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De Agostini Editore has a presence in

30 countries, largely in the collectables

and mail order segments. Through IGT

it operates as the leading company in

the international market for gaming and

lotteries, and in the market for derived

services and technologies.

De Agostini Communications participates

in the sector for the production of

content for media organisations through

its stake in the Banijay Group — together

with the partners Vivendi and Stephane

Courbit (Zodiak Media), present in 60

countries—, and in the broadcasting of

content through

Atresmedia

, controlled

jointly with its Spanish partner Planeta.

DeA Capital is present in the alternative

investment sector, both with direct and

indirect private equity investments and

with controlling stakes in alternative asset

management platforms. The

Group

also

has a total holding of 1.7% in Assicurazioni

Generali.

RTL Group:

18.65%

With 57 television channels and 31 radio

stations in 12 countries, it is the European

leader in the entertainment market. The

company, which has its headquarters in

Luxembourg, has interests in radio and

television stations in Germany, France,

Belgium, Holland, Luxembourg, Spain,

Hungary, Croatia and Southeast Asia.

It is also one of the main producers of

content for television offering talent

shows, game shows, dramas and soap

operas.

Television: RTL Group is the largest

television company in Europe. Each day,

millions of viewers across the continent

watch something on an RTL channel,

such as RTL in Germany, M6 in France,

RTL 4 in Holland and RTL-TVI in Belgium.

The multinational also has interests,

although to a lesser extent, in markets

such as Hungary (RTL Klub, RTL II,

plus six cable channels), Croatia (RTL

Televizija, RTL 2 and RTL Kockica), and

in Spain through

Atresmedia

. In August

2013, RTL and CBS Studios International

announced a Joint Venture, RTL CBS

Asia Entertainment Network, to launch

two pay-TV channels in Southeast Asia:

RTL CBS Entertainment HD and RTL CBS

Extreme HD.

Contents: FremantleMedia, the content

production division at RTL, is one of the

largest international producers outside

the United States. Active in 29 countries,

each year it produces more than 10,000

hours of programming. It is also one of

the most important managers of audio-

visual rights in the world, with more

than 20,000 hours sold in a total of 200

countries.

Radio: RTL radio stations reach millions

of people each day. The leading brands

in radio are RTL in France; and it also

has interests in Germany (104.6 RTL

and Antenne Bayern); Belgium (Bel

RTL and Radio Contact), Spain (

Onda

Cero

,

Europa FM

and

Melodía FM

) and

Luxembourg (RTL Radio Lëtzebuerg).

Digital: RTL has become the European

leader in online video among the top five

global operators, thanks to on demand

and catch up video platforms. It also

has a Multichannel Network as well as

Broadband TV, StyleHaul and Divimove.

Furthermore, Freemantel Media is the

largest independent TV production

partner of YouTube, with more than 215

channels and 20 million subscribers.

The group registered a total of 105

billion videos watched in 2015. RTL is

the major shareholder in one of the

online advertising sales programming

companies, SpotX.

Bertelsmann has been the majority

shareholder of RTL since July 2001. The

RTL shares are listed on the Frankfurt,

Brussels and Luxembourg stock markets.

ATRESMEDIA

| EXECUTIVE SUMMARY OF THE ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015 |

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