DGAP-Adhoc: Axel Springer AG: Axel Springer acquires majority in Jean Frey




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19.12.06

DGAP-Adhoc: Axel Springer AG: Axel Springer acquires majority in Jean Frey

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Axel Springer AG / Miscellaneous

30.06.2008

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Axel Springer acquires majority in Jean Frey

Today, Axel Springer AG signed a purchase agreement for acquiring a 99.5 %
participation in Jean Frey AG, Zurich, effective as of January 1, 2007. The
purchase price for the acquisition of the participation amounts to CHF
139.3 million (approx. EUR 87.2 million), whereby the liquidity available
to the company as of closing in addition to the working capital must be at
least CHF 18 million (approx. EUR 11.3 million) and will be additionally
compensated in such amount. Existing financial debt at the date of closing
will be deducted from the purchase price. Jean Frey AG publishes the
magazine BEOBACHTER, which - with more than 1 million readers - is the
largest Swiss consumer and advisory magazine, the TV magazine TV STAR as
well as the magazine BILANZ, one of the leading Swiss business magazines.
Jean Frey AG additionally provides services for specialized media.

Apart from customary closing conditions, the consummation of the
transaction is subject to the complete spin-off of the Weltwoche business.
Should the transaction be consummated, Axel Springer AG will offer to the
remaining minority shareholders of Jean Frey AG to require the shares held
by them.

Berlin, 19. December 2006
Axel Springer AG
Axel-Springer-Str. 65
D-10888 Berlin
ISIN: DE0005501357; DE0005754238; DE 000A0LD6M9
WKN: 550 135; 575 423; A0LD6M

Listed: Amtlicher Markt in Frankfurt am Main (Prime Standard); Freiverkehr
in Berlin-Bremen, Düsseldorf, Hamburg, München und Stuttgart





30.06.2008 Financial News transmitted by DGAP

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Language: English
Issuer: Axel Springer AG
Axel-Springer-Straße 65
10888 Berlin
Deutschland
Phone: +49 (0)30 2591-77421
Fax: +49 (0)30 2591-77422
E-mail: ir@axelspringer.de
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238
WKN: 550135, 575423
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart

End of News DGAP News-Service

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Investor contact: Claudia Thomé
Tel: +49 30 2591 77421