Jacob Pabst to be new CEO and Chair of the Management Board of artnet The Supervisory Board of artnet AG has appointed Jacob Pabst as chief executive officer and Chair of the Management Board of artnet AG and chief executive officer of Artnet Worldwide Corporation, effective July 1, 2012. He succeeds pioneer and founder Hans Neuendorf. Berlin/New York, June 25, 2012 Jacob Pabst will succeed Hans Neuendorf as Chair of the Management Board and CEO of artnet AG (ISIN:DE000A1K0375). The company’s Supervisory Board appointed Pabst, now president of Artnet Worldwide Corporation, effective July 1, 2012, as the new CEO of Artnet Worldwide Corporation and chair of the Management Board and CEO of artnet AG. Other members of the Management Board will be announced later this year. Neuendorf will retire after almost 20 years at the top of the Frankfurt Stock Exchange listed company, but will remain associated with artnet AG as a consultant. The 39 year old Jacob Pabst has a degree in economics. Since 2000, he has been at artnet—initially in product development and new technologies. From 2009, he has been chief information officer, responsible for product development, engineering, quality assurance, and content management. Since January 2012, he has been president of Artnet Worldwide Corporation in New York, with 120 employees. Under his direction, the website has been materially improved and made more user-friendly and attractive; artnet has entered social media; internal organization has been streamlined and aligned with product lines; and marketing has been reoriented and professionalized. Pabst also created two new divisions: artnet Auctions (2008) and artnet Analytics (2012)—both successfully launched. As the leading art platform on the Internet with a full line-up of products, artnet AG, under new leadership, will concentrate on marketing and sales. In 2011, the Group achieved revenues of 13.3 million euros. In the first quarter of 2012, sales of online auctions increased year over year by 37% to 4.7 million euros.

Press contact: Renate Bothe, artnet AG, Telefon 030 / 20 91 78 20 Thomas Doriath, Engel & Zimmermann AG, Telefon 089/89356354

www.artnet.com | www.artnet.de | www.artnet.fr artnet AG, Oranienstraße 164, 10969 Berlin – E-Mail [email protected] – Tel. +49 (30)20917820 ISIN DE000A1K0375 WKN A1K037, ART