UOL Announces 2008 Results, With 48% Growth in Advertising and Other Gross Revenues, 10% in Net Revenues, and 23% in Broadband Subscribers

SAO PAULO, March 26 /PRNewswire-FirstCall/ -- UOL S.A. (Bovespa: UOLL4), the leading online media portal and Internet company in Brazil, announces today its 2008 results.

Highlights

-- Advertising and other revenues reached R$283.8 million in 2008, an increase of 48% year-on-year.

-- The number of paying broadband subscribers reached 1.2 million in December 2008, an increase of 23% over December 2007.

-- In 2008, net income, excluding non-recurring items, grew 6% when compared to 2007.

-- EBITDA in 2008 totaled R$123.2 million, 20% down on 2007. EBITDA margin in 2008 was 21%, 8 p.p. down from 2007.

-- UOL's gross margin was 60% in 2008, a 1 p.p. rise over the 2007 margin.

-- In December, according to IBOPE//NetRatings, we recorded an 11% year-on-year increase in unique visitors.

-- We maintained our leadership in page views and time spent online among content portals in Brazil, with 1,640 million page views and the average time spent online being 1 hour, 8 minutes and 5 seconds in December 2008, according to IBOPE//NetRatings.

For the full earnings release, visit the Company's IR website: http://www.uol.com.br/ir

For additional information, please contact the company's Investor Relations Department: [e-mail] or 55-11-3038-8958

2008 results conference call on March 27, 2009: -- 10:30 am U.S. EDT - English: [phone] - Code: 89164015 -- 9:00 am U.S. EDT - Portuguese: [phone] - Code: UOL