ad pepper media International N.V. announces results for the fourth quarter
of 2023

EQS-Ad-hoc: ad pepper media International N.V. / Key word(s): Annual
Results/Preliminary Results
ad pepper media International N.V. announces results for the fourth quarter
of 2023

06-Feb-2024 / 17:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Nuremberg, Amsterdam, 6 February 2024

Today, ad pepper media International N.V., one of the leading European
performance marketing companies, released its results for the fourth
quarter. In the final quarter of 2023, the Group generated gross sales of
EUR 24,014k (Q4 2022: EUR 28,033k) and revenues of EUR 5,868k (Q4 2022: EUR
7,184k). Despite the decline in sales due to persistently challenging
macroeconomic conditions and cautious client spending, we managed to partly
achieve encouraging EBITDA levels thanks to strict cost optimisation
measures. The Webgains segment was able to roughly double its EBITDA to EUR
860k (Q4 2022: EUR 471k), ad agents achieved EUR 171k (Q4 2022: EUR 709k)
and the ad pepper segment posted EBITDA of EUR -521k (Q4 2022: EUR -332k).

In the entire 12-month period, gross sales amounted to EUR 85,988k (Q1-Q4
2022: EUR 98,229k), while Group revenue amounted to EUR 21,749k (Q1-Q4 2022:
EUR 24,868k). EBITDA for the 2023 financial year amounted to EUR 24k (Q1-Q4
2022: EUR 1,275k). This figure is impacted by one-off expenses, e.g. around
EUR 460k for the planned majority takeover of solute Holding GmbH & Co. KG
("solute"). At segment level, the following EBITDAs were achieved in the
full 2023 financial year: Webgains generated EBITDA of EUR 2,060k (Q1-Q4
2022: EUR 871k), ad agents EUR 208k (Q1-Q4 2022: EUR 1,358k) and ad pepper
EUR -483k (Q1-Q4 2022: EUR -108k).

Talks regarding the acquisition of a majority stake in solute, which the ad
pepper Group had announced in its ad hoc disclosure on 2 October 2023, are
still ongoing, as discussions have become more complex than originally
anticipated. Despite the delay, the ad pepper Group continues to believe
that the negotiations will be successfully concluded, resulting in the
acquisition of a majority stake and the full consolidation of solute in the
ad pepper Group's financial statements, while it is currently difficult to
predict when this will be realised.

ad pepper media International N.V. expects to publish its annual report for
the 2023 financial year on 10 April 2024.

Key figures (unaudited) in EURk:

                          Q4     Q4     Q1-Q4      Q1-Q4
                         2023   2022     2023       2022
    Gross sales         24,014  28,033      85,988      98,229
    % growth             -14.3               -12.5
    Revenue              5,868   7,184      21,749      24,868
    % growth             -18.3               -12.5
    of which ad pepper     462     815       2,292       2,924
    % growth             -43.3               -21.6
    of which ad agents   2,111   2,681       7,489       8,718
    % growth             -21.3               -14.1
    of which Webgains    3,295   3,688      11,968      13,227
    % growth             -10.6                -9.5
    EBITDA                 369   1,018          24       1,275
    of which ad pepper    -521    -332        -483        -108
    of which ad agents     171     709         208       1,358
    of which Webgains      860     471       2,060         871
    of which admin        -141     170      -1,762        -845
                                        31/12/2023  31/12/2022
    Liquid funds*                           23,365      23,084

*Including securities at fair value.

For more information:

Dr Jens Körner (CEO)

ad pepper media International N.V.

+49 (0) 911 929057-0

ir@adpepper.com


End of Inside Information

---------------------------------------------------------------------------

06-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   Language:       English
   Company:        ad pepper media International N.V.
                   Frankenstrasse 150 C
                   90461 Nuremberg
                   Germany
   Phone:          +49 911 9290570
   Fax:            +49 911 929057-157
   E-mail:         ir@adpepper.com
   Internet:       www.adpeppergroup.com
   ISIN:           NL0000238145
   WKN:            940883
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1831717

End of Announcement EQS News Service
---------------------------------------------------------------------------

1831717 06-Feb-2024 CET/CEST