DGAP-News: Constantin AG (Constantin Medien)

PRESS RELEASE

Management Board and Supervisory Board of Constantin Medien AG recommend to the shareholders in a joint Statement the acceptance of the offer by Highlight Communications AG and Studhalter Investment AG

Ismaning, December 22, 2017 - The Management Board and the Supervisory Board of Constantin Medien AG separately and independently of each other have examined the voluntary public takeover offer published on December 18, 2017 by Highlight Communications AG and Studhalter Investment AG, and have issued a joint reasoned statement on this subject (the "Joint Statement") in accordance with section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, "WpÜG").

Both boards consider the amount of the offer price to be appropriate within the meaning of section 31 para. 1. For this purpose in particular, the fairness opinion prepared by a renowned corporate finance consulting firm was used. Moreover, Management Board and Supervisory Board assess the intentions for the further business activities of the Constantin Medien Group as expressed by the bidders in the offer document as positive. Therefore, Management Board and Supervisory Board recommend to the shareholders of Constantin Medien AG to accept the offer.

The Joint Statement, whose contents have been conclusively discussed and approved by Management Board and Supervisory Board today, is available under this Link on the website of Constantin Medien AG.

The information in this press release does not give any explanations or amendments to the statements expressed in the Joint Statement, whose content is solely authoritative.

Contact:
Contact PR:
Constantin Medien AG, Michael Röhrig, Tel.: +49 (0) 89 - 99 500 461, Fax: +49 (0) 89 - 99 500 466, email: michael.roehrig@constantin-medien.de

Contact IR:
Constantin Medien AG, Stéphane Winzenried, Tel.: +49 (0)89 - 99 500 803, Fax: +49 (0)89 - 99 500 371, email: ir@constantin-medien.de

Constantin Medien AG, Münchener Straße 101g, 85737 Ismaning, Tel.: +49 (0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111