UOL Announces 1Q08 Results, with 11% Growth in Net Income, 56% in Advertising and Other Revenues, 17% in EBITDA and 20% in Broadband Subscribers

SAO PAULO, Brazil, May 8 /PRNewswire-FirstCall/ -- UOL S.A. (Bovespa: UOLL4), the leading online media portal and Internet company in Brazil, announces today 1Q08 results.

    Highlights

    -- Advertising and other revenues reached R$53.0 million in the 1Q08, an
       increase of 56% year-on-year.
    -- The number of paying broadband subscribers reached 1 million in March,
       2008, an increase of 20% over March 2007.
    -- In the 1Q08, net income reached R$24.7 million, an 11% growth over the
       same period of 2007.
    -- EBITDA totaled R$35 million in the 1Q08, 17% higher than in the 1Q07,
       accompanied by EBITDA margin of 25%, in line with the 1Q07. Excluding
       non-recurring items in both the 1Q08 and 1Q07, EBITDA increased by 29%
       over the same period.
    -- In March 2008, according to IBOPE//NetRatings, we recorded a 40%
       year-on-year increase in unique visitors, in line with the market
       growth.
    -- We maintained our leadership in page views and time spent online among
       content portals in Brazil, with 1,848 million page views and the
       average time spent online being 1 hour, 1 minute and 2 seconds in
       March 2008, according to IBOPE//NetRatings.

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

For additional information, please contact the Company's Investor Relations Department: ri@uolinc.com

    1Q08 results conference call on May 09, 2008:

    -- 11:30 am US EDT - English:  +1 (973) 935-8893 - Code: 45987129
    -- 10:00 am UDT - Portuguese:  +55 (11) 2188-0188 - Code: UOL