Zeal Network SE — Earnings Release 2006

Feb 12, 2007

News Details

Ad-hoc | 12 February 2007 07:04

Tipp24: Group earnings for 2006 higher than expected / Share buyback programme agreed

Tipp24 AG / Preliminary Results

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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Ad-hoc disclosure pursuant to § 15 WpHG

(German Securities Trading Act)

Tipp24: Group earnings for 2006 higher than expected

Share buyback programme agreed

(Hamburg, 12 February 2007) The company increased the number of its

customers considerably to about 1.8 million (previous year: 1.3 million) in

the 2006 business year. The transaction volume – essentially lottery

tickets that are sold – climbed to EUR 264.2 (204.7) million, growth of

29.1 per cent. The sales generated by Tipp24 of EUR 34.6 (26.1) million

were up 32.6 per cent, which was within the forecast growth range.

Earnings before interest and tax (EBIT) improved by 20.0 per cent to EUR

7.2 (6.0) million. Group earnings increased far more – more than doubling

to EUR 7.5 (3.3) million, an increase of 127.3 per cent. Tipp24‘s Group

earnings were higher than expected as a result.

The management board of Tipp24 AG has decided to implement a share buyback

programme. This decision is based on a resolution passed by the Annual

Shareholders‘ Meeting on 18. May 2006, which authorised Tipp24 AG to buy

its own shares back until 18. November 2007.

Up to five per cent of the share capital, i.e. 443,615 shares, are to be

acquired in the context of the share buyback programme. The programme is

starting on 19. February and ending on 30. September 2007. The price Tipp24

AG pays per share (excluding incidental acquisition costs) is not allowed

to exceed 10 per cent more or less than the stock market price. The

authoritative stock market price in this context is the average final price

of the Tipp24 AG share in XETRA trading at Frankfurt Stock Exchange on the

last three stock exchange trading days before the shares are acquired. In

addition to this, the shares will not be acquired at prices that are above

the last independently made sale or, if it is higher, the last independent

offer to buy the shares in XETRA trading or floor trading at Frankfurt

Stock Exchange.

Tipp24 AG has commissioned a bank to buy back the shares. This means that

the decisions about the timing and volume of each share purchase will be

taken independently, on the condition that the shares are bought at the

best possible price, maintaining the interests of Tipp24. No more than 25

per cent of the average daily turnover with the Tipp24 AG shares in XETRA

trading or floor trading at Frankfurt Stock Exchange will be acquired per

day. The average daily share turnover is calculated on the basis of the

average daily trading volume in the relevant trading segment during the 20

stock exchange trading days before the date of purchase.

The primary purpose of the share buyback programme is to use the shares

acquired as consideration within the framework of company mergers or to

acquire companies or interests in companies. In addition to this, some or

all of the shares acquired can be withdrawn instead. All the buyback

transactions will be announced on the Tipp24 AG website (www.tipp24-ag.de)

after they have been completed.

Additional information:

ISIN: DE0007847147

Security Identification Number: 784714

Listing: official market / Prime Standard; Frankfurt Stock Exchange

Registered office of the company: Germany

Contact:

Tipp24 AG

Frank Hoffmann

Investor Relations

Tel.: +49 40 32 55 33-142

E-mail: frank.hoffmann@tipp24.de

Internet: www.tipp24-ag.de

DGAP 12.02.2007

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Language: English

Issuer: Tipp24 AG

          Straßenbahnring 11-13

          20251 Hamburg Deutschland

Phone: +49 (0)40 325533-0

Fax: +49 (0)40 325533-77

E-mail: office@tipp24.de

WWW: www.tipp24-ag.de

ISIN: DE0007847147

WKN: 784714

Indices:

Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in

          Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

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