Through the acquisition of LambdaNet and OneTel, 3U TELECOM AG does not anticipate a further flow of funds / Voluntary lock-up period of three years on the part of the acting board members

Contrary to information that would imply otherwise, 3U TELECOM AG (Prime Standard, ISIN DE0005167902) does not anticipate any further flow of funds in relation to their acquisitions of LambdaNet Communications Deutschland AG and OneTel Telecommunication GmbH. 3U TELECOM AG thus posses an unaltered financial position. Among other things, this is displayed by the financial state of short-term holdings, which were over €31 million as of the end of Q2 2004.

The acquisition of LambdaNet is an important contribution to the strategic direction of the 3U Corporation. In the future, LambdaNet will act as a technology platform for the entire 3U group. This integration makes it possible for the 3U Corporation to augment its current portfolio of telecommunication services (Call by Call & cps), especially in the area of IP services.

Furthermore, the acting directors Michael Schmidt and Roland Thieme have voluntarily pledged not to sell any of their held stock for a timeframe of three years (Lock-Up Period).

Contact:

3U TELECOM AG
Michael Diegelmann
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1111
E-Mail: ir@3u.net

Security I.D. Number: 516790; ISIN: DE0005167902; Index: NEMAX 50

Listed: Geregelter Markt in Frankfurt (Prime Standard); Unofficial Market in Berlin-Bremen, Düsseldorf, Hamburg, Hannover and Stuttgart

3U TELECOM AG forms a substantial partnership with Neckermann

Today 3U TELECOM AG (Prime Standard, ISIN DE0005167902) announces a substantial sales partnership with the mail-order-company Neckermann, a subsidiary of the Karstadt-Quelle Corporation. Beginning for the first time in July of 2004, Neckermann will offer its customers its own fixed-line scheme (Neckermann-phone-powered by 3U). This scheme is a special carrier pre-selection offer for Neckermann customers, allowing them to make calls up to 50% cheaper than the T-Net Standard Scheme from Deutsche Telecom AG (scheme date 15/05/2004). 3U TELECOM AG will undertake all order processing. Both companies will thus obtain an excellent gateway for reaching new end customers, who will be able to make all of their calls (local, national & international) using the network of 3U TELECOM AG.

This exclusive offer, which is sent out with the Neckermann catalogue, will be accessible to about 7 million households. Michael Schmidt, on 3U’s Management board, said, “Additionally, we will make the customers aware of this offer through direct marketing, so by year’s end an anticipated 10,000 plus customers will have taken advantage of this offer, and an additional source of income will be created for both companies.”

3U’s cooperation with Neckermann is similar to the recently published agreement with the mail-order-company Quelle. In its pursuit of developing its potential yield, the agreement with Quelle is a new milestone for 3U TELECOM AG, and demonstrates the consistent pursuit of 3U’s business strategy.

Contact:

3U TELECOM AG
Michael Diegelmann
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1111
E-Mail: ir@3u.net

Security I.D. Number: 516790; ISIN: DE0005167902; Index: NEMAX 50

Listed: Geregelter Markt in Frankfurt (Prime Standard); Unofficial Market in Berlin-Bremen, Düsseldorf, Hamburg, Hannover and Stuttgart