XING AG acquires cember.net and becomes market leader for online business networking in Turkey
08-01-22

XING AG / Acquisition/Strategic Company Decision

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, January 22, 2008 – XING AG (ISIN: DE000XNG8888) is driving forward
its course of consolidation in Europe with the takeover of cember.net
(www.cember.net), the largest business network in Turkey. Cost of the
acquisition was announced to be 4.36 million euros in total, payable in
several stages. After two successful takeovers of direct competitors in the
past year alone, the acquisition of cember.net now marks XING out as the
clear market leader providing online networking for business professionals
in the Turkish-speaking world. XING AG acquired the Spanish networks
eConozco and Neurona in 2007. At present, cember.net has approximately
280,000 members who use the network either for free or on a fee-paying
basis. In 2007, thanks to growth in fee-paying members and additional
revenues from advertising, the company was slightly profitable.

Already active on the Turkish market, XING’s acquisition of cember.net will
reinforce its profile and positioning in all the key centers of commerce.
Due to parallels including the high compatibility of both platforms, their
similar business models and common focus on business professionals, XING AG
anticipates that cember.net members will also be willing to pay for the
more comprehensive features available with XING’s Premium Membership.

Çağlar Erol and Nihan Colak Erol, the Co-Founders of cember.net, will
play a key active role in the integration of cember.net to XING, and will
also support the Turkish-speaking XING community with a small team based in
Turkey itself.
 

Important notice:
Cautionary note regarding forward-looking statements 
This notice contains forward-looking statements concerning the operations,
business development, membership growth and financial results of XING AG
and/or the industry in which the Company operates. These forward-looking
statements are generally indicated by terms such as 'estimate',
'anticipate', 'expect', 'assume', 'intend', 'predict', 'plan', 'strive',
'should', 'could', 'would', 'will' and similar phrasing. Forward-looking
statements contained in this notice, including assumptions, estimates and
opinions by the Company or information provided by third parties, are based
on the current plans, estimates, assumptions and forecasts, and may entail
uncertainties and risks. A variety of different factors could lead to
actual results, trends and conditions that differ significantly from the
forward-looking statements contained in this notice. The Company does not
assume any liability for this eventuality and cannot guarantee that the
information upon which the forward-looking statements are based is correct
and complete, nor is the Company, its subsidiaries and affiliated companies
liable for the future correctness of the statements outlined in this
notice. Information and statistics from external sources should not be
interpreted as information and statistics that have been verified by the
Company. The Company, its subsidiaries and affiliated companies are not
obliged to update any forward-looking statements.

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Information and Explaination of the Issuer to this News:

Befreiungsvermerk am 22. Januar 2008 per Fax erfolgt.

Kontakt:
Patrick Möller
Director Investor Relations
Gänsemarkt 43
20354 Hamburg
Tel. +49 40 419131-793
Fax +49 40 419131-11
investor-relations@xing.com



22.01.2008  Financial News transmitted by DGAP
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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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