RNS Number:0076Q
2waytraffic N.V.
13 March 2008


                                                                                

               2waytraffic N.V. ("2waytraffic" or the "Company")                

                                 Trading update                                 
13 March 2008 
 
 

2waytraffic, the AIM listed interactive media content provider, today announces
a trading update for the year ended 31 December 2007. The Company has also
announced today the terms of a recommended cash offer (the "Offer") made by 2JS
Productions B.V. a wholly owned group company of Sony Pictures Entertainment
Inc.

Trading Update

2waytraffic announces that despite a challenging 2007, the Company expects to
report underlying Normalised EBITDA* for the year ended 31 December 2007 of
approximately Euro29 million (unaudited). Net debt (excluding earn out liabilities)
at the 2007 year end was approximately Euro70 million.

During the course of 2007, 2waytraffic has focused increasingly on its core
business of producing, distributing and exploiting its expanding high quality
catalogue of entertainment content across multiple platforms. This strategy had
successes, including, at the end of 2007, new commissions and re-commissions for
"Who Wants to be a Millionaire?" in a number of territories and significant
interest and commissions for its new formats developed during the year. New
elements have been introduced to "Who Wants to be a Millionaire?" in some
territories and there has been increased interactive and ancillary exploitation.
"50/50", the first spin-off from the well established format of "Who Wants to be
a Millionaire?", has also been launched.

Recommended offer

The Company has also announced today the terms of a recommended cash offer made
by 2JS Productions B.V., a wholly owned group company of Sony Pictures
Entertainment Inc. For further details of the Offer, 2waytraffic shareholders
should refer to the Offer announcement dated 13 March 2008. The Directors note
in the Offer announcement that should the Offer not proceed the 2waytraffic
Directors believe that the continuing operations of the 2waytraffic Group will
generate similar levels of profitability in 2008 as were generated in
2007. Accordingly, in these circumstances, the Directors would expect to agree a
revised financial structure for the Group.
Notes:
 
*EBITDA is earnings before interest, tax, depreciation and amortisation. 
 
 
 
 
Enquiries: 
 
2waytraffic                                                                           
Jeroen Tielens /Kees Abrahams                            +31 (0) 35 750 80 00         
Yvette Dore / Malcolm Gardner                            +44 (0) 20 7908 5020         
                                                                                      
Investec Investment Banking                                                           
David Currie/Andrew Craig / Ben Poynter                  +44 (0) 20 7597 4000         
                                                                                      
Financial Dynamics                                                                    
Charles Palmer                                           +44 (0) 20 7831 3113         

 



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