Ad hoc Announcement by Intertainment AG

Intertainment acquires pre-IPO share option of up to 20% in filmgroup
filmgroup announces IPO for the beginning of June

Munich, May 18, 2000 - Munich-based media group Intertainment AG has acquired the option to purchase up to 20% of the British Internet film distributor filmgroup at pre-IPO conditions. Redbus, a subsidiary of filmgroup, has recently acquired from Intertainment substantial exclusive Video-on-Demand (VoD) and free TV rights limited to the UK. filmgroup is expected to be floated on the London stock exchange at the beginning of June this year. filmgroup plans to be the first British company to deliver a large library of exclusive and non-exclusive films over the Internet by VoD launching in the fourth quarter of this year. Through its web site, users will be able to watch feature films online through the TV, by using a set-top box, a PC or a web enabled TV as interface.

Intertainment and filmgroup are also engaged in talks about a joint venture extending their Video-on-Demand business to include the Scandinavian market.

Research analysts believe that filmgroup has a "significant first-mover advantage" in the British VoD market. This marks a further step in Intertainment's Internet distribution strategy following its acquisition of approximately 26% in, the US market leader in Internet-based film distribution. On April 10, 2000 has filed for an IPO, which is also expected in June this year.

End of announcement

Press Contact:
Intertainment AG
Claudia Wilmans
Widenmayerstrasse 49
80538 München 

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

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