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ots Ad hoc-Service: Intertainment AG <DE0006223605> Intertainment completes capital increase

Munich (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Intertainment completes capital
increase
Intertainment AG (WKN 622 360), listed on the Neuer Markt of the
Frankfurt Stock Exchange, has successfully placed 2 million shares
including greenshoe.The price of the Global Offering was set at Euro
57. Adiscount of Euro 3 per share will be granted to existing
shareholders who exercised their subscription rights as well as for
orders submitted on or before July 6, 2000. The offering, which was
oversubscribed by one and a half times, was Lead-Managed by
J.P.Morgan with DG Bank and Societe Generale as Co-Lead Managers.
The proceeds of the issue will enable Intertainment AG to expand
its activities in the acquisition of worldwide and pan-European film
rights and the financing of motion picture productions.
The success of the offering demonstrates Intertainment's strong
position in the marketplace as a leading provider of motion picture
content and confidence by investors worldwide in the high growth
prospects of the company. The capital increase comes despite very
tough market conditions, especially in the media sector, wherein
several offerings in both the European and U.S. markets have either
been scaled back or cancelled in recent months.
This press release is not an offer for sale of securities in the
United States or in any other jurisdictions. The securities may not
be sold in the United States absent registration or an exemption from
registration under the U.S.Securities Act of 1933, as amended or
other applicable laws. There is no intention to register any portion
of the offering in the United States or to conduct a public offering
of securities in the United States.
This announcement has been issued by and is the sole
responsibility of Intertainment AG and has been approved by J.P.
Morgan Securities Ltd. solely for the purposes of section 57 of the
Financial Services Act 1986. J.P. Morgan Securities Ltd., which is
regulated in the United Kingdom by The Securities and Futures
Authority Limited, is acting for Interfainment AG and for no one else
in connection with the transactions referred to in this announcement
and J.P. Morgan Securities Ltd.will not be responsible to anyone else
other than Intertainment AG for providing the protections afforded to
customers of J.P. Morgan Securities Ltd. or for providing advice in
relation to the transactions referred to in this announcement.
Stabilisation/SIB
Press contact
IntertainmentAG
Bernd Zander Osterfeldstrasse 84 85737 Ismaning
Tel. 089/ 216 990 Fax 089/ 216 99 11 eMail: 
investor@intertainment.de
End 
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