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14.07.2003

Intershop Management Board Member Werner Fuhrmann Resigns

Jena, Germany - July 14, 2003 – Intershop Communications AG (Prime Standard: ISH1; Nasdaq: ISHP) announced that the Company’s founder Stephan Schambach has handed over the position of Chief Executive Officer to Dr. Juergen Schoettler, effective today.

This change in leadership was approved by Intershop’s Supervisory Board. Stephan Schambach, previously Intershop’s CEO and Chairman of the Management Board, will remain a Member of the Management Board and focus on strategy and product development. Stephan Schambach said, “As the founder and long-serving CEO of Intershop, I have decided to hand over the leadership of the Company to my colleague Dr. Juergen Schoettler. Since Intershop’s founding in 1992, I have built and led the Company. With the launch of our Unified Commerce Management concept, we have defined a new market segment and released a new software product suite. In order to ensure a successful roll-out of the Company’s new strategy, we must focus on operational excellence. Since joining Intershop last year, Dr. Schoettler has proven to be a smart and effective leader. In my new role, I will concentrate on product and market strategy, and I will spend more time with customers.”

Dr. Schoettler stated, “It is an honor to have been selected to take on the role of CEO at Intershop. I am clearly focused on maximizing the commercial potential of Intershop’s renown online commerce software technology and on significantly strengthening the operational business.” Dr. Schoettler has served as Intershop’s Chief Financial Officer (CFO) and as a Member of the Management Board since joining the Company in April 2002. Dr. Schoettler will jointly perform the tasks of CEO and CFO.

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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