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21.12.2001

Intershop Announces Revised Expectations for the Fourth Quarter of 2001 and Fiscal Year 2002

Hamburg, Germany, December 21, 2001 – Intershop Communications AG (Nasdaq: ISHP; Neuer Markt: ISH), a leading provider of e-business software applications, today announced revised financial expectations for the fourth quarter of 2001 and FY 2002.

Intershop expects fourth quarter 2001 revenue to be in the range of Euro 12-13 million, with fourth quarter license revenue exceeding third quarter 2001 license revenue. Because of lower-than-expected fourth quarter 2001 costs, the Company expects its net loss to decrease substantially. The EBITDA loss for the fourth quarter is expected to be in the range of Euro 8-9 million.

Fourth quarter 2001 cash usage has further slowed. Total cash including cash, cash equivalents, marketable securities, and restricted cash is expected to be approximately 36-37 million at quarter end.

Due to continued corporate IT spending restraints, Intershop expects quarterly revenue in the first and second quarter of 2002 to each not differ significantly from fourth quarter 2001 revenue. The potential for improved corporate IT spending as well as increasing revenue contributions from Intershop’s recently announced new products are expected to positively impact quarterly revenue in the second half of 2002. Intershop anticipates FY 2002 revenue will be below FY 2001 revenue.

Full financial results for the fourth quarter of 2001 and FY 2001 will be reported on February 12, 2002.

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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