DGAP-News: ad pepper media International N.V. / Key word(s): Research Update/Research Update ad pepper media International N.V.: ad pepper media International N.V.: Upgraded to 'BUY'-Rating and share price target raised to EUR 3.00 20.07.2016 / 10:55 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ad pepper media International N.V.: Upgraded to 'BUY'-Rating and share price target raised to EUR 3.00

equinet Bank has published a research update on ad pepper media
International N.V. (ISIN: NL0000238145). Analyst Simon Heilmann upgraded
the Company to "buy" from "accumulate" and increased the price target from
EUR 2.60 to EUR 3.00.

"ad pepper media has released its Ad hoc publication on last Friday with
preliminary figures which were much better than our expectation in terms of
profitability and show once again a strong result with regards to the
affiliate network Webgains."
-Simon Heilmann, Analyst, equinet Bank

To read the full research report, please visit adpeppergroup.com.

--------------------------------------------------------------------------- 20.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: ad pepper media International N.V. Prins Bernhardplein 200 1101 CB Amsterdam Netherlands Phone: +49 911 9290570 Fax: +49 911 929057-157 E-mail: [email protected] Internet: www.adpeppergroup.com ISIN: NL0000238145 WKN: 940883 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 484169 20.07.2016