Intertainment AG

ots Ad hoc-Service: Intertainment AG Intertainment completes capital increase

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    Munich (ots Ad hoc-Service) - 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


    Bernd Zander Osterfeldstrasse 84 85737 Ismaning

    Tel. 089/ 216 990 Fax 089/ 216 99 11 eMail:

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