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4

Translation 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.

ATRESMEDIA CORPORACIÓN DE MEDIOS DE COMUNICACIÓN, S.A.

STATEMENT OF CHANGES IN EQUITY FOR 2013

B) STATEMENT OF CHANGES IN TOTAL EQUITY

(Thousands of euros)

Share

capital

Share

premium Reserves Interim

dividend

Treasury

shares

Profit for

the year

Other

equity

instruments

Valuation

adjustments Total

equity

BEGINNING BALANCE AT 01/01/13 169,300 38,304 142,521(21,352) (99,453) 35,862

42,643

488 308,313

Total recognised income/(expense)

-

-

-

-

- 34,468

-

354 34,822

Distribution of profit

Interim dividends paid

Prior year's dividends paid

-

-

- 21,352

- (21,352)

-

-

-

Treasury share transactions

Treasury share transactions (net)

-

-

-

-

-

-

-

-

-

Other changes in equity

Transfers between equity items

14,510

-

- (14,510)

ENDING BALANCE AT 31/12/13

169,300 38,304 157,032

- (99,453) 34,468

42,643

842 343,136

Total recognised income/(expense)

-

-

-

-

- 45,233

-

1,333 46,566

Distribution of profit

Interim dividends paid

-

-

- (22,341)

-

-

-

- (22,341)

Prior year's dividends paid

-

- (24,575)

-

-

-

-

- (24,575)

Treasury share transactions

Treasury share transactions (net)

-

- 39,282

- 39,601

-

-

-

78,883

Transactions with shareholders or owners

-

- (26,726)

- 52,650

-

(39,555)

- (13,631)

Other changes in equity

Transfers between equity items

-

- 34,468

-

- (34,468)

-

-

-

ENDING BALANCE AT 31/12/14

169,300 38,304 179,481(22,341) (7,202) 45,233

3,088

2,175 408,038

The accompanying Notes 1 to 22 are an integral part of the statement of changes in total equity for 2014.