Wild Bunch AG

Earnings Release • Dec 15, 2000

News Details

Ad-hoc | 15 December 2000 14:15

Ad hoc-Service: Senator Entertainment AG engl

Ad hoc-announcement edited and sent by DGAP. The sender is responsible for the content of this announcement. —————————————————————————— Senator Entertainment AG: CinemaxX No Burden on Operating Results Partial Amortization of CinemaxX Goodwill – No Obligation in Takeover Bid Berlin, 15 December 2000 The Senator Entertainment AG Board of Management expects the company to meet the predicted budget figures for its 2000 operating result (EBIT). On 7 December, CinemaxX AG, in which Senator has a 25 percent plus one-share interest, announced a loss for its abridged fiscal year (1 July to 31 December 2000). This loss will not burden Senator’s operating result, although it will be taken into account pro rata within Senator’s financial performance. Together with this, Senator, which acquired an interest in CinemaxX primarily for strategic reasons, is planning a precautionary special amortization of up to DM 20 million on CinemaxX goodwill. As announced, CinemaxX will be carrying out a radical program to reduce costs and optimize earnings, which will improve the company’s profit situation both in the short and long term. Furthermore, the Deutsche Börse AG’s Commission on Mergers and Acquisitions no longer expects any compulsory offer from Senator for those CinemaxX shares in free float. Under such an obligatory offer, Senator, under certain circumstances, might well have had to expend an additional Euro 48 million for these shares. For questions please contact: Senator Entertainment AG investorrelations@senator.de Constantin von Geyr Head of Investor Relations Tel.: 030 / 88091-610 Eva Krüger Corporate Spokesperson Tel.: 030 / 88091-611 End of Message