Axel Springer and SeLoger.com Agree on a Friendly Revised Offer at EUR38.05

Supervisory Board of SeLoger.com Recommends to the Shareholders of SeLoger.com to Tender Their Shares to the Revised Offer

BERLIN and PARIS, January 18, 2011 - Following an agreement reached between the two groups, Axel
Springer announced that it will file a friendly revised offer for the shares
of SeLoger.com at a price of EUR38.05 per share (the "Revised Offer"). This
price represents a premium of nearly 12% compared to the price of the initial
offer filed by Axel Springer on 28 September 2010 (the "Initial Offer").

(Logo:
www.newscom.com/cgi-bin/prnh/20080131/291759 )

The Revised Offer will include a minimum acceptance threshold,
set at 50.01% (including Axel Springer's current 12.4 % stake) of the share
capital and voting rights of SeLoger.com, below which the Offer will be
unsuccessful.

The Revised Offer is part of an agreement reached by Axel
Springer and SeLoger.com on 17 January 2011, which also includes the
following undertakings:

­ the commitment of the Supervisory Board of SeLoger.com to
recommend the Offer;

­ the cancellation by the Supervisory Board of the
extraordinary general meeting of SeLoger.com (the "EGM") convened to vote on
the proposed limitation of voting rights;

- the withdrawal by SeLoger.com of its appeal before the Court
of Appeal of Paris against the clearance decision of the Autorité des marches
financiers (the "AMF") dated 29 November 2010, in relation to the Initial
Offer and any legal action against the Initial Offer;

- the Supervisory Board of SeLoger.com will be composed of a
majority of members designated by Axel Springer, provided the Revised Offer
is successful, and at least three independent members designated by the
current Supervisory Board of SeLoger.com;

- the implementation of a five-year incentive scheme ("plan
d'intéressement") to the benefit of the management team of SeLoger.com,
provided the Revised Offer is successful.

The Supervisory Board of SeLoger.com, which met on 17 January
2011, considered that the Offer price is now within the range of the
independent expert's report. The Board also acknowledged the provision of a
minimum acceptance threshold set at 50.01% (including Axel Springer's current
12.4 % stake) of the share capital and voting rights of SeLoger.com. Given
the improvement of the terms and conditions of the Revised Offer, the
Supervisory Board has unanimously declared the Revised Offer in conformity
with the interests of the group, its shareholders, its customers and its
employees, and should therefore be regarded as friendly. The Supervisory
Board recommends that the shareholders tender their SeLoger.com shares to the
Revised Offer.

In addition, the Supervisory Board of SeLoger.com has decided,
in accordance with the provisions of the agreement to:

- cancel the EGM convened on 20 January 2011;

- withdraw its appeal before the Court of Appeal of Paris
against the clearance decision of the AMF on to the Initial Offer.

Axel Springer will shortly file, with the AMF, an additional
offer document in accordance to the provisions of Article 232-9 of the AMF
General Regulations.

Ralph Büchi, President Axel Springer International at Axel Springer AG:
"The agreement paves the way for a transaction based on mutual consent
between Axel Springer and the Board and management of SeLoger.com. Our
intention has been friendly from the beginning, and we strongly believe that
it is in the best interest of all parties involved that we move ahead on
agreed terms. This is especially true for the management and employees of
SeLoger.com, who will now be able to fully focus on the business and
continue with their excellent work. Following a careful assessment, the
recent share price developments of the peer group as well as
SeLoger.com's recent upward revisions of their financial targets led us
to reconsider our offer price, which is now even more attractive for the
shareholders of SeLoger.com."

M.. Geoffroy Roux de Bezieux, Vice-Chairman of the Supervisory Board,
said: "The Supervisory Board of SeLoger.com welcomes this agreement which
provides for a significant improvement of the valuation of group, the
corporate governance and incentivization of the management compared to
the Initial Offer of Axel Springer. It enables SeLoger.com to benefit
from the support of a significant shareholder for its long term
development strategy."

Seloger.com

SeLoger.com has been the specialist leader of on-line real estate in
France for the past 18 years. Its websites are available on any screen
(computer, mobile phone and connected TV) and every day millions of French
Internet users view the 1.1 million plus property ads posted by estate
professionals at any time, from wherever they may be.

Be it a purchase or rental, resale or property development, in France or
abroad, a business location or a demeure de charme, everyone can satisfy
their property project through one of the Group's 7 websites:

    - www.seloger.com
    - www.selogerneuf.com
    - www.immostreet.com
    - www.bellesdemeures.com
    - vacances.seloger.com
    - construire.seloger.com
    - www.agorabiz.com.

The Group also provides real estate professionals the broadest visibility
of their ads with an audience of 3 million unique visitors and close to 15
minutes viewing per visitor via its different websites.

It is also the number-one supplier of Internet websites for real estate
agencies and software transaction design for professionals with Périclès
(Source: Mediamétrie // Nielsen Netratings).

SeLoger.com has been listed on Euronext Paris (compartment B) since 30
November 2006 and is part of the following indexes: SBF 250, CAC MID 100, CAT
IT and Euronext 100.

Code ISIN : FR0010294595

www.groupe-seloger.com

Photo:
www.newscom.com/cgi-bin/prnh/20080131/291759

Contacts SeLoger.com : Relations investisseurs : Laurence Bégonin Maury, Tel : +33(0)1-53-38-29-00, Laurence.maury at seloger.com ; Brunswick, Marie-Laurence Bouchon, Alexandra van Weddingen, Tel : +33(0)1-53-96-83-83