BKN Bkn Intl (BR)

RNS Number:4810N
BKN International AG
13 June 2005


Press Release                                                     13 June 2005


                              BKN International A.G.

                            ("BKN" or "the Company")

              Outcome of Placing and conversion of convertible bond

BKN, a global animation company engaged in the distribution and marketing of
animated children's television programmes and related consumer products,
announces that it has placed 494,079 new shares at a price per share of Euro5.53
for total gross proceeds of Euro2.7 million with institutional and other
shareholders. This placing of new shares has been effected pursuant to the
Company's announcement of 18 May 2005.

The Company has also issued 211,000 new shares to Baystar Capital, in accordance
with the conversion of a convertible bond issued in September 2004 for
compensation of debt of approximately Euro1.2 million.

The issued share capital amounts today to Euro15,717,566 divided into 15,717,566
no-par value shares.

The Company is managing closely the issuance of new equity so as to minimise any
shareholder dilution while at the same time raising the necessary funds to grow
the business. Accordingly, since the Company did not place the maximum amount of
shares contemplated in this offering as per the 18 May announcement, it intends
to issue a debt instrument (not finalized), by the end of the year, in the
amount of approximately Euro5 million to complete its fundraising needs and achieve
its stated goals.

The Company stated that the new shares will be listed under the same ISIN code
on the Frankfurt Stock Exchange beginning on the 10 June and on the AIM market
of the London Stock Exchange on the 13 June 2005.

Allen Bohbot, Chairman and Chief Executive of BKN International, commented:

"We have broadened our institutional shareholder base by the addition of a new
UK based quality institution as well as expanded with Baystar Capital. As noted
in our half year results recently published, business remains good and the
outlook is promising."
                                    - Ends -


Enquiries:

BKN International A.G.
Roland Philipp                                        Tel: +49 2215 540 5190
Roland.philipp@bknkids.com                            www.bknkids.com

                                                              

Panmure Gordon & Co.
Richard Swindells, Corporate Finance                  Tel: +44 (0) 20 7459 3600
richard.swindells@durlacher.com                       www.panmure.com

                                                              

Media Enquiries:

Abchurch
Henry Harrison-Topham / Heather Salmond               Tel: +44 (0) 20 7398 7700
henry.ht@abchurch-group.com                           www.abchurch-group.com
                                                       

Notes to editors:
BKN International A.G. is a global animation company engaged in the distribution
and marketing of animated children's television programmes and the marketing of
related consumer products (licensing and merchandising) in all forms. BKN has
worked on numerous successful animation projects.

The Company is currently listed on the Deutsche Bourse and AIM and it operates
all over the world. BKN has successfully negotiated distribution deals in over
80 countries and territories in the children's programming market.

The Company's Film Library includes:
- Legend of the Dragon
- UBOS
- Kong - The Animated Series
- Kong- King of Atlantis
- Triple Threat from Outer Space
- Roswell Conspiracies
- Shanghai Tiger
- Adventures of Sonic the Hedgehog
- Pocket Dragon Adventures
- Highlander - The Animated Series




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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