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MatchNet Announces Private Placement; Issues Guidance for Fiscal Year 2004

MatchNet, one of the largest providers of online personals worldwide, announced the capital raise of 600,000 shares at a price of EUR 4.80 per share.

Investors participating in the placement included Fidelity Investments and The Jacob Internet Fund. Proceeds from the private placement will be used to support the previously announced purchase of Cupidon.co.il, and JCupid.com. The total outstanding shares are now 20,587,112.

In addition, MatchNet provided the following guidance for fiscal 2004:

• The Company expects revenues to be between $65 million and $70 million (USD).


• MatchNet expects EBITDA for the 2004 fiscal year to be between $12 million and $16 million (USD).

The Company will provide operating highlights for fourth quarter 2003 and discuss current initiatives during a live teleconference on Wednesday, January 14, 2004 at 7:30 a.m. Pacific time (US & Canada), 3:30 p.m. London and 4:30 p.m. Frankfurt time.

MatchNet plc is one of the world's largest providers of online dating services. The MatchNet network includes AmericanSingles.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; Glimpse.com, an online dating community for relationship-minded gay men and women; and CollegeLuv.com, an online destination for the college-age demographic. Incorporated in England in 1998, more information is available at Matchnet.com.

MatchNet plc

Registered in England ♦ Company Number 3628907

8383 Wilshire Boulevard, Suite 800 ♦ Beverly Hills, CA 90211 USA

Telephone: +1 323 836 3000 ♦ Fax: +1 323 836 3333