INTERSHOP Communications AG

ots Ad hoc-Service: INTERSHOP Communications INTERSHOP Communications Announces Initial Public Offering of American Depository Shares

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    Hamburg/San Francisco (ots Ad hoc-Service) - INTERSHOP Communications Announces Initial Public Offering of American Depository Shares

    INTERSHOP Communications AG (NASDAQ: ISHP) announced today the successful listing on the Nasdaq National Market. All of the offered 3,350,000 American Depositary Shares (ADS) (respectively 1,675,000 ordinary shares) have been sold by the Company at a price of $32.09 per ADS (equals EUR 73 per ordinary share). The offered shares originate from a capital increase and lead to gross proceeds of EUR 122 Mio.

    Credit Suisse First Boston, Chase H&Q and U.S. Bancorp Piper Jaffray are the lead managing underwriters for the offering. The Company has granted the underwriters an over-allotment option to purchase up to 500,000 additional American Depository Shares. This option may be exercised by the underwriters within 30 days following the pricing of the offering. Prior to this offering, there was no public market for INTERSHOP ADS. INTERSHOP ordinary shares are listed on the Neuer Markt of the Frankfurt Stock Exchange under the symbol "ISH".

    This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    U.S. Investor Relations Contact: European Investor Relations Philip Oreste Contact: VP Finance Americas Dr. John Lange INTERSHOP Communications, Inc Director of Investor Relations 600 Townsend Street INTERSHOP Communications AG Top Floor, West Amsinckstraße 57 San Francisco, CA 94103 20097 Hamburg Phone +1 -415-844-1500 Germany Phone +49-40-23709-131/-128

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