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05.12.2005 – 17:45

PrimaCom AG

euro adhoc: PrimaCom AG
other
Closing has taken place today

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
05.12.2005
The company reports that the closing has taken place today. The
financial restructuring of the company has successfully completed
after nearly one and a half year of tough negotiations. The
following, important components form the basis of the closing:
1.       The sale of Dutch subsidiary N.V. Multikabel Alkmaar for EUR515 million
to the Amsterdamse Beheer-en Consultingmaatschappij B.V. and Christine Beheer-en
Adviesmaatschappij B.V., companies.
2.       The repayment of the settlement with the Second Secured Lenders in the
amount of EUR375 million.
3.   The repayment of the Senior Lenders liabilities in the amount of EUR462
million.
The new financing will be made through a senior credit from ING Bank
N.V. in the amount of EUR280 million plus an overdraft of EUR20
million and a mezzanine financing from Och Ziff Management in the
amount of EUR69 million. The whole financing was granted to the
company in line with the market conditions. In the course of the new
financing, a renowned auditing company reported positively on the
financial health of the company. The future of the company is secured
with these closing transactions.
PrimaCom AG
Management Board
end of announcement                               euro adhoc 05.12.2005 17:12:20

Further inquiry note:

Investor Relations
Telefon: +49(0)6131 944 522
E-Mail: investor@primacom.de

Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
standard