DGAP-Adhoc: Axel Springer AG: Need for depreciation due to PIN

Axel Springer AG / Miscellaneous

19.12.2007 

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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Need for depreciation at Axel Springer due to PIN

In the course of today's meeting of the board of directors of PIN Group AG
it has turned out that the shareholders did not find a joint sustainable
financing concept for continuing the business operations of PIN Group.

Such a situation will presumably lead to a need for depreciation
(depreciation and other expenses) in the consolidated financial statements
of Axel Springer AG up to an amount of EUR 620 million. This will have a
negative impact on the consolidated net income, but not on the operating
income, the EBITA (earnings before interest, taxes and amortization,
adjusted for non-recurring items). PIN Group AG will be shown separately as
discontinued operations in the consolidated financial statements of Axel
Springer.

Investor Relations Kontakt:
Claudia Thomé
+49 (0)30 2591-77421
claudia.thome@axelspringer.de


DGAP 19.12.2007 
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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:       information@axelspringer.de
Internet:     www.axelspringer.de
ISIN:         DE0005501357, DE0005754238, DE000A0LD6M9   
WKN:          550135, 575423, A0LD6M
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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