Ad-hoc | 31 October 2002 20:53

Senator Entertainment AG english

Senator shifts over to the Regulated Market Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Senator shifts over to the Regulated Market Since January 29, 1999, Senator Entertainment AG has been listed on the stock exchange, included in the NEMAX 50 from its very beginning. As has been decided by the governing bodies of the Deutsche Börse, the Neue Markt is to be discontinued. Senator has decided to withdraw from the Neue Markt and remain listed in the Regulated Market. The strategic growth possibilities and the current general cost-saving program comprising the focus of company policy can be reached more easily in this way, also in the view of many investors. Independent of the developments in the stock markets, Senator will continue to build up its national and international core competences. The high costs in connection with the Neue Markt’s requirements contradict the overall valuation of entire sectors by investors since essential differentiation is not made. The share prices are increasingly oriented toward the respective direction of large capital flows. The experiences in the Neue Markt have also shown that market typical mechanisms have led, in part, to irrational valuation distortions. The current market conditions thereby prevent confidence in enterprises which continue investing. Contact: Senator Entertainment AG Karl W. Homburg Head of Investor Relations Corporate Communications phone: +49 30 88091-612 k.homburg@senator.de Haubrok AG Christian Hillermann Investor Relations GmbH phone: +49 40 300 86 90 c.hillermann@haubrok.de end of ad-hoc-announcement (c)DGAP 31.10.2002 ——————————————————————————– WKN: 722440; ISIN: DE0007224404; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 312053 Okt 02