March 9 2012
Company announcement no. 03-12
North Media A/S is making an acquisition in online activities
As part of the Group's online strategy North Media today has signed an agreement on acquisition of 100% of the internet service HentTilbud ApS, which mediates online offers for individuals. The purchase price amounts to DKK 20 million, possibly with the addition of a performance-based earnout. The first DKK 10 million is paid in cash and the remaining payment is due in 2-4 years.
The acquisition does not affect the Group's profit expectations for 2012.
Please contact CEO Lars Nymann Andersen at +45 39 57 70 00 for further information.
Yours faithfully
North Media A/S
Lars Nymann Andersen
Chief Executive Officer
Visit us at www.northmedia.dk
This document is an unofficial translation of the Danish original. In the event of any inconsistencies the Danish version shall apply.