PrimaCom AG

euro adhoc: PrimaCom AG
Stockholder charge against the PrimaCom AG/Unter other the Company should terminate the contract with the Second Secured Lenders

--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------


A shareholders’ lawsuit has been filed against PrimaCom AG. The court has been asked to declare that PrimaCom AG should not be bound to uphold the commitments of the second secured facility agreement which, according to the claimants, is an interference in PrimaCom AG’s company structure and also an interference in shareholders’ rights.  

With the claim PrimaCom AG should be obliged to terminate the contract with the second secured lenders. Furthermore it should be determined that the second secured facility agreement (SSFA) represents a Control Agreement which would result in the contracting partners of the SSFA, among them the J.P.Morgan Chase bank, companies of the Blackstone and the Apollo, both so-called " private equity enterprises ", being obliged to compensate PrimaCom AG for losses incurred during the term of the agreement.

Furthermore it should be declared that the contracting partners of the SSFA are obliged to compensate the company for damages which have arisen or arise from from causing PrimaCom to undertake disadvantageous legal transactions or other measures or which have arisen or arise through the withholding of approval of transactions which are in the Company’s interest. Additionally the claim should   declare that for the purposes of §117 of the German stock corporation law the organs of PrimaCom AG (Management & Supervisory Boards) have been and are still being held bound to fulfil disadvantageous clauses of the SSFA.  Finally for the purposes of §117 German stock corporation law it should be declared that the contracting partners of the SSFA originally caused the organs of the company (Management & Supervisory Boards) to enter into the SSFA.

end of announcement                                                 euro adhoc 15.06.2005 15:22:10

ots Originaltext: PrimaCom AG
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Further inquiry note:
Investor Relations
Tel.: +49 (0) 6131 - 944 522
Fax: +49 (0) 6131 - 944 508

Branche: Telecommunications Equipment
ISIN:      DE0006259104
WKN:        625910
Börsen:    Frankfurter Wertpapierbörse
                Berliner Wertpapierbörse
                Hamburger Wertpapierbörse
                Baden-Württembergische Wertpapierbörse
                Börse Düsseldorf
                Niedersächsische Börse zu Hannover
                Bayerische Börse
                Bremer Wertpapierbörse (BWB)

Weitere Meldungen: PrimaCom AG

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