TV-Loonland Completes Debt Restructure

August 16, 2007 World Screen

MUNICH, August 16: TV-Loonland has reached a deal with its
bankers to lower its debt from 20 million euros to 6 million euros.

The restructuring agreement also includes the execution of a
2 million euros capital increase. Subsequent to this increase, the 14 million
euros waived by the banks will be converted into a maximum of a 10 percent
shareholding in the company.

The full details of the restructuring package will be
presented to the shareholders for their approval at the forthcoming AGM.