3U HOLDING AG sells subsidiary 3U TELECOM INC.

Marburg, December 29, 2008 – 3U HOLDING AG, which is listed on the Prime Standard at the Frankfurt Stock Exchange sold its subsidiary 3U TELECOM INC. within the framework of a Management Buyout. The parties involved agreed to maintain silence about the selling price.

Due to the sale of the subsidiary 3U HOLDING AG will generate an extraordinary income in the fourth quarter. 3U TELECOM INC. was reported as a held-for-sale company in previous financial reports and generated an earnings contribution totalling EUR 0.53 m in the first nine months of the current financial year.

“Through the sale of 3U TELECOM INC. we took another step forward in readjusting our investment portfolio. With liquid funds amounting to roughly EUR 35 m we have a maximum degree of latitude in the development of our investment business, which will be carried out shortly”, according to Oliver Zimmermann, CFO of 3U HOLDING AG.

 

Contact:
Peter Alex

Head of Investor Relations
3U HOLDING AG

Frauenbergstraße 31–33
35039 Marburg

Tel.: +49 6421 999-1200
Fax: +49 6421 999-1222
E-Mail: ir@3u.net

3U HOLDING AG with improved result in the first nine moths of the 2008 fiscal year

Marburg, November 17, 2008 – In the first nine months of the 2008 fiscal year 3U HOLDING AG, Marburg, posted revenues of € 80.59 million, following on from € 83.04 million in the comparable period of the previous year. The activities continued to focus on a consistent orientation to earnings. This is reflected in the positive development of the EBITDA (earnings before interest, taxes, depreciation and amortization) and the EBT (earnings before taxes). In the first nine months of the current fiscal year the EBITDA rose by 13%, from € 7.49 million in the comparable period of the previous year to € 8.48 million. The earnings before taxes were negative at € -6.79 million in the third quarter of 2008 due to belated depreciation at Group level (third quarter 2007: € -1.50 million). From a nine-month stance it was possible to increase the EBT, however, from € -4.62 million in 2007 to € -2.10 million in 2008.

Due to the termination of the sales processes for the Group subsidiaries LambdaNet Communications Deutschland AG and 3U TELECOM GmbH Austria the “held-for-sale” status of both companies was lifted in September 2008. In accordance with IFRS regulations the revenues of the “held-for-sale” companies were not included in the consolidated statements in past quarters but only the results for the period. The depreciation of the shareholdings was neutralized at group level. With the lifting of the “held-for-sale” status as of September 30, 2008 the companies affected will be consolidated in full again and the suspended depreciation will be performed belatedly. The amount of the belated depreciation from January 1 to June 30, 2008 totaled € 4.34 million at LambdaNet. For the 2007 fiscal year there is a negative operating income contribution of € 2.90 million, which was also performed belatedly as of September 30, 2008.

The growth in earnings at the shareholdings in the fixed-network telephony segment also continued in the third quarter of 2008. Although the revenues decreased as scheduled in the first nine months of 2008 compared to the same period in 2007, from € 57.81 million to € 55.08 million, the EBITDA increased in the corresponding period by 231%, from € 1.62 million to € 5.37 million, however. The earnings before taxes increased in the same period by 335%, from € 1.14 million to € 4.96 million.

In the broadband/IP segment LambdaNet Communications Deutschland AG posted revenues of € 25.49 million in the first nine months of 2008 (previous year: € 25.23 million). Adjusted for special effects from the “held-for-sale” status the EBITDA decreased in the first nine months of 2008 over 2007, from € 5.88 million to € 3.12 million. This decrease is due on the whole to pre-production costs for new customer orders and the increase in personnel for the implementation of the planned growth in revenues. The earnings before taxes improved in this period from € -6.08 million to € -5.07 million.

The equity capital ratio improved in a year-on-year comparison by more than four percentage points to 43.71% as of September 30, 2008. The liquid and near-liquid funds of the 3U Group have decreased only slightly to € 34.88 market as of the cut-off date September 30, 2008 compared to June 30, 2008 (€ 35.49 million) despite further repayments by LambdaNet.

The earnings per share in the reporting period were € -0.05 (same period previous year: € -0.09).

