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Director's Dealings

Disclosure of Securities Transactions

Under the Fourth Financial Markets Act, which came into force in Germany on July 1, 2002, Members of the Board of directors and governing body are required to disclose all transactions involving the purchase or sale of ad pepper media International N.V. stock without delay in compliance with §15a of the Securities Trading Act.


Director's Dealings as of § 15a WpHG:

Date of Transaction:
 April 2nd, 2008
Issuer: ad pepper media International N.V.*
Person subject to registration: Michael A. Carton, Member of a managing body 
Transaction subject to registration: purchase of  50,000 shares with a price of 3.30 EUR/share, total volume: 165,000.00 EUR, stock exchange: Frankfurt

Date of Transaction: November 29th, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Ulrich Schmidt, Member of the Board 
Transaction subject to registration: sale of 30,000 shares with a price of 3.15 EUR/share, total volume: 94,500.00 EUR, stock exchange: off-exchange


Date of Transaction: November 29th, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Viva Media Service GmbH   
Transaction subject to registration: purchase of 30,000 shares with a price of 3.15 EUR/share, total volume: 94,500.00 EUR, stock exchange: off-exchange

Date of Transaction: November 29th, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Ulrich Schmidt, Member of the Board   
Transaction subject to registration: purchase of 30,000 shares by exercising options with a price of 1.78 EUR/share, total volume: 53,400.00 EUR, stock exchange: off-exchange

Date of Transaction: November 23rd, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Euroserve Media GmbH (Michael Oschmann, Member of the Supervisory Board)   
Transaction subject to registration: purchase of 7,786 shares with a price of 3.25 EUR/share, total volume: 25,304.50 EUR, stock exchange: off-exchange

Date of Transaction: November 23rd, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Michael Oschmann, Member of the Supervisory Board   
Transaction subject to registration: sale of 7,786 shares with a price of 3.25 EUR/share, total volume: 25,304.50 EUR, stock exchange: off-exchange

Date of Transaction: November 21st, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Euroserve Media GmbH (Michael Oschmann, Member of the Supervisory Board)   
Transaction subject to registration: purchase of 50,000 shares with a price of 3.31 EUR/share, total volume: 165,500.00 EUR, stock exchange: Frankfurt

Date of Transaction: August 30th, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Euroserve Media GmbH (Michael Oschmann, Member of the Supervisory Board)   
Transaction subject to registration: purchase of 4000 shares with an average price of 4.32 EUR/share, total volume: 17,290.00 EUR, stock exchange: Frankfurt

Date of Transaction: August 30th, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Euroserve Media GmbH (Michael Oschmann, Member of the Supervisory Board)   
Transaction subject to registration: purchase of 4,000 shares with an average price of 4.32 EUR/share, total volume: 17,290.00 EUR, stock exchange: Frankfurt


Date of Transaction: 
August 29th, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Euroserve Media GmbH (Michael Oschmann, Member of the Supervisory Board) 
Transaction subject to registration: purchase of 500 shares with a price of 4.35 EUR/share, total volume: 2,175.00 EUR, stock exchange: Frankfurt


Date of Transaction: August 28th, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Euroserve Media GmbH (Michael Oschmann, Member of the Supervisory Board)   
Transaction subject to registration: purchase of 1,801 shares with a price of 4.41 EUR/share, total volume: 7,942.41 EUR, stock exchange: Frankfurt


Date of Transaction: August 24th, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Euroserve Media GmbH (Michael Oschmann, Member of the Supervisory Board) 
Transaction subject to registration: purchase of 199 shares with an average price of 4.41 EUR/share, total volume: 877.59 EUR, stock exchange: Frankfurt


Date of Transaction: August 23rd, 2007
Issuer: ad pepper media International N.V.*
Person subject to registration: Euroserve Media GmbH (Michael Oschmann, Member of the Supervisory Board)   
Transaction subject to registration: purchase of 1500 shares with an average price of 4.12 EUR/share, total volume: 6,175.00 EUR, stock exchange: Frankfurt


* Hogehilweg 15; 1101 CB Amsterdam; The Netherlands; WKN 940883 / ISIN NL 0000238145

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