Press Release by Intertainment AG

Stephen Brown Resigns from Board of Management of Intertainment AG and Continues as President of USA-Intertainment, Inc.

Intertainment Streamlines its Management Structure

Ismaning near Munich, August 14, 2003 - Stephen Brown resigned from the Board of Management of Intertainment AG as of August 13, 2003 and will continue as President of USA-Intertainment, Inc. In this context, Intertainment is streamlining its management structure and has transferred its Business Development to its U.S. subsidiary, USA-Intertainment in Los Angeles. In addition to his responsibilities as President of USA-Intertainment, Brown, an experienced film producer and executive, will continue to coordinate the company's Business Development activities with Intertainment AG's remaining Board of Management members, namely Barry Baeres, its CEO, and Achim Gerlach, its Chief Financial Officer.

"The transfer of Business Development to USA-Intertainment will ensure continuity of the company's activities and enable us to continue to benefit from Stephen Brown's great expertise. He has contributed very much to the company's transformation from a film distributor to a film producer", said Barry Baeres.

Brown, a U.S. citizen, joined Intertainment's Board of Management on October 31, 2000. In 2001 he was appointed Deputy CEO. He has been President of USA-Intertainment, Inc. since June 2000.

Intertainment AG, Dr. Marietta Birner, Investor Relations, Osterfeldstraße 84, 85737 Ismaning
Telefon: 0 89 / 216 99 - 0, Telefax: 0 89 / 216 99 - 11,
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