DGAP-Adhoc: Axel Springer AG: Need for depreciation due to PIN




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19.12.07

DGAP-Adhoc: Axel Springer AG: Need for depreciation due to PIN

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Axel Springer AG / Miscellaneous

19.12.2007

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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Need for depreciation at Axel Springer due to PIN

In the course of today's meeting of the board of directors of PIN Group AG
it has turned out that the shareholders did not find a joint sustainable
financing concept for continuing the business operations of PIN Group.

Such a situation will presumably lead to a need for depreciation
(depreciation and other expenses) in the consolidated financial statements
of Axel Springer AG up to an amount of EUR 620 million. This will have a
negative impact on the consolidated net income, but not on the operating
income, the EBITA (earnings before interest, taxes and amortization,
adjusted for non-recurring items). PIN Group AG will be shown separately as
discontinued operations in the consolidated financial statements of Axel
Springer.

Investor Relations Kontakt:
Claudia Thomé
+49 (0)30 2591-77421
claudia.thome@axelspringer.de


19.12.2007 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: information@axelspringer.de
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238, DE000A0LD6M9
WKN: 550135, 575423, A0LD6M
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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