ProSiebenSat.1 Media AG

euro adhoc: ProSiebenSat.1 Media AG
Mergers - Acquisitions - Takeovers / KKR/Permira to Be New Majority Shareholder of ProSiebenSat.1 Media AG

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 14.12.2006 Ad Hoc Disclosure under Sec. 15 of the German Securities Trading Act KKR/Permira to Be New Majority Shareholder of ProSiebenSat.1 Media AG - Consortium acquires 50.5 percent of capital stock - KKR/Permira announces tender offer - European TV Group considered Munich, December 14, 2006. Today Lavena Holding 4 GmbH, which is controlled by funds advised by KKR and Permira, has signed a share purchase agreement for the acquisition of German Media Partners L.P.’s majority stake in ProSiebenSat.1 Media AG, Germany’s largest TV broadcasting group. Upon completion of the share purchase agreement, Lavena Holding 4 GmbH will acquire approximately 88 per cent of the voting common shares and approximately 13 per cent of the non-voting preference shares in ProSiebenSat.1 Media AG and will hold approximately 50.5 per cent of the registered share capital. The parties have agreed on a price of 28.71 Euro per common share and of 22.40 Euro per preference share. The completion of the share purchase agreement is subject to antitrust and media regulatory clearances. Furthermore, Lavena Holding 4 GmbH has today announced its intention to launch a voluntary public takeover offer to the shareholders of ProSiebenSat.1 Media AG. The offer price per preference share will be equal to the volume weighted average share price during the last three months prior to the announcement of the takeover offer. The takeover offer will be conditional upon the completion of the share purchase agreement. Details of the intended offer will be published in an offer document of Lavena Holding 4 GmbH upon approval of such offer document by the Federal Supervisory Agency on Financial Services (BaFin). With the takeover of the ProSiebenSat.1 Group - the largest TV corporation in Europe’s largest economy - KKR and Permira are pursuing a strategic interest. The new investors consider after completion of the takeover process to create a European TV group by combining the ProSiebenSat.1 Group with their majority owned SBS Broadcasting. The enlarged Group would be a leader in the ongoing strategic evolution of the television industry, and will tap new markets. end of announcement euro adhoc 14.12.2006 23:46:36 -------------------------------------------------------------------------------- ots Originaltext: ProSiebenSat.1 Media AG Im Internet recherchierbar: Further inquiry note: Katja Pichler Corporate Spokesperson Tel.: +49 (0)89 9507 1180 E-Mail: Branche: Television ISIN: DE0007771172 WKN: 777117 Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Börse Düsseldorf / free trade Niedersächsische Börse zu Hannover / free trade Bayerische Börse / free trade

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