DGAP-Adhoc

United Internet cancels 10 million treasury shares, reduces capital stock by EUR 10 million to EUR 215 million and resolves new share buyback program

United Internet AG  / Key word(s): Corporate Action/Share Buyback

15.08.2011 12:39

Dissemination 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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Montabaur, August 15, 2011. Based on the authorization granted by the
Annual Shareholders´ Meeting of United Internet AG (ISIN DE0005089031) on
May 26, 2011 regarding the acquisition and use of treasury shares, and with
the approval of the Supervisory Board, the Executive Board today resolved
to cancel a total of 10,000,000 shares from the company´s stock of treasury
shares, purchased in the course of share buyback programs, and thus reduce
the capital stock of United Internet AG by EUR 10 million, from EUR 225
million to EUR 215 million. The capital reduction is aimed at optimizing
the company´s balance sheet and capital structure.

In execution of this resolution, 10,000,000 registered no-par value shares
with a notional share of capital stock of 1 euro each will be cancelled.
Following the cancellation of these 10,000,000 shares, United Internet AG
will still hold 12,194,384 treasury shares. This corresponds to 5.67% of
the reduced capital stock of EUR 215 million.

At the same time, capital stock will be reduced by EUR 10,000,000 from EUR
225,000,000 at present to EUR 215,000,000. The number of shares issued will
decrease correspondingly from 225,000,000 shares to 215,000,000 shares.
Issued shares will continue to represent a notional share of capital stock
of 1 euro each. United Internet AG expects the capital reduction to become
effective as of August 16, 2011.

The Management Board of United Internet AG has also resolved to launch a
further share buyback program, which will begin once the cancellation and
capital reduction have become effective. In the course of this new share
buyback program, up to 9,300,000 company shares (corresponding to 4.33% of
the reduced capital stock of EUR 215 million) are to be bought back via the
stock exchange. The buyback follows an authorization of the Annual
Shareholders´ Meeting of May 26, 2011 to buy back shares representing up to
10% of the company´s capital stock. The authorization was issued for the
period up to November 26, 2012.

Treasury shares can be used for all purposes stated in the authorization of
the Annual Shareholders´ Meeting of May 26, 2011, in particular for current
and future employee stock ownership plans and / or as an acquisition
currency, but may also be cancelled.

Marcus Bauer  
United Internet AG
Head of Investor Relations
Elgendorfer Str. 57
D-56410 Montabaur

Phone: [phone]
Fax: [phone]
E-Mail: [e-mail]
Internet: www.united-internet.de

15.08.2011 DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      United Internet AG
              Elgendorfer Straße 57
              56410 Montabaur
              Germany
Phone:        [phone] / 96 - 1100
Fax:          [phone] / 96 - 1013
E-mail:       [e-mail]
Internet:     www.united-internet.de
ISIN:         DE0005089031
WKN:          508903
Indices:      TecDAX
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard);
              Freiverkehr in Düsseldorf, Hamburg, Hannover, München,
              Stuttgart

End of Announcement                             DGAP News-Service

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