DGAP-Adhoc: Axel Springer AG and P7S1 Holding L.P. Mutually Agree to Terminate Axel Springer's Plans for a Takeover of ProSiebenSat.1 Media AG




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01.02.06

DGAP-Adhoc: Axel Springer AG and P7S1 Holding L.P. Mutually Agree to Terminate Axel Springer's Plans for a Takeover of ProSiebenSat.1 Media AG

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Axel Springer AG / Acquisition

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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The management board of Axel Springer AG and P7S1 Holding L.P., the
investor group lead by Saban Capital Group, Inc. announced today that they
have mutually agreed to terminate plans for Axel Springer AG to acquire
ProSiebenSat.1 Media AG.

On January 23, 2006, the Federal Cartel Office prohibited the intended
acquisition of ProSie-benSat.1 Media AG. Thereafter, Axel Springer AG
announced it would analyze possibilities for an appeal and other available
options.

After an extensive analysis and careful consideration, Axel Springer AG and
P7S1 Holding L.P. came to the conclusion that in light of the numerous
economic and legal uncertainties a possible appeal or a possible
application for a ministerial permit would have resulted in unac-ceptable
risks for all parties involved.As a consequence, neither the share purchase
agreement between Axel Springer AG and P7S1 Holding L.P. dated August 5,
2005 nor the voluntary public takeover offer made to the shareholders of
ProSiebenSat.1 Media AG by Axel Springer AG on September 16, 2005 will be
consummated.

Berlin, February 1, 2006

Axel Springer AG
Axel-Springer-Str. 65
D-10888 Berlin / Germany








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