Ad-hoc disclosure in accordance with §15 WpHG: Kizoo AG reduces dependency on financial markets.

Karlsruhe, November 12, 2008. Within the framework of the risk management for financial investments Kizoo AG (ISIN: DE000CMBT111)has shifted its portfolio of fixed-interest securities partly to cash. Of the write-off risks already announced in the amount of up to EUR 12 million, a total of EUR 3.5 million has been realized with an impact on revenue results. The cash funds of the company amount at present to about EUR 25 million. With this measure the dependency of the company on the future development of the financial markets has been reduced accordingly.