Jobs & Adverts AG: Price range set at EUR 35 to 40 / Subscription period from March 27 to April 3 / Pre-subscription rights for United Internet shareholders

Frankfurt/Bad Homburg (PROTEXT) - Between March 27 and April 3,up to 3,335,000 shares in Jobs & Adverts AG (Security No. 514 170)will be offered to investors for subscription. Commencement oftrading for Jobs & Adverts AG shares is scheduled on the Neuer Marktat the Frankfurt Stock Exchange for April 5. The Jobs & Adverts "jobpilot" site is a leading European careerportal offering a wide range of products and services in the area ofcareer and recruitment Jobs & Adverts valued at up to EUR 516 million The price range for the Offer has been set at EUR 35 to 40 and thefinal offer price will be set following the close of subscriptions onApril 3. Based on the price range, the offer including the Greenshoewill be valued at up to EUR 133.4 million said J.P. Morgan, GlobalCoordinator and bookrunner of the offering, at the company's NeuerMarkt IPO presentation today. The offering comprises 2.9 millionshares from a capital increase and, in addition, an over-allotmentoption or Greenshoe of up to 435,000 shares. Including the Greenshoethe free float will amount to up to 25.9% of the company's sharesoutstanding. The IPO will be led by J. P. Morgan. Other members ofthe syndicate are Bank Vontobel (Joint-Lead), West LB Panmure (Co-Lead) and net.IPO (e-Manager). Jobs & Adverts aims to become Europe's leading career network onthe Internet and up to 50% of IPO proceeds are expected to beinvested in marketing and brand building. The remaining proceeds willbe used for an expansion of the European infrastructure as well asselected acquisitions. Strong interest among investors during pre-marketing Followingdiscussions held with institutional investors during the pre-marketing phase in the run up to the IPO, investment bankers reportedstrong interest in the Jobs & Adverts IPO: "There was exceptionallystrong interest among institutional investors and all the leadinginvestors want to see the management during the roadshow. We alsoexpect strong demand from German retail investors", said DirkAlbersmeier of J.P. Morgan. Innovative offer structure Up to 5% of the total offering is reserved for online subscriptionby Jobs & Adverts' registered users who applied therefor by March 21. In addition, a pre-subscription right for up to 16.3% of theoffering is granted to shareholders of United Internet. Any 9 UnitedUnited Internet AG shares entitle the holders as of March 29, 2000 toa preferential allocation of one Jobs & Adverts share at the offerprice. Pre-Subscription rights are excluded for any holdings of lessthan nine United Internet shares and the pre-subscription rights areneither tradeable nor transferable. Shareholders of United Internetmust submit their subscription to their respective despositary banksby March 29, 2000 (4:00 p.m.). The pre-subscriptions offer will be handled by Bank Vontobel AGand despositary banks are requested to submit pre-subscriptions toBank Vontobel, Bahnhofsstr. 3, CH-8001 Zurich, Tel +41-1-283-7471,Fax +41-1-283-7471. Key facts on the Jobs & Adverts IPO Issuer:Jobs & Adverts AG Offer structure: - Public retail and institutional offering in

Germany - Private placement with non-German institutional investors - Friends & Family programme (up to 4.5% of offer size) and

affinity programme for Jobs &Adverts registered My Jobpilot

users (up to 5% of offer size) - Pre-subscription rights for United Internet shareholders for up

to 16.3% of the offering. 9 United Internet shares entitle to

the preferential allocation of 1 Jobs &Adverts share at the

offer price. Pre-subscription programme is handled by Bank

Vontobel Shares offered:Up to 2.9 million primary shares Greenshoe: 435,000 shares (15% of offer size) Price range: EUR 35 - 40 Offer size (pre Greenshoe): EUR 101.5mm - EUR 116.0mm

(post Greenshoe): EUR 116.7mm - EUR 133.4mm Market Capitalisation: EUR 452mm - EUR 516mm (12.9mm shares

outstanding) Syndicate: J.P. Morgan (Global Coordinator & Bookrunner)

Bank Vontobel (Joint-Lead)

WestLB Panmure (Co-Lead)

netIPO (e-Manager) Subscription period: March 27 - April 3, 2000 Listing and trading: From April 5, 2000 on the Neuer Markt of

Frankfurt Stock Exchange Shareholders post-IPO: Dr. Roland Metzger 42.8%

United Internet (1&1 AG) 26.4%

Private Equity Bridge Invest 2.6%

Employees 2.3%

Free Float 25.9% Background information on Jobs & Adverts Jobs & Adverts AG launched Jobpilot, the first German job marketon the Internet, in October 1995. Today, with over 78,000 jobs onoffer in over 45,000 advertisements (on February 29, 2000), onlinepioneer Jobpilot is one of the leading European career portals.Regular customers include 28 of the 30 companies listed on Germany'sDAX share index, and the range of services it offers includes otherinnovative offerings in addition to publishing job vacancies andrequests. With job offers in all sectors, Jobpilot now scores over 15million page hits per month (as of February 2000). Jobpilot is freeof charge for job seekers. In Germany, companies are charged between350 and 650 Euros per advertisement for four weeks. Local pricesapply in other countries. Jobs & Adverts AG has set up European subsidiaries in Switzerland,Austria, France, Sweden, Poland, Spain, the Czech Republic, Italy,the UK, Norway, the Netherlands, Belgium, Hungary and Denmark. Itshead office is in Bad Homburg near Frankfurt am Main. ots OriginalText Service: Job & Adverts AG Internet:HREF="http://recherche@newsaktuell.de" http://recherche@newsaktuell.de" TARGET="_top">TARGET="_top">http://recherche@newsaktuell.de For further information pleasecontact Editorial contact:

Contact at Jobs &Adverts: Kirchhoff Consult AG

Dr. Roland MetzgerUlla Erdmann

CEO Ahrensburger Weg 2Siemensstrasse 15-17 22359 Hamburg

61352 BadHomburg Tel.: 040-609 186 34

Tel.: 06172-919 110Fax: 040-609 186 71

Fax: 06172-919 544ulla.erdmann@kirchhoff.de

presse@jobpilot.de

www.jobpilot.de This press release is not being issued in the United States ofAmerica and should not be distributed to United States persons orpublications with a general circulation in the United States. Thisdocument does not constitute an offer or invitation to subscribe foror purchase any securities. In addition, the securities of Jobs &Adverts AG have not been registered under the United Statessecurities laws and may not be offered, sold or delivered within theUnited States or to U.S. persons absent from registration under or anapplicable exemption from the registration requirements of the UnitedStates securities laws.

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