Contact

3U HOLDING AG
Neue Kasseler Str. 62F
35039 Marburg
phone: +49 6421 999-1200
fax: +49 6421 999-1998
email: ir@3u.net

3U HOLDING AG: Announcement to Section 4 Sub-section 2 Directive (EU) No. 2273/2003

Marburg, November 6, 2008. The share buy-back program announced by 3U HOLDING AG on October 31, 2008 in an ad hoc announcement begins on November 6, 2008 and is to end on February 27, 2009 at the latest. The Board of Management is thus availing of the authorization granted by the general meeting on August 28, 2007. For the duration of the share buy-back program 3U HOLDING AG reserves the right – in compliance with statutory provisions – to suspend and resume the buy-back program at any time. The purchased shares may be used for all the purposes foreseen in the authorization resolution adopted at the general meeting on August 28, 2007.

Landesbank Baden-Württemberg (LBBW) was commissioned with buying back as many as 4,684,224 shares in the company in accordance with the trading conditions laid down in Section 4 to 6 of the Directive (EU) No. 2273/2003 (EU DIR). LBBW reaches its decisions on the point in time of the purchase of the shares independently and unswayed by the company.

LBBW was commissioned with buying back the shares exclusively through the stock exchange. The transaction value per share (excl. incidental costs) may not be more than 10% higher than or 25% lower than the closing price of the stock in XETRA trading of Frankfurt stock exchange on the trading day prior to the repurchase. Furthermore, in accordance with Section 5 Sub-section 1 EU DIR shares may not be purchased at a price higher than that of the last independent transaction or (should this be higher) higher than that of the current highest independent bid on the stock exchange at which the purchase is taking place.

In accordance with Section 5 Sub-section 2 EU DIR no more than 25% of the average daily share turnover on the stock exchange at which the purchase is taking place may be purchased. The average daily stock turnover is derived from the average daily trading volume of the last twenty trading days prior to the purchase date.

The transactions will be announced in a manner that complies with the requirements of Section 4 Sub-section 4 EU DIR at the end of the seventh trading day following their execution at the latest. Moreover, 3U HOLDING AG will provide regular information on the progress of the share buy-back program under www.3u.net.

 

Contact:
Peter Alex

Head of Investor Relations
3U HOLDING AG

Frauenbergstraße 31–33
35039 Marburg

Tel.: +49 6421 999-1200
Fax: +49 6421 999-1222
E-Mail: ir@3u.net

3U HOLDING AG adopts share buy-back program

Marburg, October 31, 2008. The Board of Management of 3U HOLDING AG, Marburg, decided – with the approval of the Supervisory Board – on October 31, 2008 and on the basis of the authorization granted by the general meeting on August 28, 2007, to buy back as many as 4,684,224 of the common stock shares of the company on the stock exchange. The decision was taken with respect to the present low price level of the 3U share. The purchased shares may be used for all the purposes foreseen in the authorization resolution adopted at the general meeting on August 28, 2007.

The buy-back is being conducted in line with the safe harbor regulations in accordance with §§ 14 Section 2, 20a sub-section 3 Securities Trading Act (Germany) in conjunction with the Directive (EU) No. 2273/2003 of the Commission from December 22, 2003. It will be conducted by Landesbank Baden-Württemberg, which reaches its decisions on the point in time of the purchase of the shares in 3U HOLDING AG independently and unswayed by the company. For the duration of the share buy-back program 3U HOLDING AG reserves the right – in compliance with statutory provisions – to suspend and resume the buy-back program at any time, and in particular with a view to the current capital market environment.

The starting date of the buy-back program and further details of the program will be announced separately prior to its commencement.

Contact

3U HOLDING AG
Neue Kasseler Str. 62F
35039 Marburg
phone: +49 6421 999-1200
fax: +49 6421 999-1998
email: ir@3u.net

3U HOLDING AG terminates sales process for shareholdings

Marburg, 30.09.2008 – 3U HOLDING AG is terminating the ongoing sales processes for the group subsidiaries LambdaNet Communications Deutschland AG and 3U TELECOM GmbH Austria. As a consequence of the heightened crisis in the banking and credit sectors, the possibilities for purchase price financing on the part of potential buyers have again deteriorated, with the effect that from the stance of the management purchase prices commensurate with the actual value of the shareholdings cannot be attained at present. For this reason the “held-for-sale” status applicable to LambdaNet Communications Deutschland AG and 3U TELECOM GmbH Austria in line with the accounting provisions of the International Financial Reporting Standards (IFRS) is to be lifted. In the past quarters only the results for the period and not the individual items on the income statement, and in particular not the revenues of the “held-for-sale” companies, were included in the consolidated statements. In accordance with these provisions the depreciation at the “held-for-sale” companies was neutralized at group level. With the lifting of the “held-for-sale” status the companies affected will be consolidated in full again and the suspended depreciation will be belatedly included in the quarterly statements of 3U HOLDING AG as of September 30, 2008. The total of such belated depreciation at LambdaNet amounts to € 7.24 million.

