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Advanced Medien AG

euro adhoc: Advanced Medien AG
Lender clears path for reorientation of Advanced Medien AG (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Lender clears path for reorientation of Advanced Medien AG
Munich, March 24, 2004 - Advanced Medien AG (ISIN DE-0001262186, WKN
126218) today announced that its lending bank has issued a letter of
subordination on March 24, 2004 for EUR 4.5 million of its total loan
amount of EUR 8.5 million in order to prevent the over indebtedness
of Advanced Medien AG in its balance sheet as of December 31, 2003.
The bank also confirmed its willingness to relieve Advanced Medien AG
of its debt in the course of renegotiating the loan agreement by
transfering the film licensing business to its subsidiary Advanced
Produktions GmbH.
In addition to issuing the letter of subordination, the lending bank
also declared that it does not require Advanced Medien AG to repay
its loan in connection with the capital measures necessary for the
pending acquisition of a company. This fulfills another important
prerequisite for the new orientation of Advanced Medien AG.
Negotiations with the seller are in the final stages. The capital
measures necessary to finance the purchasing price are being
prepared.
Advanced Medien AG
The management board
end of announcement        euro adhoc 24.03.2004

Further inquiry note:

Advanced Medien AG
Susanne Rehm

Branche: Media
ISIN: DE0001262186
WKN: 126218
Index: CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

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