INTANDEM FILMS PLC ("INTANDEM" OR THE "COMPANY")
                               ISSUE OF LOAN NOTES

The Board of Intandem Films plc, the AIM-listed feature film financing and sales
company,  announces  that  it has today repaid in  full  all  of  the  unsecured
convertible  loan  notes  outstanding  totalling  �367,500  described   in   the
announcement of 21 January 2008 carrying a fixed interest rate of  9  per  cent.
per annum.

The Board announces that it has raised additional working capital of �450,000 by
way  of a further issue of unsecured convertible loan notes for cash (the  "Loan
Notes")  to  Graham Hampson Silk, an existing shareholder and former  loan  note
holder.

The principal terms of this agreement are set out below:

Principal amount:      �450,000
                       
Conversion price:      4.5 pence per share
                       
Conversion terms:      the  Loan  Note may be convertible
                       into  new ordinary shares  at  any
                       time  (in whole or in part)  until
                       31   December  2011,  other   than
                       during the Company's Close Periods
                       (as  defined by the AIM Rules  for
                       Companies).
                       
Interest rate:         a  fixed  rate of 8 per cent.  per
                       annum,   payable   quarterly    in
                       arrears   on   full   or   partial
                       redemption of the Loan
                       
Redemption             the  Loan  Notes are repayable  at
conditions:            the  request  of the investor  (in
                       whole   or   in  part)  after   31
                       December   2009  on   giving   one
                       months'  notice. The  Company  may
                       repay  the Loan Notes at any  time
                       after 31 December 2011 upon giving
                       one month's notice.

On  conversion,  a  maximum  of  10,000,000 new  Ordinary  Shares,  representing
approximately  10.73 per cent. of the enlarged ordinary share capital,  will  be
issued.

In  addition, Graham Hampson Silk is providing a loan facility of �50,000 to the
Company carrying a fixed interest rate of 10 per cent. per annum.

The  Board of the Company believes that this prudent refinancing will assist  in
providing  the Company with the working capital to pursue its business  strategy
for the next twelve months.

The issued share capital of the Company is 83,175,000 ordinary shares.
Contact:

Intandem Films Plc
Gary Smith
Tel:  +44 (0) 20 7851 3800


Nominated Adviser to Intandem Films plc
Dowgate Capital Advisers Limited
James Caithie
Tel:  +44 (0) 20 7492 4777

Broker to Intandem Films plc
St Helen's Capital plc
Ruari McGirr/Mark Anwyl
Tel: +44 (0) 20 7628 5582
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