Hugin Ad hoc announcement according to § 15 WpHG: Merger: mobilcom AG: freenet.de AG and mobilcom AG agree to merge

7/8/2005, 8:22 PM (Source: GlobeNewswire)
Ad-hoc announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Eckhard Spoerr to serve as CEO of the new company

mobilcom AG/Hamburg/Büdelsdorf - The Boards of mobilcom AG and
freenet.de AG today agreed to merge the two companies. The exchange
ratio between freenet.de shares and mobilcom shares is determined as
follows: 1.15 shares in the new company will be issued for each one
(1) freenet.de share, and one (1) share in the new company will be
issued for each one (1) mobilcom share. The new company will be
headquartered in Büdelsdorf (German state of Schleswig-Holstein).
The parties agreed that Eckhard Spoerr, CEO of freenet.de AG, will
also serve as CEO of mobilcom AG with effect from Sept. 1st, 2005 and
further, that he will serve as CEO of the new company before the
merger comes into effect.
The merger agreement between freenet.de AG and mobilcom AG will be
attested by notary before the end of the day. The freenet.de AG
Supervisory Board and the mobilcom AG Supervisory Board approved the
conclusion of the merger contract earlier today. The appropriateness
of the exchange ratio is still pending clearance by the
court-appointed merger auditor. The conclusion of the merger
agreement does not affect freenet.de AG's plans to pay a dividend of
EUR 0.35 per share for fiscal 2004.

--- End of Ad-hoc Message ---
WKN: 662240; ISIN: DE0006622400; Index: CDAX, HDAX, Prime All Share,
TecDAX, TECH All Share, MIDCAP;
Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in
Börse Berlin Bremen,
Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische
Wertpapierbörse zu Hamburg,
Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in
Bayerische Börse München,
Freiverkehr in Börse Stuttgart, Geregelter Markt in Frankfurter
Wertpapierbörse;
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