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

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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.

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ots Originaltext: ProSiebenSat.1 Media AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Katja Pichler
Corporate Spokesperson
Tel.: +49 (0)89 9507 1180
E-Mail: Katja.Pichler@ProSiebenSat1.com

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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