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PrimaCom AG

euro adhoc: PrimaCom AG
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Agreement in principle with the owners of the Second Secured Loan

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
15.09.2005
The Company announces that today, in London, an agreement in
principle has been reached with the owners of the Second Secured Loan
(SSL) on the economic conditions of a settlement.
Both parties have agreed that the Company will pay EUR 375 mil. to
the owners of the SSL in compensation of all open demands due the
owners of the SSL.
The Company must pay this amount by 30 November 2005. The agreement
will also provide that the Company recognizes a liability due to the
owners of the SSL of EUR 425 mil.  i.e. if the Company is not able to
pay the amount of EUR 375 mil., the owners of the SSL can execute
against the company immediately.
In the agreement the owners of the SSL will agree to the sale of
Multikabel. Regarding Multikabel, a letter of intent exists in which
a potential purchaser agrees to acquire Multikabel. In addition there
have been discussions with other potential creditors and investors.
The management board currently assumes that the payment to the owners
of the SSL will be possible in this timeframe.
The company further assumes that the settlement can be implemented,
only if the Senior Banks also agree.
The agreement has still to be worked out in detail and signed.
PrimaCom AG
Management Board
end of announcement                               euro adhoc 15.09.2005 19:32:38

Further inquiry note:

Investor Relations
Telefon: +49(0)6131 944 522
E-Mail: investor@primacom.de

Branche: Telecommunications Equipment
ISIN: DE0006259104
WKN: 625910
Index: General Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade

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