EWEB Global X Emerging Markets Internet and E Commerce ETF

Euroweb International Corp. (Euroweb) (NasdaqSC:EWEB), today announced that a syndicate formed by Commerzbank Rt. and CIB Bank Rt. has approved a US$6 million loan to its wholly owned subsidiary, Euroweb Hungary Rt. (EWHU). This loan is a key financing step of the previously announced plan to acquire 100% of Navigator Group, a Hungary-based provider of IT outsourcing, applications development, and IT consulting services. The closing of the Navigator Group is now likely to be completed within the next ten days. Upon closing, EWHU will pay US$8,500,000 in cash for 85% of the total shares of Navigator and Euroweb shall issue shares of common stock of Euroweb worth US$1,500,000 for the remaining 15% of Navigator. Navigator Group recorded revenue in 2004 of about 1.6 billion HUF (about US$8 million), and as stated earlier, this acquisition serves to position Euroweb as a potential IT market consolidator in Hungary and Eastern Europe. For more information about the Company go to: www.euroweb-international.com About Navigator Group Navigator Group, based in Budapest, Hungary was re-organized in late 2004 as part of the Wallis Group. Its operating divisions are Navigator Informatikai Rt., Navigator Info Kft., and Navigator Engineering Kft., and are a provider of IT outsourcing, applications development, and IT consulting services. For further information on Navigator and details of the acquisition go to the Form 8-K that has been filed with the SEC. About Euroweb Euroweb International owns and operates Internet Services Providers and value added services in Hungary and Romania through its wholly owned subsidiaries Euroweb Hungary Rt. and Euroweb Romania S.A. Euroweb's common stock is traded on the Nasdaq SmallCap Market under the symbol "EWEB". "SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Euroweb International Corp's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.