LUXEMBOURG, June 16, 2003 -- SBS Broadcasting SA (NASDAQ: SBTV; Euronext Amsterdam N.V.: SBS) announced today that it has sold 4,012 shares of Lions Gate Entertainment (AMEX and TSX: LGF) 5.25% Convertible Redeemable Preferred Shares, Series A to Lions Gate Entertainment for $9,027,000. SBS retains 1.7 million warrants that are exercisable into Common Shares of Lions Gate Entertainment stock.

"This sale is consistent with our announced plan to dispose of non-core, minority positions or non-consolidated assets," said Harry Evans Sloan, SBS Broadcasting’s Executive Chairman. "We plan for the proceeds of this sale to improve our balance sheet."


SBS is a European commercial television and radio broadcasting company with operations in Western and Central Europe. Countries where SBS currently has broadcasting assets include: Austria, Belgium (Flanders), Denmark, Finland, Greece, Hungary, The Netherlands, Norway, Poland, Romania and Sweden.