Premiere Chief Offloads 11.3 Million Shares

MUNICH, February 14: Georg Kofler, the chief executive of
Premiere, has sold more than 11.3 million shares in the German platform, wire
reports indicate, representing about 12 percent of the company.

According to the Associated Press, Kofler sold the shares
though the Luxembourg-based Fernseh Holding. The price at which the shares were
sold was not disclosed.

Kofler has also said that he will invest at least 10 million
euros in Premiere stock.