/2009

Balance press conference

20/05/2009

Publication of the 1st Interim Report 2009

15/07/2009

Annual general meeting

19/08/2009

Publication of the Semi-Annual Report 09

17/11/2009

Publication of the 3rd Interim Report 09

Preliminary dates: For the latest updates, please go to: www.yoc.com

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