LOS ANGELES, CA - (May 30, 2003) -

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

Subscriptions Drive 75% Revenue Growth Over Q1 2002

MatchNet plc (MHJG: Frankfurt
Stock Exchange - Prime Standard), one of the largest providers of
online personals worldwide, today reported first quarter results for
the period ended March 31, 2003.

Revenues increased 75% to $7,361,433 in Q1 2003, compared to
$4,215,663 in Q1 2002. Increase in revenues is primarily attributed
to growth in membership and improving conversion of members into
paying subscribers.

Operating expenses were $3,098,502 in Q1 2003, or 42% of revenues
compared to $2,108,162, or 50% of revenues in Q1 2002.  The decrease
in operating expenses as a percent of revenue reflects the scalable
nature of MatchNet’s online subscription-based business model and
improved operating efficiencies.

EBITDA1 was $99,840 in Q1 2003 compared to $1,093,167 in Q1 2002. 
The decrease is primarily due to the launch of an aggressive online
marketing campaign.

Net loss in Q1 2003 was $782,313 compared with net income of $915,936
in Q1 2002. The net loss for the quarter includes depreciation and
amortisation charges of $342,733 which, when combined with a change
in the Company’s accounting of member acquisition costs2, resulted in
a total of $933,572 in non-cash charges for the quarter. Before the
change in accounting policy, the net loss in the first quarter 2003
was $191,474.

About MatchNet plc:
With over twelve million members worldwide, MatchNet plc is one of
the largest providers of online dating services. The MatchNet network
includes AmericanSingles.com, FaceLink®.com,  MatchNet.de,
MatchNet.co.uk, and MatchNet.com.au. In addition, the Company
operates JDate®.com & JDate.co.il, the dominant Jewish dating
services worldwide; gay11®.com, an online dating service for
relationship-minded gay men and women; and CollegeLuv.com, an
exciting new online destination for the college-age demographic. 
MatchNet was incorporated in England in 1998. More information is
available at www.MatchNet.com

end of announcement        euro adhoc 30.05.2003

Further inquiry note:

Elmar Bob VP of Investor Relations

Branche: Online
ISIN: US5766601042
WKN: 930129
Index: Prime Standard
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