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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Company Information

27.04.2008

Büdelsdorf/Stuttgart, 27 April 2008 — freenet AG has today signed an
agreement for the acquisition of the debitel Group, mainly consisting
of debitel AG, TALKLINE GmbH and _dug telecom ag. The seller is
debitel (Netherlands) Holding BV, a holding company controlled by
Permira funds. The supervisory board of freenet AG has approved the
acquisition.

As consideration for the acquisition of the debitel Group, freenet
will issue 32 million new freenet shares (approx. 24.99 % after the
capital increase) and a long-term EUR132.5m interest-bearing loan
note to the vendor. On a cash-free basis, the debitel Group will be
acquired with financial liabilities in the amount of approx. EUR1,135
million.

Completion of the transaction is subject to anti-trust approval by
the German cartel authority (Bundeskartellamt) and establishment of
the conditions necessary for listing the new shares. Permira has
agreed to a lock-up for 100% of the new shares until the end of the
Annual General Meeting 2008 and for 60% of the new shares until the
end of the Annual General Meeting 2009, in any event not longer than
31st August 2009.

As a consequence of the transaction, freenet does not intend to pay a
dividend in 2008.


end of announcement euro adhoc
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ots Originaltext: freenet AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

freenet AG

Andreas Neumann

IR-Manager

Tel.: +49 (0)40 51306-778

E-Mail: ir@freenet.ag

Branche: Online
ISIN: DE000A0EAMM0
WKN: A0EAMM
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade