07.04.2004 – 13:06

e-m-s news media AG

euro adhoc: e-m-s new media AG
Restructuring & Recapitalisations / e-m-s new media AG strengthens equity/ Capital increase by change of liabilities (E)

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

e-m-s new media AG (WKN 521280/ISIN DE0005212807) today executed an
capital increase in return for stock adopted by the Managing Board
and approved by the Supervisory Board. This capital increase involves
1,000,000 shares from the granted capital stock with the exclusion of
purchase rights of shareholders.

The capital increase was subscribed by the Chief Executive Officer of
e-m-s new media AG, Werner Wirsing-Lüke. The rate of issue per share
amounts to 2.50 Euro and is clearly above the average exchange rate
of the last days. With this capital measure, receivables of 2.5
million Euro were change into equity, which Werner Wirsing-Lüke has
against the company.

By this procedure, a future flow of liquidity will be prevented. In
addition, liabilities will be reduced by 2.5 million Euro and
previous charges of interest will not apply. The equity of the
company will be increased by the same amount. With this measure the
structure of the balance sheet of e-m-s new media AG will not only be
considerably improved, but the Chief Executive Officer also points
out its unquestionable confidence in the company’s future.

When this capital measure has been registered, the basic capital of
e-m-s new media AG will have been increased to 24.575 million Euro.
Mr. Wirsing-Lüke then holds 10,486,238 shares of the company, which
correspond to a share of 42.7 percent in the basic capital.

end of announcement        euro adhoc 07.04.2004

Further inquiry note:

Sonja Norden
Tel.: +49 (0) 231 9455 333
E-Mail: s.norden@ems-newmedia.com

Branche: Media
ISIN: DE0005212807
WKN: 521280
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
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade