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PRESS RELEASE
Date:
04/19/2011
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DISCLOSURE OF AN INSIDE INFORMATION PURSUANT TO ARTICLE 17 MAR OF THE REGULATION (EU) NO. 596/2014: Ad Hoc Publication Pursuant to Sec. 15 German Securities Trading Act (WpHG): ProSiebenSat.1 sells TV and print operations in the Netherlands and Belgium to international media consortium

Munich, April 20, 2011. The ProSiebenSat.1 Group has agreed to sell its TV and print operations in the Netherlands and its TV business in Belgium to a consortium consisting of leading international media groups. The consortium comprises Sanoma Corporation and Talpa Holding N.V. for the Netherlands, and Sanoma Corporation, Corelio N.V. and Waterman & Waterman CVA for Belgium. The respective share purchase agreements were signed today. The production business of the ProSiebenSat.1 Group in the Netherlands and Belgium is not included in the transaction and will remain part of ProSiebenSat.1 Group. The transaction relating to the Netherlands is subject to merger clearance.

The total enterprise value underlying both transactions is Euro 1.225 billion. This represents a multiple of 10.6 times for all assets, based on a full-year 2010 adjusted EBITDA of Euro 115 million for these operations. The transactions will significantly reduce net financial debt and financial leverage of the ProSiebenSat.1 Group.

The sale of operations in Belgium and the Netherlands was the result of a comprehensive strategic review conducted by ProSiebenSat.1 in its Belgian, Dutch and Nordic markets. The Nordic businesses remain portfolio assets of the Group. This strategic review is now completed.


ProSiebenSat.1 Group
Corporate Communications
Mediallee 7
85774 Unterföhring
Phone: +49 [0]89-9507-1145
Fax: +49 [0]89-9507-1159
info@prosiebensat1.com
www.prosiebensat1.com

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