In addition, the board of management is sticking by the increase announced in August for the results prognosis in the fixed-line telephony segment as a consequence of the continued positive business development. For the year as a whole it is expected that this segment will make a contribution of some € 5 million to the consolidated results.

At group level it is expected for 2008 as a whole, taking into account the belated depreciation for the companies managed as “held-for-sale” companies to date, that the consolidated result will be around minus € 5 million. In this respect a negative contribution to results amounting to € 2.9 million is accounted for by the belated depreciation from 2007. The consolidated revenues for 2008 as a whole are expected to be about € 102 million.

Contact

3U HOLDING AG
Neue Kasseler Str. 62F
35039 Marburg
phone: +49 6421 999-1200
fax: +49 6421 999-1998
e-mail: ir@3u.net

3U HOLDING AG increases profits

Marburg, August 4th 2008 – The upwards trend in the profits of 3U HOLDING AG also continued in the second quarter.

In line with the authoritative accounting provisions of the International Financial Reporting Standards (IFRS), the sales revenues of LambdaNet and of the subsidiaries in Austria and the USA – as so-called “held for sale” companies – were not included in the consolidated reporting entity, merely their aggregated balance-sheet values and the results for the period. In accordance with these provisions, the depreciation at the “held for sale” companies was neutralized at group level.

Even though the turnover slightly decreased, the profit for the first half of 2008 increased in comparison with the comparable period in the previous year by € 7.41 million to € 4.40 million. Investments in the fixed-line telephony sector contributed € 3.18 million to profits. Compared with the same period last year, profits in this sector increased by 780% (comparative period in the previous year € 0.36 million).

Consolidated Sales as of June 30th, 2008 resulted from the fixed- line telephony sector only. With € 36.47 million, this was only slightly (2.2%) below the turnover for the first half of 2007 (€ 37.28 million).

The positive outcome of the systematic focus on profit in the fixed-line telephony sector can also be seen in the other profit figures. Earnings before interest, taxes and depreciation (EBITDA) from ongoing operations increased in comparison with the first half of 2007 by € 2.54 million from € 0.80 million to € 3.34 million. Earnings before taxes (EBT) increased from € 0.38 million in the first six months of 2007 to € 3.64 million in the same period of 2008. As a result of these good results the profit forecast for the fixed-line telephony sector is being increased. This sector is now expected to contribute approximately € 5 million to group profits.

In the period under review the profit per share was € 0.09 (comparative period last year € -0.06). The equity ratio has also improved again, increasing from 38.81% in the first six months of 2007 to its current level of 47.00%.

In spite of further repayment of loans by LambdaNet amounting to € 2.31 million, the liquid and near-liquid assets of the 3U Group remained unchanged at € 35.49 million compared with March 31st, 2008 (€ 35.48 million).

Contact

3U HOLDING AG
Neue Kasseler Str. 62F D-35039 Marburg
phone: +49 6421 999-1200
fax: +49 6421 999-1998
e-mail: ir@3u.net

3U HOLDING AG continues with positive results

Marburg, 21 May 2008 – In the first quarter of 2008 3U HOLDING AG continued the positive course of business. Thus in the first quarter of 2008 the consolidated profit for the period rose – despite a scheduled slight decrease in sales revenues – by € 4.00 million to € 1.81 million in a year-on-year comparison. A significant contribution to this result was made by the shareholdings in the fixed-line network telephony segment, with an upturn of € 1.44 million (Q1 previous year: € -0.06 million). In line with the authoritative accounting provisions of the International Financial Reporting Standards (IFRS), the sales revenues of LambdaNet Communications Deutschland AG and of the 3U subsidiaries in Austria and the USA – as so-called “held for sale” companies – were not included in the consolidated reporting entity, merely their aggregated balance-sheet values and the results for the period. In accordance with these provisions, the depreciation at the “held for sale” companies was neutralized at group level.

The consolidated revenues as of 31 March 2008 thus again solely came from the fixed-line network telephony segment. At € 18.18 million this was only marginally lower than the figure for the first quarter of 2007 (€ 18.34 million).

