11 88 0 Solutions AG

ots Ad hoc-Service: Telegate AG Quartal 1

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Martinsried / München (ots Ad hoc-Service) - 95 percent increase in revenues with a positive EBITDA in the first quarter of 2000 Information-service provide telegate continues its successful process of expansion Munich, 16 May 2000 - telegate AG, Munich, increased its revenues by 95 percent in the first quarter of 2000 compared to the same period last year. Following DM 31.8 million in the first quarter of 1999, revenues from January to March 2000 amounted to DM 62 million. Despite the intensive expansion activities in the first quarter of 2000, the company was still able to record a positive result of DM 105,000 before interest, taxes and depreciation (EBITDA) (1999: DM 785,000). Over the last three months, the service enterprise has concentrated primarily on gaining a foothold in the markets of Italy, Spain and the USA, as well as on the expansion of its internet-service portal. Although this resulted in a deficit after taxes of DM 3.3 million, the result is better than called for in the company's own plans. The loss comes from the high start-up costs for expansion at home and abroad. These large investments are essential to ensure the international success of telegate over the coming months. Furthermore, additional positive impulses for the international expansion of telegate AG will be generated by the partnership with the new majority shareholder SEAT Pagine Gialle. The operating result amounts to DM -3.6 million. Thus, the result per share according to US GAAP is minus DM 0.26 compared to minus DM 0.08 Mark in the first quarter of 1999. Altogether, telegate AG registered 28.6 million calls in the first quarter of this year, an increase of 47 percent compared to the same period last year (19.5 million). The number of calls to the information and service number 11880 alone rose by 44 percent to 25.6 million (1st quarter 1999: 17.8 million). On average, telegate receives more than 500,000 calls per day during peak periods. Financial information: Press information: telegate AG Hoschke & Consorten Wolfgang Brand Anja Meyer, Andreas Hoschke Fraunhofer Str. 20 Deichstrasse 29 D-82152 Munich-Martinsried D-20459 Hamburg Tel.: +49 89 8954-1120 Tel.: +49 40 361146 Fax: +49 89 8954-1810 Fax: +49 40 361144 E-mail: wb@telegate.de E-mail: a.meyer@hoschke.de End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: 11 88 0 Solutions AG, übermittelt durch news aktuell

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