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Ad Hoc Announcements

According to preliminary figures, INTERSHOP Communications AG (ISIN: DE000A0EPUH1) generated revenues of approx. EUR 16 million (previous year: EUR 18 million) and EBIT of EUR -2.0 million (previous year: EUR 0.2 million) in the first half of 2018.

The Management Board of INTERSHOP Communications AG (ISIN: DE000A0EPUH1) today decided, with the consent of the Supervisory Board, to use the authorized capital to increase the company’s share capital against cash contributions by close to 10% of the existing share capital.

The Management Board and the Supervisory Board of Intershop Communications AG which was newly composed as of mid-2016, today resolved the strategic plan “Lighthouse 2020” and specified the company’s strategic targets in order to make Intershop fit for the future. The related restructuring measures and the lacking growth momentum in the year to date have prompted the company to adjust its annual forecast.

Intershop Communications AG Supervisory Board members Dr. Herbert May and Dr. Kai Hudetz today informed the company that they will resign from office at the end of the ordinary Annual General Meeting on 2 June 2016.