TV-Loonland: Shareholder Group Withdraws Motion for Summoning of Extraordinary General Shareholders' Meeting

TV-Loonland: Shareholder Group Withdraws Motion for Summoning of Extraordinary General Shareholders' Meeting

MUNICH, Germany, November 16/PRNewswire/ --

- New Major Shareholders Report Shareholding Exceeding 5%

TV-Loonland's (WKN: 534840) management board announces that the
shareholders Dr. Michael Briem and Aktieninvestor.com have withdrawn their
motion of 26 September 2005 for the summoning of an extraordinary general
shareholders' meeting due to allegedly improper exclusion from the annual
general meeting on 29 August 2005, on 10 November 2005. Thus the
shareholders apparently wanted to avoid a court dismissal of their petition
to summon an extraordinary general shareholders' meeting on grounds of abuse
of the law.

However the annulation petition filed for practically the same
reasons by Aktieninvestor.com AG on 27 September 2005 with the Munich
regional court to interdict various resolutions adopted by the 29 August 2005
AGM is still pending. The management board and supervisory board are
confident that the annulation suit will fail, too.

The same applies to the public takeover offer by the shareholders Dr.
Michael Briem and Aktieninvestor.com AG, published on 25 October 2005 and on
which the Company rendered a detailed opinion on 8 November 2005 (see
TV-Loonland homepage). Pursuant to the statement reported on 14 November 2005
by the takeover group, only 1.09% of the shares are to be acquired in the
context of the takeover offer.

On 14 November 2005, the Company was informed that IFM Independent Fund
Management AG has acquired a 5.28% voting share in TV-Loonland AG.

"The withdrawal of the petition by the Briem/Aktieninvestor.com AG
corporate group for summoning of an extraordinary general shareholders'
meeting - that had been filed with the Munich district court - strengthens
our conviction that even the pending annulation suit and takeover bid will
be unsuccessful. After TV-Loonland was successful in conducting a capital
increase from authorized capital despite threats of litigation for damages
and successful acquisition of a new major investor, we will dedicate
ourselves even more intensively with our expansion of operative business and
determined implementation of our strategic targets", said CEO Selma Käppel.

For further information please contact:

Press/Investors:

Ilona McLean
Director Press/Investor Relations
Tel: +49-89-20508-0
Fax: +49-89-20508-199
Mobile +49-177-7431888
Email: imclean@loonland.com

Source: TV Loonland AG

Press/Investors: Ilona McLean, Director Press/Investor Relations, Tel: +49-89-20508-0, Fax: +49-89-20508-199, Mobile +49-177-7431888, Email: imclean@loonland.com

-------
Profile: intent