DGAP-Adhoc: Axel Springer AG: Axel Springer and General Atlantic agree on future strategic partnership for growth initiative in the Online Classified Business




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06.03.12

DGAP-Adhoc: Axel Springer AG: Axel Springer and General Atlantic agree on future strategic partnership for growth initiative in the Online Classified Business

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Axel Springer AG / Key word(s): Strategic Company Decision/Joint Venture

06.03.2012 12:53

Dissemination 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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Berlin, March 6, 2012

Ad hoc Publication pursuant to Sec. 15 of the German Securities Trading Act
(WpHG)

Axel Springer and General Atlantic agree on future strategic partnership
for growth initiative in the Online Classified Business

Today, Axel Springer and the US-American investor General Atlantic have
entered into an agreement which relates to a future 30% participation of
General Atlantic in the Online Classifieds Business of Axel Springer.

For this purpose, both parties plan the establishment of a new entity named
Axel Springer Digital Classifieds GmbH with its registered seat in Germany.
To this new joint venture, Axel Springer shall contribute the French
real-estate portal SeLoger.com, the German real-estate portal Immonet and
the European job portal StepStone. As main shareholder, Axel Springer shall
hold 70%, and General Atlantic shall hold 30%, in Axel Springer Digital
Classifieds GmbH.

By pooling the Online Classifieds Business in a separate new entity and
involving General Atlantic as a partner, Axel Springer will be even better
positioned for organic and acquisition-based growth in the Online
Classifieds Business.

The transaction is based on a valuation of the participations to be
contributed in the amount of EUR 1.25 billion. In the context of the
transfer of the participations certain receivables will accrue for Axel
Springer. These will subsequently be converted into a loan for the benefit
of Axel Springer in an aggregate amount of EUR 460 million. Based on an
equity value of then EUR 790 million General Atlantic shall pay a purchase
price of EUR 237 million for the 30% participation to Axel Springer.

The transaction is still subject to prior consultation with the relevant
employee representatives in France, the exercise of an option right by Axel
Springer and merger clearance by the competent competition authorities.

Axel Springer AG
Axel-Springer-Straße 65
10888 Berlin
Germany

Investor Relations contact:
Daniel Fard-Yazdani
Tel.: +49 (030) 2591-77425
daniel.fard-yazdani@axelspringer.de


06.03.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Axel Springer AG
Axel-Springer-Straße 65
10888 Berlin
Germany
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: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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