-German Zanox to take over Dutch marketing network M4N.

CORPORATE IT UPDATE-(C)1995-2011 M2 COMMUNICATIONS

7 June 2011 - German Internet-based marketing platform provider Zanox will buy Dutch marketing network M4N in a move to gain leading presence in the Benelux countries.

Financial details were not disclosed.

M4N's two founders, Thomas and Klaas Joosten, will remain with the company and will continue to develop it.

Zanox's managing director Philip Justus did not say whether the transaction would lead to job cuts in the Netherlands.

Zanox, part of German publisher Axel Springer (ETR:SPR), made earlier strategic buys also in the UK. The company opened two offices in Turkey and Poland and aims to further expand its business across Europe.

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