11/26/2008

LYCOS Europe N.V. announces the results of strategic review process

Adhoc

Haarlem / Netherlands, November 26, 2008 – LYCOS Europe N.V. (“LYCOS”), one of the leading portal providers, online advertisers, hosting, domain and price-comparison platforms in Europe, today announces the results of its strategic review process.

Over the past months LYCOS, together with its advisors, has evaluated the different available options for the business. These options included the sale of the company as a whole, a sale of all or parts of the assets of LYCOS, restructuring and partial liquidation of the business.

As a result of this strategic review process the Management Board and the Supervisory Board of LYCOS came to the conclusion that the best available option of the company is to (i) strive for a sale of its domains, Danish portal and shopping activities and (ii) to discontinue the portal and webhosting activities.

As a result of this conclusion LYCOS intends to distribute an amount of EUR 50 million in 2008 to its shareholders.

The above mentioned steps are subject to the approval of LYCOS’ shareholder meeting, which will be held December 12th, 2008 in Amsterdam, the Netherlands. The full agenda as well as further information are available on the LYCOS corporate website.


About Lycos Europe
Lycos Europe (ISIN NL0000233195) is one of the leading European portal providers and online advertisers operating a network of websites in seven languages in Europe and the USA. The company's combination of search, communication services, online communities, content channels, shopping, homepage building and domain names registration addresses a wide range of target groups.

For further information, please contact:
LYCOS Europe
Public Relations
Frauke Riva
T: +49-(0)5241-80-71050
F: +49-(0)5241-80-671050
E: frauke.riva@lycos-europe.com
http://www.lycos-europe.com