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Photocredits: Title © Dirk Bruniecki, © Michael Jungblut, © Urban Zintel, © Sina Bormüller (Fräulein Chaos) // Our Growth Targets, page 03 © Dirk Bruniecki, © Enno Kapitza, © Annie Tritt // Interview with Thomas Ebeling, page 04 © Enno Kapitza // Members of the Executive Board, page 4 – 11, © Enno Kapitza // Report of the Supervisory Board, page 36 © Dirk Bruniecki // Broadcasting German-speaking: Small Channels, Big Successes, page 12 – 15 © Dirk Bruniecki // Broadcasting German-speaking: The Future of TV Advertising, page 16-19© Dirk Bruniecki // Digital & Adjacent: The Boom in Multi-Channel Networks, page 20 – 25 © svensonpictures, © Sina Bormüller (Fräulein Chaos), © Dominik Pichler, © Annie Tritt, © SAT.1/André Kowalski, © Michael Jungblut, © Rhett & Link // Digital & Adjacent: E-Commerce — A Growth Market, © Enno Kapitza, © Urban Zintel // Content Production & Global Sales: Red Arrow‘s Expansion Strategy in the US, page 30-33 © Dirk Bruniecki, © Karga Seven Pictures, © Dorsey Pictures, © hw.design // The Year 2015 at a Glance, page 80 – 81 a) ©Enno Kapitza, b) © ProSiebenSat.1 Media SE, c) © Enno Kapitza, d) © The Walt Disney Company, e) © Verivox GmbH, f) © ProSiebenSat.1 Group, g) © eTRAVELi Holding AB, h) © Ripple Entertainment, LLC, i) © Karga Seven Pictures // Public Value 2015, page 110 – 111 a) © ProSieben/Walter Wehner, b) © „Die Arche“ christliches Kinder- und Jugendwerk e. V., c) © startsocial e. V., d) © The Boston Consulting Group, e) © ProSiebenSat.1 Group f) © ProSieben/Marcus Höhn, g) © Aline Molz, h) © Charta der Vielfalt e. V., © Florian Ledel/Deutsche Filmakademie, Jirka Jansch // Content Highlights 2015, page 122 – 123 a) © SAT.1/ProSieben/Richard Hübner, b) © ProSieben/Frank Dicks, c) © SAT.1, d) © kabel eins/Thomas Pritschet, e) © sixx/Jens Koch, f) © ProSieben MAXX/Martin Saumweber, g) © CGM TV&Stage Production AG, h) © Lisa Maria Trauer, i) © Svenson Linnert, j) © MyVideo/Nela König

Forward-looking statements

This report contains forward-looking statements regarding ProSiebenSat.1 Media SE 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 SE, 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 SE 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 SE assumes no liability and offers no warranty as to the completeness, correctness, adequacy and/or accuracy of any information or opinions contained herein.