Overview XING AG

XING is the leading European online business networking. XING AG has over 8.3 million registered members worldwide (end of September 2009). More than 1.3 million new members joined XING in the first nine months of the financial year 2009, including 112,000 paying Premium members.

XING AG runs XING based on a contribution-based, scalable business model, complemented by revenues from e-commerce and advertising. Total revenues of 11.7 million represent a Q3/2009 increase of 27% over the previous year (Q3/2008: 9.18 million), and 8% over Q2/2009. The main driver of revenue growth continue to be Premium memberships. 662,000 XING members generated €9.96 million in revenues in Q3/2009, an 9% increase over Q2/2009.

XING has firmly established itself as an important tool for career and business networking and more and more people are actively using it to further their careers. Business professionals use XING to find useful contacts, important information, new business opportunities, employees, jobs, clients and ideas. The XING network can be accessed all over the world via Internet, all smart phones including the iPhone, PDAs and Blackberrys. Due to the multilingual nature of XING’s user interface and communication system – which supports 16 languages – XING AG has successfully and rapidly expanded around the world.

XING AG is managed by a highly experienced and international management team. As CEO of the company, Dr. Stefan Gross-Selbeck heads Corporate Strategy, HR and Corporate Communications. He also manages Marketing, Sales & Products in Germany, Austria and Switzerland. As Chief Operating Officer, Burkhard Blum is responsible for International, Legal Affairs, Mergers and Acquisitions, Corporate Development and Market Development. As Chief Technical Officer, Michael Otto oversees ongoing technological development and the implementation of new functionalities on the XING platform. As CFO, Ingo Chu is responsible for the Controlling, Investor Relations, Accounting and Business Intelligence divisions. As Chief Commercial Officer, Dr. Helmut Becker is responsible for all Marketing and Sales activities.