The Executive Board of Tipp24 AG has adopted a resolution to implement a share buyback programme.

Shares in Tipp24 AG with a total value of EUR 2,000,000 (including transaction costs) are to be bought back during the period from 11 May 2009 until no later than 30 September 2009. During the share buyback programme of February 2009, Tipp24 AG already acquired a total of 230,041 treasury shares, corresponding to 2.89% of capital stock, which it still holds at present.

The resolution regarding the share buyback programme is based on an authorization provided by the Annual Shareholders' Meeting of 29 May 2008, which permits the Executive Board of Tipp24 AG to purchase treasury shares in the period up to 29 November 2009.

The share buyback serves primarily to provide shares which can be offered in the course of business combinations or to acquire companies or equity interests in companies. Alternatively, the shares may be fully or partially cancelled.

The shares are to be bought back via the stock exchange. Tipp24 AG will commission a credit institute to implement the share buyback process.

In accordance with Art. 6 (3) b) of Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council (exemptions for buyback programmes and stabilisation of financial instruments), the bank commissioned by Tipp24 AG will take its decisions concerning the timing of purchases of shares in Tipp24 AG independently of, and without influence by, Tipp24 AG. The Executive Board will thus exercise no influence on the bank’s decisions.

Moreover, the bank shall implement the share buyback in line with the provisions of Art. 5 (trading conditions) of the aforementioned regulation.

In line with these conditions, the bank will not purchase shares in Tipp24 AG at a price higher than the higher of the price of the last independent trade and the highest current independent bid on the regulated market where the purchase is carried out. No purchases will be made outside a regulated market, nor via derivative financial instruments. Shares are to be bought at the best possible price, maintaining the interests of Tipp24. The purchase price paid per share (excluding incidental acquisition costs) shall not be more than 10% above or below the average final price of the Tipp24 AG share in XETRA trading (or a comparable successor system) at the Frankfurt Stock Exchange on the last three stock exchange trading days before the shares are acquired.

Furthermore, the bank shall purchase no more than 25% of the average daily share turnover on that regulated market where the shares are purchased. Average daily share turnover is calculated on the basis of the average daily trading volume during the 20 stock exchange trading days prior to the purchase date. In the case of exceptionally low liquidity on the relevant market, an exception may be made to the above mentioned stipulation and up to 50% of average daily turnover of shares in Tipp24 AG may be purchased, providing that the conditions of Art. 5 (3) of the aforementioned regulation are met.

The share buyback can be suspended and continued again at any time.

Every buyback transaction will be announced within seven stock exchange trading days of the regulated market concerned on the Tipp24 AG website (www.tipp24-ag.de).

Hamburg, 30 April 2009

The Executive Board

Completion of share buyback programme

Tipp24 AG has completed the share buyback programme that started on 11 May 2008. Based on the authorisation given at the general meeting held on 29 May 2009, a total of 135,139 shares were bought back at an average price of EUR 14.74051 by 29 June 2009. This amounts to a total sum of EUR 1,999,958.48.