Management Declaration

In the Management Declaration, the Executive Board and Supervisory Board report on corporate governance pursuant to sections 289f and 315d of the German Commercial Code (HGB). The Management Declaration includes information on relevant corporate governance practices and other aspects of corporate governance in addition to the annual Declaration of Compliance pursuant to section 161 of the German Stock Corporation Act (AktG). The Executive Board and Supervisory Board regard good corporate governance as an essential component of responsible, transparent management geared toward long-term value creation.

DECLARATION OF COMPLIANCE WITH THE GERMAN CORPORATE GOVERNANCE CODE PURSUANT TO SECTION 161 OF THE GERMAN STOCK CORPORATION ACT

The Executive Board and the Supervisory Board of ProSiebenSat.1 Media SE declare that the recommendations of the “Government Commission on the German Corporate Governance Code” (GCGC) in the version of December 16, 2019, published in the official section of the Federal Gazette (Bundesanzeiger) on March 20, 2020, are currently complied with and will continue to be complied with in the future.

Also, in the period since the issuance of the last declaration of compliance in December 2020, all recommendations of the GCGC have been complied with.

December 2021

Executive Board and Supervisory Board of ProSiebenSat.1 Media SE

The current Management Declaration pursuant to Sections 289f, 315d HGB of March 2021 can be found in the Annual Report 2020.