TF1 Group – Discovery Communications Partnership

Boulogne-Billancourt, 22 july 2015

TF1 – Discovery Communications Partnership

In accordance with the initial agreements between TF1 and Discovery Communications, the TF1 group has decided, by mutual
agreement with Discovery, to:
- exercise its put option over its 49% equity interest in Eurosport for an amount of €491m;
- buy back Discovery’s 20% interest in the pay-TV channels (TV Breizh, Histoire, Ushuaïa) for an amount of €14.6m.

Discovery and TF1 are delighted by the excellent relationship that has existed between the two groups since they began their partnership in 2012. After an initial phase of creating value via acquisitions of equity stakes, which accelerated the development of Eurosport and the theme channels, the two groups intend to continue their collaboration over the years ahead.

Both transactions are expected to close at the beginning of the fourth quarter.

CONTACTS

Discovery Communications:

Global  Communications

Michelle Russo, +44 208 811 3592 (UK), +1 240 678 6375 (US), Michelle_Russo@discovery.com

Investor Relations

Jackie Burka, 212-548-5642, jackie_burka@discovery.com

TF1:

Corporate Communications

Virginie Duval, +33 1 41 41 29 59, vduval@tf1.fr

Investor Relations

Christine Bellin, +33 1 41 41 27 32, comfi@tf1.fr