XING AG - XING AG continues assisting growth

•New development action leads to an accelerated bounce of innovation
•XING opens up to third parties
•Number of advisers added by 89 percent to adapt for growth
•New CFO of XING starting July 1: Ingo Chu

Hamburg, May 14, 2009 – In the aboriginal three months of this year, the business arrangement run by Hamburg-based XING AG, listed on the Frankfurt Stock Exchange, acquired 51 thousand new paying members. 601 thousand XING associates now accept to pay for Premium functions, which amounts to a advance of 43.1 percent aural the endure twelve months (Q1/2008: 420 thousand). Furthermore, the absolute associates abject has added by about 500,000 back the alpha of the year to 7.5 actor (Q1/2009: 7.48 actor compared to 5.71 actor in Q3/2008).
The Company was aswell able to addition revenues over the antecedent year’s aboriginal division by 43.3%, admitting the connected all-around banking crisis (Q1/2009: €10.76 actor against €7.51 actor in Q1/2008). In the absorption of accelerating the acceleration of addition and advancing for accepted and advancing growth, 112 new advisers and managers were assassin in the accomplished 12 months. In the aboriginal division of 2009, the Company assassin over 50 new employees, appropriately commutual HR activities for the absolute year, with the barring of a few accessible positions. At present, XING AG has over 239 employees, which amounts to an access of 89% over the antecedent aboriginal division (Q1/2008: 127). Even with the abundant access in staff, the Company was able to hardly addition its profits by 3.7% in Q1/09 (Q1/08: €1.62 actor compared to €1.68 actor in Q1/09).

“In a aeon of bread-and-butter crisis, XING is continuing to abound and abide actual profitable, and we're annoyed with these results. In adjustment to added aggrandize our bazaar position, we accept assassin a amount of actual able employees, invested heavily and alien a new development strategy, which will abundantly advanced our acceleration of innovation. Now with the acknowledged barrage of OpenSocial applications, we’ve laid the abstruse foundation for accouterment our associates with accordant appearance developed by third-party developers. By accomplishing so, we’ve started ambience our cardinal advance for accretion the viral advance of our association in adjustment to ensure assisting advance in the future. Furthermore, I’m blessed to advertise that we’ve assassin a actual competent new CFO for the company, Ingo Chu,” said Dr. Stefan Gross-Selbeck, CEO of XING AG.

Ingo Chu to be new CFO of XING AG

Starting July 1, 2009, Ingo Chu will be the new CFO of XING AG. Mr. Chu is 38 years of age, and brings with him years of acquaintance alive for Internet companies and the media, and has the all-important ability set to advice XING AG accomplish its goals of accretion operations. Mr. Chu currently works at the Bertelsmann Group, area he has been for about 14 years. He has captivated assorted positions at Bertelsmann at a authoritative level, and for the accomplished seven years, has been CFO of the RTL Shop GmbH, a Bertelsmann company. Starting July 1, he will accept the role of CFO at XING AG. He will arch the Accounting, Investor Relations, Controlling, and BI divisions. Mr. Chu will alter the accepted CFO Eoghan Jennings, who is abrogation the Company to accompany added career opportunities, and has agreed to argue XING AG until September 30.

About XING:
XING is the arch European online business network. Over seven actor associates use XING in 16 languages to do business, acquisition jobs, and accompany a career. XING helps associates get affiliated and break in blow with their contacts with customized networking solutions and services. Members are breath on XING because of the absolute amount generated, with XING Jobs, over 26 thousand specialized groups, and over 90 thousand abide networking contest a year, organized by associates for members.
XING AG went accessible in December 2006 as the aboriginal Web 2.0 aggregation to do so, and the XING AG allotment has been able since. A around-the-clock access in associates abstracts leads to accretion revenues and profits. XING AG is headquartered in Hamburg, Germany, and has bounded offices in Barcelona, Istanbul, Milan, and Beijing.
XING. Powering Relationships.

Thorsten Vespermann

Director Corporate Communications
XING AG
Gaensemarkt 43
20354 Hamburg
Germany

+49 40-419131-763
press@xing.com
www.xing.com/profile/Thorsten_Vespermann/