Ad-hoc Press Release from Intertainment AG according to § 15 WpHG

HypoVereinsbank files suit against Intertainment

Intertainment believes claim is unfounded

Munich, September 15, 2005
– HypoVereinsbank (HVB) has filed a partial claim for payment of 10 million euros against Intertainment AG and Intertainment Licensing GmbH in a proceeding for documentary evidence before the regional court (Landgericht) München I. The suit was served on Intertainment AG on the afternoon of September 13, 2005. The regional court has scheduled a date for an oral hearing on October 7, 2005.

The partial claim relates to a loan amounting to around 14 million euros taken out by Intertainment Licensing GmbH from HVB, for which Intertainment AG had given a surety. The legal representatives of Intertainment are continuing to assume on the basis of the ongoing settlement negotiations that the matter will be included in a mu-tually agreed, concluding arrangement.

Intertainment maintains the legal position defined in the Annual Report 2004 and pre-sented this week at the Annual General Meeting on Tuesday of this week. It is assum-ing that HVB and Intertainment had reached a new arrangement in relation to the set-tlement of the residual debt. The new arrangement provides for HVB issuing a debt waiver on a deferred debt basis. Within the scope of this deferred debt, the loan origi-nally due on June 30, 2004 was written down in the balance sheet for the fiscal year ending 2003 in the amount of 13,583 million euros and reported under reserves in ac-cordance with the debt waiver. A legal opinion was obtained for an appraisal of the facts. This formed the basis for the assessment by the management of Intertainment.

HVB had called in the loan a number of times, including June 30, 2004, despite the new arrangement. In the opinion of Intertainment, this was no longer possible on ac-count of the new arrangement.

End of the ad-hoc release


Contact:

Intertainment AG, Investor Relations, Frauenplatz 7, 80331 Munich, Germany;
Telephone: +49 (0)89 21699-0, Fax: +49 (0)89 21699-11,
Internet: www.intertainment.de, E-Mail: investor@intertainment.de
 

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