Sale of 38,039 shares

Date of Transaction: March 16th, 2010
Issuer: ad pepper media International N.V.
Person subject to registration: Michael A. Carton (Member of managing body)
Transaction subject to registration: sale of 38,039 shares with a price of 1.485 EUR/share
Total volume: 56,495,22 EUR
Stock exchange: Xetra, Frankfurt