02/19/2008 | XING

Press release: XING AG now has over 5 million members

2007 shows strongest growth in members and paying members in the history of the Company

Hamburg, February 19, 2008 – At the end of January 2008, the XING AG (ISIN: DE000XNG8888) counted over 5 million registered members worldwide. Alongside the acquisitions in Spain and Turkey, a particularly strong engine of growth for increasing membership figures is the continued organic growth in Europe.

"We delivered outstanding results for the 2007 fiscal year, and have already demonstrated this year that XING is not only an active consolidator in the European business networking market, but is also striding ahead with organic growth and has shown incredible innovation," said Lars Hinrichs, Founder and CEO of XING AG.

At the end of last year, XING AG expanded its successful business model with eCommerce and Advertising segments, two additional revenue streams. The additional revenue allows the Company to offer new services and features to its members, to be more flexible in a dynamic market, thus further accelerating the growth of XING AG. The 2007 fiscal year was the most successful in the history of the Company in terms of growth in members and paying members. The company reached its guidance for the year with revenues of 19.61 million euros, and an EBITDA margin of 35.2%. About XING:
XING makes your professional network an active part of your life. Far more than a directory of business contacts, XING enables its members to discover professional people, opportunities and privileges through its unique discovery capability and advanced contact management tools. With the successful IPO of XING as the first Web 2.0 company to go public, XING AG has had a long-term impact on the social networking trend amongst professionals. By focusing on the target group 'business people worldwide', the company is able to offer tailored features, thereby making networking and contact management simpler. Besides Headquarters in Hamburg, XING AG is also represented with offices in Barcelona, Istanbul and Beijing.
XING. Powering Relationships.
Important notice: Provisional financing figures and proforma figures subject to confirmation:
The results and figures published in this notification are unaudited and have been determined by the company on the basis of the provisional annual financial statements and the previous annual financial statements for the specified periods in order to enable a better comparison to be made, and also to present exceptional factors; some of the figures have been calculated on a pro-forma basis. The provisional financial figures may be the subject of changes when the annual financial statements are audited. Although, in the opinion of XING AG, the proforma figures reflect the direction of development of ordinary business and the current status of the company, there is no guarantee that the proforma figures precisely reflect this development direction and this status.

Cautionary note regarding forward-looking statements:
This press release notice contains forward-looking statements concerning XING AG, its subsidiaries, and economic and political conditions that could influence the performance or operations of XING AG. These forward-looking statements are based on assumptions made by the management of the Company in accordance with the information available to it at the time. A variety of different factors could lead to actual results, trends and conditions that differ significantly from the forward-looking statements contained in this press release. The Company does not assume any liability for this eventuality and cannot guarantee that the information upon which the forward-looking statements are based is correct and complete, nor is the Company, its subsidiaries and affiliated companies liable for the future correctness of the statements outlined in this press release.