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Photocredits: Title © Dirk Bruniecki // Our Growth Story © ProSiebenSat.1 Media AG, © Aaron Epstein // Segment Broadcasting German-speaking: Five Digital Trends © Dirk Bruniecki // Segment Broadcasting German-speaking: Interview with Thomas Wagner and Wolfgang Link © Dirk Bruniecki // Segment Digital & Adjacent: Internationalization of the Ventures Business © Dirk Bruniecki, © Patrick Strattner // Segment Digital & Adjacent: Multi-Channel Strategy © Dirk Bruniecki // Segment Content Production & Global Sales: Production for Streaming Platforms © Dirk Bruniecki, © Patrick Strattner // Executive Board © Dirk Bruniecki // Supervisory Board © Dirk Bruniecki // Interview with Axel Salzmann and Dr. Gunnar Wiedenfels © Dirk Bruniecki // Interview with Conrad Albert © Dirk Bruniecki // The Year 2014 at a Glance © Martin Kroll © Dirk Bruniecki © Stefan Erhard © Jawbone © ProSiebenSat.1 Media AG © ProSiebenSat.1 Media AG © Half Yard Productions © Aaron Epstein © Red Arrow International // Public Value 2014 © ProSiebenSat.1 Media AG © Stefan Heigl © ProSiebenSat.1 Media AG/Bene Müller © ProSiebenSat.1 Media AG © ProSiebenSat.1 Media AG © Thomas Effinger © Jirka Jansch // TV Highlights 2014 © ProSieben/Benedikt Müller © SAT.1/Willi Weber © SAT.1/ProSieben/Richard Hübner © kabel eins/Martin Saumweber © Andre Kowalski © SAT.1 Gold © Futurelite © Harald Lachner © Warner Bros. Television // Interview with Dr. Ralf Schremper © Dirk Bruniecki // Interview with Sabine Eckhardt © Dirk Bruniecki

Forward-looking statements

This report contains forward-looking statements regarding ProSiebenSat.1 Media AG and the ProSiebenSat.1 Group. Such statements may be identified by the use of such terms as “expects,” “intends,” “plans,” “assumes,” “pursues the goal,” and similar wording. Various factors, many of which are outside the control of ProSiebenSat.1 Media AG, could affect the Company’s business activities, success, business strategy and results. Forward-looking statements are not historical facts, and therefore incorporate known and unknown risks, uncertainties and other important factors that might cause actual results to differ from expectations. These forward-looking statements are based on current plans, goals, estimates and projections, and take account of knowledge only up to and including the date of preparation of this report. Given these risks, uncertainties and other important factors, ProSiebenSat.1 Media AG undertakes no obligation, and has no intent, to revise such forward-looking statements or update them to reflect future events and developments. Although every effort has been made to ensure that the provided information and facts are correct, and that the opinions and expectations reflected here are reasonable, ProSiebenSat.1 Media AG assumes no liability and offers no warranty as to the completeness, correctness, adequacy and/or accuracy of any information or opinions contained herein.