Ad-hoc-Announcement acc. to § 15 WpHG

Mixed start to FY2008 for AdLINK Group

Montabaur, May 8, 2008. The Management Board of AdLINK Internet Media AG (AdLINK Group), one of Europe’s leading independent networks for digital marketing solutions, today announced its consolidated figures for the first quarter of 2008.

Consolidated sales grew by 14.2% to EUR 57.1 million, compared with EUR 50.0 million in the same period of 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 20.9%, from EUR 6.7 million last year to EUR 5.3 million. Earnings before taxes (EBT) was at EUR 4.0 million after EUR 5.4 million in the prior year (-25.9%). Due to a lower group tax rate, net income fell only by 7.4% to EUR 2.7 million, compared with EUR 2.9 million last year. Whereas our brands AdLINK Media and affilinet continued to profit from the positive development of the online advertising market, sales in Domain Marketing (Sedo) were below budget and also prior year. In addition to the weak dollar, the main reason was a sudden change in policy and algorithms by our most important partner in the field of search engines marketing. Earnings per share (EPS) amounted to EUR 0.10, compared with EUR 0.11 in the same period of 2007.

Annual comparison in EUR million	Q1 2007	Q1 2008	Change
Sales	50.0	57.1	14.2
EBITDA	6.7	5.3	-20.9
EBT	5.4	4.0	-25.9
Net income	2.9	2.7	-7.4
Undiluted EPS in EUR	0.11	0.10	-9.1