Share buyback program partially completed

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Amsterdam/Nürnberg, July 09, 2007 – ad pepper media International N.V. bought back shares for EUR 1.2210 million.

The company`s Management had been authorized on May 07, 2007 to buy back shares up to an aggregate of 5% of the issued share capital. A total of 169, 200 shares were bought back since the start of the buyback at an average price of EUR 7,21. This corresponds to 1.49 percent of the company’s share capital. ad pepper media International N.V. had authorised a bank to conduct the share buyback. The company`s Management intends to utilise the shares from the current buyback for its own employee share programs.

For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Tel.: +49 (0) 911/ 929 057- 0
Fax: +49 (0) 911/ 929 057- 312