Intershop Communications AG | Ad Hoc Announcement |

Intershop Communications AG decides to increase share capital

Jena, 17 September 2015 – The Management Board of Intershop Communications AG (ISIN: DE000A0EPUH1) today decided, with the consent of the company’s Supervisory Board, to increase the existing share capital from authorised capital by up to 5%. According to the resolution, the share capital of EUR 30,183,484 will be increased to up to EUR 31,683,484 through the issue of up to 1,500,000 new bearer shares against cash contribution and with shareholders’ subscription rights being excluded. The issue price of the new shares is EUR 1.10 per share. The new shares are entitled to profit from 1 January 2015.

The new shares will be offered to institutional investors by way of a private placement through VEM Aktienbank AG, Munich, using an accelerated bookbuilding process. Placement starts today, 17 September 2015 and will presumably be completed tomorrow, 18 September 2015. The new shares are to be admitted to trading in the regulated market (Prime Standard) of the Frankfurt Stock Exchange without a prospectus being published.

Intershop will use the proceeds from the capital increase for additional investments in strategic growth areas including an expansion of its SaaS offering and its B2B solution.

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About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Intershop Investor Relations

Heide Rausch

Head of Corporate Communication

Phone: +49 3641 50-1000
Fax: +49 3641 50-1309