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Atresmedia Corporación de

Medios de Comunicación, S.A.

(formerly Antena 3 de

Televisión, S.A.)

Financial Statements for the year

ended

31 December 2014

Translation of a report originally issued in Spanish based

on our work performed in accordance with the audit

regulations in force in Spain and of financial statements

originally issued in Spanish and prepared in accordance

with the regulatory financial reporting framework

applicable to the Company (see Notes 2 and 22). In the

event of a discrepancy, the Spanish-language version

prevails.