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Jena, Apolda, August 1, 2006 - The Stockholders' Meeting of Intershop Communications AG (Prime Standard: ISH2) today adopted the resolutions proposed by the Management Board and Supervisory Board on the approval of the actions of the Management Board, the appointment of the auditors and the authorization to buy back own shares. The resolutions were adopted by a majority of more than 95 percent.
The motion to approve the actions of the Supervisory Board was rejected by the meeting, which had a low turnout representing only 10.759% of the Company's capital stock. Only 25.856% of those present voted to approve the actions of the Supervisory Board.
"The general trend towards a decline in stockholder attendance was confirmed at this year's Intershop Stockholders' Meeting", said Dr. Jürgen Schöttler, CEO. "Only 145 of the total of over 200,000 stockholders were present. This can lead to voting results depending crucially on the behavior of a small number of stockholders."
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
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.