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: ISHA) is an independent, internationally leading provider of omnichannel commerce solutions. The latter are available as cloud-based commerce-as-a-service solutions or as licensed models and combine the expertise from over 25 years of software development for online commerce. Upon request, Intershop orchestrates the entire omnichannel commerce process chain – from the design of online channels to the implementation of software to fulfillment. Around the globe more than 300 enterprise customers run Intershop solutions. Customers include large corporations such as HP, BMW, Würth and Deutsche Telekom as well as medium-sized enterprises. Intershop operates in Europe, the USA and the Asia-Pacific region.

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 Public Relations

Heide Rausch
Head of Corporate Communication