Intertainment AG

ots Ad hoc-Service: Intertainment AG Intertainment AG intents to increase share capital

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    Munich (ots Ad hoc-Service) -              Intertainment AG, listed on the Neuer Markt, intends to increase its share capital by approximately two million shares in a rights offering with a combined Global Offering for shares resulting from unexercised rights. Intertainment intends to make acquisitions of global and pan-European film rights, pursuant to its recent deal with Kopelson Entertainment and its existing film rights agreements.

    The new shares will be offered to the current shareholders of Intertainment AG at a ratio to be announced and a maximum subscription price to be published towards the end of June. Neither Mr. Baeres, CEO and majority owner of Intertainment AG, nor any of the other members of the management team and of the Supervisory Board will be selling their shares as part of this offering nor will Mr. Baeres be exercising his subscription rights. In addition, Mr. Baeres will be locked-up for a period of six months. The shares underlying these rights as well as any additional unsubscribed rights will be offered as part of a Global Offering. Both, the offering price and the final subscription price will be determined in a bookbuilding process with pricing expected by mid-July. The offering is lead-managed by J.P. Morgan as Global Co-ordinator and Sole Bookrunner. DG Bank and Societe Generale are acting as Co-Lead managers in the transaction.

    Press Contact: Intertainment AG Bernd M. Zander Widenmayerstrasse 49 80538 München

    Tel.: 0 89 / 21 69 9-0 Fax: 0 89 / 21 69 9-11 e-mail:

    This press release is not an offer for sale of securities in the United States or in any other jurisdiction. 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. 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.

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