INTANDEM FILMS PLC ("Intandem" or "the Company")                

                   Issue of Unsecured Convertible Loan Notes                   

                             and Trading Statement                             

Intandem Films plc (AIM: IFM), the feature film executive production and
international sales company, today announces that it will be exhibiting at the
Cannes Film Festival starting on 17 May 2006 and will be selling its catalogue
of twelve films which are either completed or in post production.

Intandem is also negotiating the financing over a range of ten new films with
production budgets in excess of US$100 million. Intandem has been appointed as
the executive producer and international sales distributor to these films.

The Board anticipates at least three of the films will commence production over
the summer and commissions on sales from these new films could be generated
during the year ending 30 June 2007.

As previously stated on 24 April 2006, the Board expects to announce improved
results for the year ending 30 June 2006.

To provide the Company with the necessary working capital to continue its
marketing and sales work on its slate of films over the busy post Cannes period
the Company has today entered into a �192,500 unsecured convertible loan note
agreement ("the Loan Notes") with a single investor. Upon full conversion the
Loan Notes convert into 3,500,000 Ordinary Shares in the Company (representing
4.2 per cent. of the current issued share capital) at 5.5 pence per share being
a premium of 3 pence (120%) to the current share price of 2.5 pence.

The Loan Notes may be converted (in whole or in part) at any time until 31 May
2009, other than during the Company's Close Periods, being 2 months prior to
the announcement of the Company's preliminary interim and final results to the
London Stock Exchange.

Interest is payable on the Loan Notes from the Commencement Date to the earlier
of the date of redemption or the date of conversion. Interest is charged at 8
per cent. per annum and accrues from day to day on the aggregate principal
amount of the Loan Notes outstanding and is paid quarterly in arrears on the
first business day of January, April, July and October until conversion or, if
earlier, when the Loan Notes are repaid.

The Loan Notes are repayable at the request of the investor (in whole or in
part) after 31 December 2006 on giving one month's notice. The Company may
repay the Loan Notes at any time after 31 May 2009 upon giving one month's
notice.

Gary Smith, Intandem Films plc's Chairman, stated: "I am delighted by the
support we have received in this financing round which gives us the funding we
require to continue to progress our sales and marketing work. It also provides
additional working capital whilst we are closing on an aggressive slate of new
films."

                                      END                                      

Contact:

Gary Smith, Chairman, 020 7851 3800

Alastair Kennedy, Finance Director, 020 7851 3800

Ross Andrews, City Financial Associates, 020 7090 7800



END
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