DGAP-News: _wige MEDIA AG / Key word(s): Investment _wige MEDIA AG takes over a majority stake in the sport media group 29.04.2016 / 15:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- _wige MEDIA AG takes over a majority stake in the sport media group Cologne, 29 April 2016. As announced, _wige MEDIA AG is taking over a majority holding in Munich-based sport media group which, with motorsport-total.com and formel1.de, is the market leader for motor sports portals in Germany, Austria and Switzerland. As agreed in November, _wige MEDIA AG, which already holds 16.7 %, has exercised its option to purchase and has increased its stake to 51 % in a first step. The takeover is expected to take effect on 30 September 2016. Over the course of the year, _wige intends to raise its participating interest by up to 85 %. "With _wige content and the portal's internationalisation, this investment combines digitalisation and internationalisation, yielding high earnings potential", stated Peter Lauterbach, CEO of _wige MEDIA AG. In order to finance its growth, the company secured gross issuing proceeds of EUR 5 million from two capital increases. The capital increase also enables _wige to prefinance new large-scale projects and to forge ahead with promising social media projects. About _wige MEDIA AG As one of the world's leading marketing and production companies in motor sport as well as in other areas of sport in Germany, _wige MEDIA AG produces the Formula1 races, the DTM German Touring Car Masters, the Handball Champions League, the ADAC Zurich 24-hour Race at the Nürburgring and German Football League games, as well as organising events and content for prestigious companies such as Porsche, Audi, Mercedes/AMG, Red Bull, VW and Deutsche Post AG. In the financial year 2016, the company anticipates revenues in a volume of at least EUR 70 million and EBITDA of at least EUR 4 million. Contact: Company: _wige MEDIA AG Am Coloneum 2 50829 Köln Germany www.wige.de Tel: +49 [0] 221_7 88 77_ 0 Fax: +49 [0] 221_7 88 77_ 199 Email: [email protected] Investor Relations: BSK Becker+Schreiner Kommunikation GmbH Tobias M. Weitzel Tel.: +49 [0] 2154_ 81 22 16 Email: [email protected] --------------------------------------------------------------------------- 29.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: _wige MEDIA AG Am Coloneum 2 50829 Köln Germany Phone: +49 (0)221 7 88 77 0 Fax: +49 (0)221 7 88 77 199 E-mail: [email protected] Internet: www.wige.de ISIN: DE000A1EMG56 WKN: A1EMG5 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 459365 29.04.2016