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ots Ad hoc-Service: CinemaxX AG <DE0005085708> CinemaxX AG announces issue price for forthcoming capital increase

Hamburg (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
The Board of Management and
Supervisory Board have specified an issue price of EUR 18.50 per
individual share certificate, for the scheduled capital increase for
cash at a ratio of 11:1 through the issue of 1,080,000 bearer shares,
each representing a notional EUR 2.56 of capital stock.
The new shares, which will be offered by Dresdner Bank, will carry
full dividend entitlements from the 1999/2000 financial year. The
subscription period will be from June 5 to 19, 2000.
The existing shareholders, the Flebbe family and Kinepolis Group
N.V., of Brussels, - who control approximately 75 % of the share
capital prior to the increase - have transferred their subscription
rights to Senator Film AG, Berlin. Senator Film AG will moreover
acquire further subscription rights and shares, such that it will
hold at least 25 % of the capital stock plus one share.
This capital increase will bring the total equity up to at least
approx. EUR 80 million. The company therefore has no longer
significant borrowings.
The capital measure is intended to speed up the pace of CinemaxX
AG's drive to spread throughout Europe. The inflow of funds will in
addition be used for the development of new fields of business, in
particular in the entertainment sector, for forging new strategic
alliances and media and brand partnerships, and for measures aimed at
consolidating the cinema market.
Queries: 
   Ernst-Günter Surkus, 
   Investor Relations 
   Tel. (040) 450 68-120, 
   Fax  (040) 450 68-218 
   e-mail:  ersu@cinemaxx.de
Thomas Schulz, Presse 
   Tel. (040) 450 68-181, 
   Fax  (040) 450 68-209
   e-mail:  thsc@cinemaxx.de
End
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