ProSiebenSat.1 Media AG

euro adhoc: ProSiebenSat.1 Media AG
Mergers - Acquisitions - Takeovers
Axel Springer AG to Be New Majority Owner of the ProSiebenSat.1 Group

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 05.08.2005 - Axel Springer AG to acquire all voting rights in the company, announces tender offer - Plans for ProSiebenSat.1 Media AG and Axel Springer AG to merge Munich, August 5, 2005. Axel Springer AG and P7S1 Holding L.P., the majority shareholder of ProSiebenSat.1 Media AG, signed a share purchase agreement for the acquisition of all common and preferred stock in ProSiebenSat.1 Media AG held directly or indirectly by P7S1 Holding. The agreed purchase price will be EUR 23,37 per share of common stock, and EUR 14,10 per share of preferred stock. The purchase, which is subject to approval by the antitrust authorities and media regulators, will boost Axel Springer AG’s existing indirect stake (after adjustment for other equity interests) of about 12 percent of ProSiebenSat.1 Media AG to 100 percent of the voting common stock, and 25 percent of the nonvoting preferred stock. After the share purchase agreement is consummated, Axel Springer AG will hold a total of 62.5 percent of the capital stock of ProSiebenSat.1 Media AG. In addition, in a mandatory announcement under Germany’s Securities Acquisitions and Takeover Act, today Axel Springer AG published its decision to make a voluntary cash tender offer to ProSiebenSat.1 Media AG shareholders. The offering price to preferred shareholders is to be the volume weighted three months average stock price of the ProSiebenSat.1 preferred stock prior to today's announcement of the tender offer. According to preliminary calculations, this corresponds to a price of EUR 14.10 per preference share. Axel Springer will announce the relevant price as soon as it has been determined. The offer is likewise subject to approval from the antitrust and media authorities. Once Axel Springer AG has completed its majority takeover of ProSiebenSat.1 Media AG under the share purchase agreement, and the tender offer has closed, it is planned to merge the two companies. In the merger, preferred shareholders of ProSiebenSat.1 Media AG will receive preferred stock in the combined entity. Contact: Katja Pichler Corporate spokesperson ProSiebenSat.1 Media AG Medienallee 7 D-85774 Unterföhring Phone +49 (89) 95 07-11 80 Fax +49 (89) 95 07-11 84 email: Katja.Pichler@ProSiebenSat1.com end of announcement euro adhoc 05.08.2005 08:10:34 -------------------------------------------------------------------------------- ots Originaltext: ProSiebenSat.1 Media AG Im Internet recherchierbar: http://www.presseportal.de Further inquiry note: Anja Schmidt Assistenz Konzernsprecherin Te..: +49 (0)89 9507 1181 E-Mail: anja.schmidt@ProSiebenSat1.com Branche: Television ISIN: DE0007771172 WKN: 777117 Index: Midcap Market Index, MDAX, Prime Standard, CDAX, Classic All Share, HDAX Börsen: Berliner Wertpapierbörse / free trade Hamburger Wertpapierbörse / free trade Börse Düsseldorf / free trade Niedersächsische Börse zu Hannover / free trade Bayerische Börse / free trade Bremer Wertpapierbörse (BWB) / free trade Frankfurter Wertpapierbörse / official dealing

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