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

Net work expansion

31.07.2007

Frankfurt am Main, July 31, 2007 - Neue Sentimental Film AG (ISIN: 
DE0005341408), a leading international production company for 
advertising films and TV formats signed on 30th July 2007 an 
agreement to acquire the Düsseldorf-based production company Chased 
by Cowboys GmbH. The brand rights were also acquired as part of the 
purchase.

During the past few years, the "Chased by Cowboys" brand has 
generated revenues totaling EUR 8-10 million p.a. Successful spots 
were filmed in particular for European and Asian customers from the 
automotive, telecommunications and finance sectors. The acquired 
company processed the majority of these spots. The selling director, 
who is a top name among international directors, has maintained his 
exclusive links to the company.

This has allowed the NSF Group to reinforce its position, in 
particular in key industry segments and also for its creative 
prowess. After Chased by Cowboys has been successfully integrated 
into the Neue Sentimental Film Group synergies are to be 
substantially expanded, as well as the company's reach via a company 
to be newly formed in France.

end of announcement                               euro adhoc 31.07.2007 09:53:53

Further inquiry note:

Thomas Schwinger-Caspari
Member of the Managing Board
Neue Sentimental Film AG
Phone: +49 (0) 69 - 94 33 14 0
Fax: +49 (0) 69 - 49 70 30 3

Branche: Cinema
ISIN: DE0005341408
WKN: 534 140
Index: CDAX, Prime All Share, Classic All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade