TF1 and Axel Springer: Exclusive discussions

TF1 is in exclusive discussions with Axel Springer SE about the potential acquisition of its indirect 78.43% stake in aufeminin S.A.

aufeminin‐group offers digital products and subscriptions on topics such as fashion, beauty, lifestyle, cooking and health. The shares of aufeminin S.A. are listed on Compartment B of Euronext Paris stock exchange.

Whether or not an agreement will be reached by the negotiating parties as well as the terms of such an agreement will depend on the further progress of the discussions. The conclusion of a binding share purchase agreement is as required by French law dependent on, inter alia, the prior implementation of an information and consultation procedure of the works councils of aufeminin S.A. and Télévision Française 1 S.A. Further, completion of a transaction would require clearance by the competent cartel authorities.