Ad Hoc Announcements 2006

27.01.2006

Correction of the ad hoc disclosure dated December 2, 2005; slightly lower conversion rate for convertible bond

Jena, January 27, 2006 – Intershop Communications AG (Prime Standard: ISH2; "Intershop" or the "Company") has just been informed by the bank in question that only 4,886,402 bonds from the 2004/2008 zero-coupon convertible bond, rather than the reported 5,208,306 bonds, were converted into shares of the Company. This now results in a slightly reduced conversion rate of 43.1% of the issued bonds, compared with the reported rate of 46%.

This difference is due to the fact that fewer bonds were deposited than previously announced. As a result of the conversion option being exercised, the Company's capital stock rose by EUR 4,886,402 from a current EUR 12,775,650 to EUR 17,662,052, while the total number of issued Intershop common bearer shares outstanding rose from 12,775,650 to 17,662,052, through the issue of 4,886,402 new shares from the Company's Conditional Capital IV.

Investor Relations:
Annett Körbs
T: +49-3641-50-1370
F: +49-3641-50-1309
ir@intershop.de

Public Relations:
Dr. Ute Danz
T: +49-3641-50-1000
F: +49-3641-50-1002
pr@intershop.de

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