OPEN Business Club AG sets offer price and offer volume
2006-12-06 21:13:51.0

Ad hoc announcement transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

Hamburg, December 6, 2006 – Together with the selling shareholders and the
underwriters, OPEN Business Club AG set the offer price for up to 2,181,781
offered shares and up to 327,268 shares to cover a potential over-allotment
at Euro 30.00 per share. All offered 2,509,049 shares, including the full
over-allotment, were allocated. Open Business Club AG will receive net
proceeds of approximately Euro 35.7 million from the 1,350,000 shares from
the capital increase.

Approximately 7.9 percent of the offered shares (including the
over-allotment) were issued to retail investors. As the offering was
oversubscribed, purchase offers of retail investors not entitled to a
preferential allotment were allocated at 50 percent each. Purchase offers
of retail investors entitled to a preferential allotment were allocated in
full. Approximately 5.3 percent of shares allocated pursuant to the
preferential allotment were allocated to members of the XING platform and
0.6 percent to employees of the Company or its subsidiary companies,
business partners of the Company, its current shareholders or persons in
other business relationships with the Company or its current shareholders.
Additionally, approximately 0.3 percent of the shares allocated pursuant to
the preferential allotment were allocated to members of the supervisory and
management boards of the Company (family members of supervisory and
management board members did not receive preferential allocation).


This press release constitutes neither an offer to sell nor a solicitation
to buy any securities. The offer is being made solely by means, and on the
basis of the prospectus, published on the website of OPEN Business Club AG
under  and held available free of charge at OPEN Business
Club AG and at the Underwriters. The Supplement No. 1 to the prospectus is
expected to be available accordingly as of December 4, 2006.

This press release does not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States of
America. The shares in OPEN Business Club AG (the 'Shares') may not be
offered or sold in the United States or to or for the account or benefit of
'U.S. persons' (as such term is defined in Regulation S under the U.S.
Securities Act of 1933, as amended (the 'Securities Act')) absent
registration or an exemption from registration under the Securities Act.
Any public offering of securities to be made in the United States would be
made by means of a prospectus that could be obtained from the Company and
that would contain detailed information about the Company and management,
as well as financial statements. The Shares have not been and will not be
registered under the Securities Act.

Daniela Hinrichs
VP Corporate Communications
Gänsemarkt 43
20354 Hamburg
Tel. +49 40 419131-19
Fax +49 40 419131-11

(c)DGAP 06.12.2006 
Language:     English
Issuer:       OPEN Business Club AG
              Gänsemarkt 43
              20354 Hamburg Deutschland
Phone:        +49 (0)40 419 131-10
Fax:          +49 (0)40 419 131-11
ISIN:         DE000XNG8888
WKN:          XNG888
Listed:       Amtlicher Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / designated to be listed
End of News                                     DGAP News-Service
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