DGAP-Adhoc: Axel Springer AG: Ringier Axel Springer Media AG and TVN S.A. enter into an agreement regarding the indirect acquisition of 75% of the shares in leading Polish online portal Onet.pl




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04.06.12

DGAP-Adhoc: Axel Springer AG: Ringier Axel Springer Media AG and TVN S.A. enter into an agreement regarding the indirect acquisition of 75% of the shares in leading Polish online portal Onet.pl

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Axel Springer AG / Key word(s): Acquisition

04.06.2012 14:04

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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Ringier Axel Springer Media AG and TVN S.A. enter into an agreement
regarding the indirect acquisition of 75% of the shares in leading Polish
online portal Onet.pl

Today, Ringier Axel Springer Media AG, a 50/50-joint venture of Axel
Springer AG and Swiss Ringier AG, and the Polish media company TVN S.A.
have entered into an agreement regarding the indirect acquisition of 75% of
the shares in Polish Onet.pl S.A., a 100% subsidiary of TVN S.A. The
purchase price amounts to PLN 956.25 million (currently approximately EUR
217.5 million). The underlying value of the transaction therefore amounts
to PLN 1,275 million.

For the implementation of the transaction, Ringier Axel Springer Media AG
will establish a holding company under Polish law which will acquire 100%
of the shares in Onet.pl S.A. TVN S.A. will hold a 25% interest in this
holding company. As regards the remaining 25% of the shares which will stay
with TVN S.A., reciprocal call and put options have been agreed upon. The
purchase price relating to the options will be calculated based on the
future results of Onet.pl S.A.

Onet.pl is the leading online portal in Poland and reaches about 70% of the
Polish internet users with its offer of news and various services. With the
acquisition of a majority in Onet.pl, Ringier Axel Springer Media AG
expands its digital business.

The transaction is still subject to merger clearance by the competent
competition authorities and is intended to be consummated on 1 January
2013.

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

Investor Relations Contact:
Claudia Thomé
Tel.: +49 (030) 2591-77421
claudia.thome@axelspringer.de


04.06.2012 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