QXL QXL

RNS Number:0803D
QXL Ricardo PLC
31 August 2007



31 August 2007

QXL ricardo plc ("QXL" or "the Company")


Results of offer to minority shareholders in ricardo.de AG

On 27 June 2007 QXL GmbH, a wholly-owned subsidiary of the Company, launched an
offer for the outstanding publicly held shares in ricardo.de AG at a price of
Euro14 per share.

The Company is pleased to announce that following the closing of the offer on 17
August 2007, QXL and QXL GmbH (together the "Group") now own a total of
8,128,840 shares in ricardo.de AG. This figure represents approximately 97.66%
of ricardo.de AG's issued share capital.

As previously announced, the Group intends to implement a compulsory purchase of
the remaining minority shareholders in accordance with the German Stock
Corporation Act. This requires the passing of an appropriate resolution by the
shareholders of ricardo.de AG. This resolution is expected to be put to
shareholders later this year. Further developments will be announced in due
course as appropriate.


Further enquiries:


QXL ricardo plc

Alison Cabot, Investor Relations

Tom Parkinson, Company Secretary


Tel: +44 (0)20 7384 6310



Financial Dynamics

James Melville-Ross

Juliet Clarke

Matt Dixon


Tel: +44 (0)20 7831 3113


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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