Board Member Axel Köhler Resigns From Office

Jena, 20 August 2018 - Intershop Communications AG, a leading provider of innovative omnichannel commerce solutions, announced that Axel Köhler has resigned from his position as member of the Management Board and Chief Sales Officer (CSO) effective August 16, 2018. No further extension of the contract was agreed with the Supervisory Board.

As CSO Axel Köhler was responsible for Sales and Marketing. He joined Intershop in May 2013 as Senior Vice President Global Sales and Marketing, where he was already responsible for Intershop's global sales and marketing activities. He was appointed to the Executive Board in 2015.

Christian Oecking, Chairman of the Supervisory Board of Intershop Communications AG, thanks him for his contributions: "Intershop is systematically working on its transformation towards the Cloud business. Mr. Köhler has made significant contributions to this. This applies on the one hand to the product and service portfolio offered today, where the focus is now on B2B business and a consistent cloud orientation. On the other hand, he had a leading role in the subsequent alignment of the respective internal processes. We would like to sincerely thank him and wish him all the best for his future."

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About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) 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