Financial Highlights Interim Report for the Period 1 January to 30 June 2002 Munich, 6 August 2002

2 Overview First Six Months 2002 Emphasized Financial Data 1st half 20021st half 2001 pro forma 1 1st half 2001 Revenues Gross Profit EBITA EPS ) Review PwC Limited comparability to last year 2001: - Wedding Planner with extremely high margin - significant Financing Fees 2002:- no Financing Fees - different cost structure because of business expansion in 2 nd half of high investments in new film projects

3 Revenues in mComments Revenue Income Statement Numbers Revenues expanded by 33% in the first half 3 Film releases constitute ~ 83% of revenues: Ali (Will Smith), Iris (Kate Winslet), The Dangerous Lives of Altar Boys (Jodie Foster); all films are pure minimum guarantee films Overages on Traffic, Wedding Planner and some other films as well as library revenues account for the remaining 17% of revenues No financing fees booked in the first half Revenues significantly above preliminary estimates due to currency effects. According to SIC-30 IM has to use the average exchange rate for the reporting period pro forma MG FF Ov + 33% FF:Financing Fees Ov:Overages MG:Minimum Guarantees Ov MG

4 Consolidated Income StatementComments COGS and Project Development Costs Income Statement Numbers Gross margin decreases significantly as financing fees of the first half year 2001 did not reoccur in the first six months 2002; also previous year with extraordinary effect of Wedding Planner IM has strongly invested in the development of films, resulting in an increase in development costs of 4.5 m ; the current development pipeline contains about 70 potential film projects

5 Consolidated Income StatementComments Overhead and Taxes Income Statement Numbers Higher overhead costs can mainly be explained through the consolidation of IEG as well as increase in head count IM has started to implement an overhead cost cutting program which is starting to show effects in the second half of 2002 After consolidating IEG, IM had to change its tax structure; taking a prudent position no new losses on tax carried forward could be capitalized

6 Consolidated Balance Sheet: Assets Cash, Receivables and Film Assets Balance Sheet Numbers Cash of 67m slightly above the preliminary estimates; the cash position covers about 125% of the current market valuation (at 1,69/ share) Increase in receivables is caused by the theatrical releases of Ali and The Dangerous Lives of Altar Boys as well as overages from Traffic and Wedding Planner Reduction in film and licence asset is due to regular depreciation of films (The Dangerous Lives of Altar Boys and Traffic) as well as currency effects Comments

7 Consolidated Balance Sheet: AssetsComments Film development costs and deferred taxes Balance Sheet Numbers Lower level of development costs due to going into production of three film projects (Terminator 3, Masked & Anonymous and Suspect Zero) Netting with deferred tax liabilities is not possible due to varying durations. The accrued liabilities have decreased in the same percentage; Roughly 10 mn decrease is the counterpart on the liability side

8 Consolidated Balance Sheet - LiabilitiesComments Bank loans and overdrafts Balance Sheet Numbers Reduction of bank liabilities compared to first quarter due to film projects such as Mindhunters, Basic and Dark Blue The film loans are non-recourse to IM and solely pledged by the film project The Largo film library loan is backed by its assets IEG assets are backing the IEG bank loan; there is no recourse against other IM assets relating to IEG liabilities Leasing liabilities are recourse only against receivables of the respective assets March June Total bank liabilities 30 June 2002 Non-recourse film financing IEG + LargoLeases and others %

9 Consolidated Cash Flow StatementComments Depreciation and Working Capital Cash Flow Numbers Depreciation for Ali, The Dangerous Lives of Altar Boys, Traffic and Wedding Planner, reflecting a significantly higher level of film releases The negative operating Cashflow is mainly caused by an increase of receivables and film development costs At the moment there is no material change in on-balance sheet financing; therefore, investment remains on a low level

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