Press Release of Intertainment AG

Local Court orders preliminary insolvency administration

Munich, March 22, 2006
- The Munich Local Court (Amtsgericht München) has ordered preliminary insolvency administration for Intertainment AG and Intertainment Licensing GmbH, both registered in Munich. The Munich lawyer, Dr. Martin Prager, has been appointed as the preliminary insolvency administrator. Dr. Prager had already been commissioned by the Munich Local Court in mid-February to draw up an expert report intended to clarify whether the two companies are overindebted and unable to meet their financial obligations, or whether there is a threat of impending insolvency, further to ascertain what prospects there are for continuing the indebted company as a going concern, and whether the assets are sufficient to cover the costs of the insolvency proceeding.

End of the Press 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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