09.08.2004 – 08:00

freenet.de AG

euro adhoc: freenet.de AG
Buybacks
freenet.de AG: Share Buyback (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

freenet.de AG: Share Buyback

freenet.de AG / Hamburg - Based on the authorization granted by the
Annual General Meeting on June 9th, 2004, the executive board of
freenet.de AG, Hamburg, has decided to start a buyback program of own
shares amounting to up to 5 % of the company’s capital stock (which
corresponds to up to 2,814,940 shares). The buyback will be performed
on the stock exchange.
Under the terms of the authorization, which runs through December
8th, 2005, own shares amounting to up to 10 % of the given capital
stock may be bought. The equivalent value per share (without added
transaction expenses) to be paid by the company must not exceed the
average closing price of the share (in the Xetra trading system on
the Frankfurt Stock exchange) for the three trading days preceding
the purchase transaction by more than 5 %, nor may it fall short of
this average by more than 5 %.

end of announcement        euro adhoc 09.08.2004

Further inquiry note:

Andreas Neumann
Tel.: +49 (0)40 51306 778
E-Mail: IR@freenet-ag.de

Branche: Online
ISIN: DE0005792006
WKN: 579200
Index: Prime Standard, TecDAX
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade