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| Matchnet Carries out Capital Increase |
3/10/2005 MatchNet plc, one of the largest providers of online personals worldwide, today announced that the company's Management Board with the consent of the Supervisory Board has resolved to carry out a capital increase. Up to 2 million shares will be offered to the exclusion of a rights issue. The fresh capital will be used for possible acquisitions. Existing shareholders and management do not offer any of their shares in line with this capital increase. 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 AmericanSinglesTM.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; GlimpseTM.com, an online dating service for relationship-minded gay men and women; and CollegeLuvTM.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 |
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