DGAP-Adhoc: Axel Springer sells software -unit of StepStone ASA to HgCapital LLP




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29.03.10

DGAP-Adhoc: Axel Springer sells software -unit of StepStone ASA to HgCapital LLP

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Axel Springer AG / Disposal

29.03.2010 21:57

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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Ad-hoc-Announcement pursuant to Section 15 WpHG

Axel Springer sells software -unit of StepStone ASA to HgCapital LLP

Axel Springer AG has sold the 'Solutions' business unit of its subsidiary
StepStone ASA, Oslo, to the financial investor HgCapital LLP. HgCapital LLP
with its headquarters in London will take over the supplier of talent
managment software solutions for a purchase price of EUR 110 million. The
online job board StepStone, one of the leading internet based job markets
in Europe, remains with Axel Springer and strengthens the digital
positioning of the enterprise in the core area of online classified
advertising. In financial year 2009, StepStone ASA generated revenues of
EUR 100.1 million, half of which were attributable to the 'Solutions'
business unit.

The consummation of the transaction is subject to receipt of the required
approval by antitrust authorities and other customary closing conditions.

Berlin, March 29, 2010

Axel Springer Aktiengesellschaft
Axel-Springer-Straße 65
D-10888 Berlin



Investor Relations contact:
Daniel Fard-Yazdani
+49 (0)30 2591-77425
daniel.fard-yazdani@axelspringer.de






29.03.2010 21:57 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv 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
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, München, Hannover, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

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