<p align=justify>Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------------<p>mediantis AG: operating result considerably improved in first half year -
overall result negatively impacted by complete write-off of non-operating
participations<p>Munich, August 31, 2001 - mediantis AG considerably improved its operating
result in the first half of 2001 due to further growth and significant
optimisation of cost structure. The overall result of the first half-year is,
however, strongly impacted by the one-off write-offs of non-operating
participations.<p>At DEM 19.2 million sales at mediantis AG rose by 13% (first half of 2000: DEM
17.1 million). Although sales developed less rapidly than expected, the
operating result improved considerably, as scheduled. The operating loss EBIT
declined by 28% to DEM -8.8 million (DEM -12.3 million). The EBIT margin
dropped from -72% to -46%. EBITDA improved by 40% to DEM -6.2 million (DEM
-10.5 million). The EBITDA margin halved from -61% to -32%. The reasons for the
positive development of cost structure are to be found primarily in the
increase of marketing performance and the considerable improvement of purchase
margins from 24% to 35%.<p>The significant improvement of the operating result was not able to compensate
for the negative financial result of the first six months. Whilst a positive
financial result of DEM 7.5 million was recorded in the first half of the
previous year, the overall result of the reporting period is impacted by a
negative financial result of DEM -7.2 million. The financial result is
comprised of total of price gains and losses from a special fund of DEM -1.1
million, which has meanwhile been dissolved, and of the complete write-off of
financial assets of DEM 6.1 million. Here, pre-IPO participations were written
off to 0 as they cannot be sold currently. It can be assumed that sales can be
generated at a later point in time. mediantis AG`s radical write-off policy was
based on the principle of caution and ends the negative trend of the financial
result. The result for the period thus was DEM -16 million. As at June 30,
2001, mediantis AG held a liquidity reserve of DEM 22,6 million.<p>Half-yearly report on the internet at:
http://www.mediantis.de/home/company/incorporation/index.htm…
("Financial reports"
Contact:
mediantis AG, Julia Hofmann, T: 089-724414128, F : 089-724414119,
pr@mediantis.de<p>end of ad-hoc-announcement (c)DGAP 31.08.2001
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WKN: 528 520; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart<p>
312022 Aug 01<p><br><br>Autor: DGAP import (),20:24 31.08.2001</p>