EM.Sport Media AG / Disposal 29.05.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- EM.Sport Media AG reaches agreement with Belgian Studio 100 for the sale of the Entertainment Segment Ismaning, May 29, 2008 The Management and Supervisory Boards of EM.Sport Media AG have agreed the sale of the Entertainment Segment to the Belgian media company Studio 100, the largest provider of childrens and youth entertainment in the Benelux region. A corresponding agreement between the two companies was signed last night. The sale price for the Entertainment Segment is 41 million Euro (on a cash free and debt free basis). Until finalization of the transaction, the sale price remains subject to alteration in line with changes to net working capital, which would be likely to have a positive impact on the sale price. This will generate net proceeds in excess of the fair market value of around 40 million Euro determined by the revaluation of the Entertainment Segment in January 2008. EM.Sport Media will also retain future proceeds from claims against the insolvency administrator of KirchMedia GmbH & Co. KG a.A. i.l. amounting to around 2.5 to 4 million Euro. With this decision, EM.Sport Media will be able to complete the divestment process, which was announced in May 2007 and extended in January 2008, within the timeframe originally planned. The transaction remains subject to the approval of the antitrust authorities in Germany and Austria, as well as the Bavarian Regulatory Authority for Commercial Broadcasting (BLM) and the Commission on Concentration in the Media (KEK). Contact: Kontakt PR: EM.Sport Media AG, Sabine Lais, Tel.: +49 (0) 89 - 99 500 461, Fax: +49 (0) 89 - 99 500 466, E-Mail: sabine.lais@emsportmedia.ag Frank Elsner Kommunikation für Unternehmen GmbH, Tel.: +49 (0) 5404 - 91 92 0, Fax: +49 (0) 5404 - 91 92 29 Kontakt IR: EM.Sport Media AG, Jens Stahmann, Tel.: +49 (0)89 - 99 500 436, Fax: +49 (0)89 - 99 500 433, E-Mail: ir@emsportmedia.ag EM.Sport Media AG, Münchener Straße 101g, 85737 Ismaning, Tel.: +49 (0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111 DGAP 29.05.2008 --------------------------------------------------------------------------- Language: English Issuer: EM.Sport Media AG Münchener Str. 101g 85373 Ismaning Deutschland Phone: 089 / 99500 - 436 Fax: 089 / 99500 - 433 E-mail: ir@emsportmedia.ag Internet: http://www.emsportmedia.ag ISIN: DE0009147207, DE000A0GQKR4, , DE000A0A7RR7, WKN: 914720, A0GQKR, A0A7RR Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: EM.Sport Media AG reaches agreement with Belgian Studio 100 for the sale of the Entertainment Segment
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