Pixelpark GmbH
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Bertelsmann waives loan repayment
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Bertelsmann waives loan repayment
Berlin, 24 June 2002:
Bertelsmann AG, with a 60.3% stake the largest shareholder in Pixelpark AG,
extended the 15 million EURO loan granted to Pixelpark to a total of 40 million
EUROS, making it a subordinated loan in the process.
Bertelsmann has today announced that it will treat 20 million EUROS of this loan
as a conditional write off with debtor warrant.
Bertelsmann AG already pronounced that it will treat 20 million EUROS of this
loan as a conditional write off with debtor warrant on March 1st of 2002. Thus,
Bertelsmann did treat the entire loan of 40 million EUROS as a conditional write
off with debtor warrant.
end of ad-hoc-announcement (c)DGAP 24.06.2002
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WKN: 514350; ISIN: DE0005143507; Index: NEMAX 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
241727 Jun 02
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