PRESS INFORMATION



 
 


 

Update on possible offer for RTL Group minorities

Luxembourg, January 8 2002 - RTL Group announces that at a meeting of its Board of Directors on 8 January 2002, Bertelsmann AG presented its possible offer of Euro 44 per share to acquire all the outstanding shares in RTL Group not already owned by Bertelsmann AG or its affiliates, which in total represent approximately 11 per cent of RTL Group’s issued share capital. This follows the agreement announced on 24th December 2001, for Bertelsmann to acquire Pearson’s 22 per cent shareholding in RTL Group for Euro 44 per share.

The Board of RTL Group is considering the position in consultation with its independent financial advisers. Bertelsmann AG has announced that with its financial advisers it is taking the necessary steps to be in a position to commence such an offer at Euro 44 by early February 2002. A further announcement will be made in due course.


 


For further information please contact:

RTL Group
Roy Addison
Phone:  00352 42 142 5130
Fax:      00352 42 142 5139
E-mail: