Mediaset Espana Comunicacion S A : Madrid court upholds interim measures (includes Mediaset PR)

"MEDIASET ESPAÑA COMUNICACIÓN, S.A." ("Mediaset España" or the "Company"), 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 communication of other relevant information published on 15 June 2020 (registry no. 2,767), Mediaset España hereby informs that, pursuant to an Order (Auto) dated 28 July 2020 and notified today, the Commercial Court No. 2 of Madrid has resolved to dismiss the request made by Mediaset España to lift the interim relief measures awarded by such Court on 10 October 2019 regarding the corporate resolutions approved at the Extraordinary General Shareholders' Meeting of Mediaset España held on 4 September 2019 related to the merger of Mediaset España and Mediaset S.p.A with and into Mediaset Investment N.V.

Mediaset España expresses its deep disagreement with the aforementioned decision and the arguments on which the ruling is based.

In light of this Order, the Board of Directors of Mediaset España will meet as soon as possible to consider the relevant decisions. In any event, the Company hereby notes that Mediaset S.p.A. has released this afternoon the attached press release expressing its intention to re-present as soon as possible the merger transaction based on new conditions to materialise the industrial project represented by MFE-MediaForEurope.

Madrid, 30 July 2020

Mario Rodríguez Valderas

Secretary of the Board of Directors

PRESS RELEASE

VIVENDI HAS GRAVELY DAMAGED THE POSSIBLE DEVELOPMENT OF

THE EUROPEAN TELEVISION SYSTEM

AS SOON AS POSSIBLE MEDIASET WILL RE-PRESENT NEW CONDITIONS FOR THE MFE-MEDIAFOREUROPE OPERATION

The legal request filed by Vivendi and today accepted by the Court of Madrid has seriously damaged both Mediaset and its Spanish subsidiary Mediaset Espana, as well as all of the two companies' shareholders and the entire European television system.

But given that the creation of a new pan-European broadcaster is objectively more and more indispensable given the new economic scenario, as soon as is possible Mediaset will re-present the new conditions for the MFE-MEDIAFOREUROPE operation.

On the other hand, that the attempt by Vivendi to block the union of important international TV operators was purely instrumental, was well known by everyone. An attempt that was not halted even by the health emergency that has seriously hit the European television industry. An interruption from which companies could have reacted against by starting again with the impetus provided by MFE-MEDIAFOREUROPE. Instead, precious time has been lost by the series of challenges and appeals presented by Vivendi immediately after the hostile takeover bid for Mediaset in December 2016. A path that even the latest sentence by the Court of Milan (on 28 May 2020) judged to be the effect of competitive interests aimed at blocking Mediaset's European project the solidity of which the Court, meanwhile, fully recognised.

Moreover, that the legal action taken in Spain was merely a manoeuvre to gain time was demonstrated by a singular fact: the choice by Vivendi to buy in extremis just 1% of the shares of Mediaset Espana and to have done so with specious intent only "after" the announcement of the merger project which it then immediately challenged. What aim could there be for a company to buy into another is there is not agreement of the strategy?

An irrational move which, in Italy, is matched by the refusal of the French group to exercise its right of withdrawal given its total disagreement about the establishment of MFE-MEDIAFOREUROPE. Also the Court of Milan indicated that the French group was in a position to exercise the right of withdrawal, a protection that, on the other hand, Vivendi decided to forego with the aim of impeding the future destiny of Mediaset while, in the meantime, attempting to benefit from the damage caused.

But the plan will not succeed, given that the need for a European television union has been made even more urgent by the crisis in the market provoked by Covid-19, Mediaset will continue to pursue its international development project the details of which will be re-presented soon. With a structure that guarantees the indispensable industrial advantages and ensures a solid and well-defined corporate governance; also in order to avoid the pitfalls and whims of anyone only interested in instrumental financial manoeuvres.

	Cologno Monzese, 30 July 2020
Department of Communications and Media Relations	Investor Relations Department
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