Mediaset Espana Comunicacion S A : Milan Court dismissed appeals submitted by Vivendi and Simon Fiduciaria

"MEDIASET ESPAÑA COMUNICACIÓN, S.A." ("Mediaset España"), for the purposes contemplated in article 227 of the consolidated text of the Spanish Securities Market Act, approved by Royal Legislative Decree 4/2015 of 23 October, and developing legislation, hereby announces the following

OTHER RELEVANT INFORMATION

Further to the other relevant information notified on 4 February 2020 (registration No. 286,435), attached is the press release published by Mediaset S.p.A. on Friday 19 June 2020, reporting that the Court of Milan has dismissed the appeals submitted by Vivendi, S.A. and Simon Fiduciaria S.p.A. against the first instance ruling issued by the same Court on 3 February 2020 by virtue of which it rejected the interim relief sought by the appellants involving the suspension of the merger of Mediaset S.p.A. and Mediaset España Comunicación, S.A. with and into Mediaset Investment N.V. (to be renamed MediaForEurope N.V.).

Madrid, 22 June 2020

Mario Rodríguez Valderas

Secretary of the Board of Directors

PRESS RELEASE

THE COURT OF MILAN REJECTS VIVENDI'S APPEAL

A CRUCIAL STEP FORWARD FOR THE LAUNCH OF MFE-MEDIAFOREUROPE

Mediaset is satisfied with today's ruling by the Court of Milan. By Ordinance No. 8203/2020 + 8226/2020 R.G. the Court (comprised by the President Angelo Mambriani and the Judges Amina Simonetti and Maria Antonietta Ricci), rejected the appeals submitted by Vivendi and Simon Fiduciaria against the first instance ruling issued by the same Court on February 3.

According to the Judges, the French multinational company acted not as a partner but as a competitor, opposing Mediaset's MFE project: «Vivendi objectively puts itself in a situation of potential conflict with Mediaset in terms of expansion in the European media markets. Consequently», continues the ordinance, «given the position of the two companies, it is easy to recognise that Vivendi could very well find strategies to limit and shrink Mediaset's activities, functional to its very broad interests».

Again, according to the Judges, contrary to what Vivendi claims, the MFE project was positively received by the market: «The complainants claim that the transaction in question was unanimously criticised by independent advisors is completely unfounded».

Finally, the Court of Milan also denies Vivendi's claim that it has no industrial value: «The Merger operation has a substantial economic and commercial rationale», and the decision further reads, «and is an important strategic objective for the Mediaset Group to become a leading player in the European communication and media market».

This ruling, which now ends the legal dispute in Italy, is a crucial step forward for the launch of MFE MEDIAFOREUROPE.

Cologno Monzese, 19 June 2020

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