The development of results at 3U HOLDING AG shows that the decision to restructure the existing shareholdings and orient these towards earnings was the correct one. The positive business development in recent years was also continued in the first quarter of 2008, as the earnings ratios clearly illustrate: The earnings before interest, taxes, depreciation and amortization (EBITDA) from continued operations rose over the same quarter for the previous year by € 1.29 million, from € 0.16 million to € 1.45 million. The earnings before taxes (EBT) rose from € -0.05 million in the first three months of 2007 to € 1.53 million in the same period of 2008.

The earnings per share in the reporting period were € 0.04 (Q1 previous year: € -0.05). The equity capital ratio also improved considerably, rising from 38.81 % in the first quarter of 2007 to a figure of 43.93 % at present.

The liquid and near-liquid funds at the 3U Group have declined compared to 31 December 2007, from € 38.54 million to € 35.48 million, primarily due to further amortization payments of € 1.61 million by LambdaNet, investment of € 1.01 million in the fixed assets, as well as advance payments of € 1.55 million for network rental and interconnect connections.

The Board of Management is presently looking into the first shareholdings with the focus on innovative technologies and corporate restructurings. 3U HOLDING AG still intends to sell the subsidiary LambdaNet.

Contact

3U HOLDING AG
Neue Kasseler Str. 62F D-35039 Marburg
phone: +49 6421 999-1200
fax: +49 6421 999-1998
e-mail: ir@3u.net

3U HOLDING AG with positive result for the year

Marburg, April 7, 2008 – Despite a scheduled decrease in the sales revenues to € 75.70 million (previous year: € 87.70 million), 3U HOLDING AG posted a net profit of € 1.67 million (previous year: € -3.84 million) for the 2007 fiscal year. In line with the authoritative accounting provisions of the International Financial Reporting Standards (IFRS), the sales revenues of LambdaNet and of the subsidiaries in Austria and the USA – as so-called “held for sale” companies – were not included in the consolidated reporting entity, merely their aggregated balance-sheet values and the results for the period. In accordance with these provisions, the depreciation at the “held for sale” companies was neutralized at group level, something which led to a positive special item.

Thanks to a consistent orientation to results, the figures for the continued business area fixed-network telephony have improved considerably, even exceeding expectations. The earnings before interest, taxes, depreciation and amortization (EBITDA) increased over the previous year by € 3.23 million to € 3.09 million (previous year: € -0.14 million). In the fourth quarter of 2007 the EBITDA from continued operations amounted to € 1.56 million (Q4 2006: € -0.16 million). The earnings before taxes (EBT) rose by 867%, from € 0.43 million in 2006 to € 4.16 million in 2007, whereby € 3.02 million alone were attained in the fourth quarter of 2007 (previous year: € -1.51 million).

The earnings per share in the reporting period are € 0.04 (previous year: € -0.08). The equity capital ratio improved again, rising to 42.08% (previous year: 38.51%). The operative cash flow in the 2007 fiscal year was, as planned, positive, rising over the previous year (€ 5.22 million) to € 8.30 million.

Despite the reduction of € 5.43 million in financial liabilities at LambdaNet, the liquid funds of the group decreased only slightly as of 31.12.2007, to € 38.54 million (previous year: € 38.83 million).

For the 2008 fiscal year the board of management is planning initial shareholdings with the focus on innovative technologies and corporate restructuring. In view of the ongoing difficult market conditions for the continued business area fixed-network telephony, in 2008 external sales of ca. € 68 million are expected with a net result of € 1.5 million and EBITDA of € 1.4 million.

The sales process for the subsidiary LambdaNet has been impacted by the ongoing sub-prime crisis and is still open.

The spin-off of the telecommunications services to the newly-founded company 3U TELECOM GmbH, a move adopted by the extraordinary general meeting on January 15, 2007, could not be entered on the commercial register until December 29, 2007 as a consequence of lawsuits for rescission and declaration of nullity. The spin-off of the operating business from 3U HOLDING AG was performed retroactively for the 2007 fiscal year, meaning that more time was required in the coordination and preparation of the annual financial statements. As a consequence, the date for the publication of the 2007 annual report was postponed until April 15, 2008. It now transpires that the annual report can not be published until April 30, 2008. 3U HOLDING AG is thus complying with its statutory obligations.

Contact

3U HOLDING AG
Neue Kasseler Str. 62F D-35039 Marburg
phone: +49 6421 999-1200
fax: +49 6421 999-1998
e-mail: ir@3u.net