Intershop Communications AG | Ad Hoc Announcement |

Intershop Implements Cash Capital Increase

Jena, July 26, 2007 – Intershop Communications AG (Prime Standard: ISH2) today announced the resolutions by the Company’s Management Board and Supervisory Board to implement a cash capital increase from authorized capital while disapplying stockholders’ pre-emptive rights by issuing 1.6 million new no-par value bearer shares.

A number of investors, who will each acquire tranches of at least 50,000 shares, were admitted to subscribe for the new shares at an issue price of EUR 3.00 per share. Pricing is based on the average XETRA daily closing price at the Frankfurt Stock Exchange in a five banking day reference period preceding the resolutions. Application will be made shortly to enter the capital increase in the commercial register and to admit the new shares to trading on the stock exchange. Intershop’s capital action will increase its free liquidity by EUR 4.8 million. Thus provide the new management with the financial capacity for concluding restructuring and the active expansion of the fulfillment business area.
The issue of the new shares will increase the total number of Intershop ordinary bearer shares issued and in circulation by 1,600,000 from 22,750,821 to 24,350,821.

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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