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

Zürich (ots) -

- Purchase price amounts to EUR 217.5 million
- Acquisition strengthens digital business activities of the joint
venture
- Onet.pl to become part of a new holding company

Today, Ringier Axel Springer Media AG, a joint venture of Axel
Springer AG and Ringier AG, and the Polish media company TVN S.A.
have entered into an agreement regarding the acquisition of 75
percent of the shares in Polish Onet.pl, a subsidiary of TVN. 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.

Onet.pl is the leading online portal in Poland and reaches about
70 percent 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.

Florian Fels, CEO of Ringier Axel Springer Media AG: "The
acquisition of Onet.pl is a milestone for our fledgling company, and
Onet.pl is an optimal addition to our online portfolio. At the same
time, after only two years, we have taken a major step towards
achieving one of our most important goals: the expansion of our
strong market position through investments in successful digital
business models. Alongside each of its leading tabloid newspapers, in
future Ringier Axel Springer Media will be running the clear market
leader in three of four countries, in the area of digital media."

Edyta Sadowska, General Manager of Ringier Axel Springer Poland:
"Poland experiences an annual growth in Internet use of up to six
percent. Here, especially in the areas of success-based marketing and
searching, the Polish online advertising market is growing at an
estimated 15 percent per year. And in comparison with other
countries, growth is stronger than Western Europe in terms of
expenditures for display advertising. The acquisition of Onet.pl
means that we can now quickly achieve the critical mass in the online
area that is necessary to continue bringing attractive and innovative
offers onto the market."

For the implementation of the transaction, Ringier Axel Springer
Media AG will establish a holding company under Polish law which
will acquire 100 percent of the shares in Onet.pl. TVN will hold a
25 percent interest in this holding company.

The transaction is still subject to merger clearance by the
competent competition authorities.

Ringier Axel Springer Media AG:

Ringier Axel Springer Media AG is a leading multimedia company in
Central and Eastern Europe with activities in Poland, Czech Republic,
Slovakia and Serbia. Based on strong and successful media brands like
FAKT, BLESK, NOVÝ CAS and BLIC, Ringier Axel Springer Media AG is a
dynamic association of independent enterprises. Focused on growth and
digitization, the wide-ranging portfolio makes Ringier Axel Springer
Media AG the region's market leader in the segment of widely
circulated tabloid dailies and one of the biggest magazine
publishers.

Press contact:
Alexandra Delvenakiotis
Head of Corporate Communications
Ringier Axel Springer Media AG
Phone +41 44 267 29 14
a.delvenakiotis@ringieraxelspringer.com

www.ringieraxelspringer.com