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20.10.2004 – 08:04

Neue Sentimental Film AG

euro adhoc: Disclosure announcement after § 15 WpHG
Neue Sentimental Film AG
In order to expand its network Neue Sentimental Film AG founds a holding company in Spain.

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

Frankfurt, October 20th, 2004 - The Neue Sentimental Film AG expands again and founds the Neue Sentimental Film Espana S.L. located in Barcelona. The company which is still in the course of formation is due to contract cooperations with Spanish-speaking advertising film productions and to take over shares of production companies.

In this connection Neue Sentimental Film AG promulgates that -after the successfully placed capital increase- shares from a local production company have already been taken over at the beginning of this week. This production company will already be consolidated for 2004. Thereby the sales target is to be raised by probably more than 20%. According to that fact Neue Sentimental Film AG will soon promulgate a new forecast regarding turnover and profit for the fiscal year 2004.

In order to reinforce its presence on the Spanish-speaking market and simultaneously enable the market entry to the significantly increasing Middle- and South American markets, this investment has been transacted. The Spanish-speaking countries offer a professional infrastructure for the production of advertising films on a financially favorable level. Therefore it is possible to produce premium quality films at comparatively low financial conditions.

Neue Sentimental Film AG also carries on surveying an engagement in the South African region. Cape Town will continue to be one of the most important locations for advertising films in the world and an engagement on site would contribute to the prosecution of Neue Sentimental Film AG’s international orientation.

end of announcement                                euro adhoc 20.10.2004 07:33:00

Further inquiry note: Klaus Niemeyer, CFO, Neue Sentimental Film AG, Tel.,: +49(0)69/943314-0, E-Mail:

Branche: Cinema
ISIN:      DE0005341408
WKN:        534 140
Index:    Prime Standard, CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade