DAS WERK AG
Ad hoc-Service: DAS WERK AG Merger with En Ef

Ad-hoc announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— DAS WERK AG on the Road to Global Expansion Merger with Internationally Operating Enterprise En Efecto from Barcelona Business Plan Adjusted: Target Figures Set Higher DAS WERK AG is merging with the En Efecto Group of Barcelona. The Spanish Group with its 180 employees specializes in digital post-production and animation, is the market leader on the Iberian Peninsula, and has branch offices in Canada (Montreal) and Korea (Seoul). En Efecto will continue to exist as a Group under the holding company, DAS WERK AG. With this merger, DAS WERK AG will establish itself as a global player in the Champions League of digital film and video processing. The merger should be completed in the 3rd Quarter 2000. With the merger, DAS WERK AG is taking the first step towards their announced course of internationalization. The merger will strengthen DAS WERK AG strategically in the following way: Cine Efecto, which specializes in motion picture processing, is a congenial partner for Das Werk that will make the acquisition of large and international film projects easier. The Spanish co-production partners of Road Movies, a film production company belonging to DAS WERK AG, will now have processing services available in Spain. In the field of DVD mastering, Cine Efecto belongs to the leading companies on the Spanish market. Starting immediately, Das Werk is now able to offer the know-how of the growing market for DVD in Germany as well. The company Crater Software of Montreal/Barcelona, which specializes in the development and distribution of animation software, provides Das Werk with the opportunity to market their own developed software on the world market of post-productions. The animation studio Tons of Toons of Gerona, which specializes in television series, and Spako Media of Seoul will be able to support the realization of cartoon projects designed for the international market. One example would be the project “Loisel’s Peter Pan” which is currently being developed by Das Werk and Trixter Film. Spako Media is a joint venture of which En Efecto holds 45 percent of the shares. In Spain, Video Efecto has the same structure and holds the same market position as the Das Werk companies in Germany. The merger will expand personnel resources concerning the number of highly-qualified, creative video processing specialists and increase the company’s flexibility. The extension of the European market leadership creates buying advantages for the Group among hardware and software suppliers. The En Efecto Group plans on achieving sales revenues in the amount of 25 milllion Euro in the current year. For 2001, sales revenues of 31 million Euro are planned. Due to the merger with En Efecto and the participation in FFP Media published on June 2, the target figures must be adjusted: Total Group revenues are expected to grow to 86.9 million Euro this year. This corresponds to a growth projection of 129 percent as compared to 1999. The forecasted operating result is set at 14.9 million Euro, which corresponds to a growth of 297 percent. After the planned capital increase of 1.1 million shares, this corresponds to earnings per share of 0.65 Euro (plus 261 percent as compared to the result in 1999 of 0.18 Euro). Earnings per share of 1 Euro are planned for 2001. By the end of the year, DAS WERK AG will be represented in four other European countries: branch offices are planned in France, Italy, The Netherlands and Switzerland, which will be realized with acquisitions, shareholding and new foundations. The board of directors of DAS WERK AG will provide more detailed statements on the merger with En Efecto during DAS WERK AG’s general meeting of shareholders held today, June 5, 2000. Upon conclusion of this meeting at aproximately 1pm, representatives of Das Werk and EnEfecto will be available to answer questions. The general meeting of shareholders will begin at 10:30 am at the CongressCenter Messe, Frankfurt am Main. For further information call Das Werk spokesman Wolfgang Borgfeld (0049 69 97353 0, e-mail presse@das-werk.de). End of Message