TV-Loonland is pleased to announce that it has now reached and signed an agreement with its bankers in respect of the restructuring of the company's debt.

The main elements of that package are that the EUR 20 million debt due to the banks will be reduced to EUR 6 million and a minimum capital increase of EUR 2 million will be carried out.

Subsequently to this capital increase the EUR 14 million waived by the banks will be converted into a maximum of a 10% shareholding in the company's new capital, following a second capital increase as a debt for equity swap for this 10%.

The full details of the restructuring package will be presented to the shareholders for their approval at the forthcoming AGM, the date of which will be announced shortly.

The accounts for the financial year 2006 and for both the first and second quarter of 2007 will therefore be published shortly.

Once the restructuring package has been approved by the shareholders TV-Loonland looks forward to fully executing its business plan for the coming years with all of its new titles.