Disclosure of an inside information according to Article 17 MAR Key word: Change in Forecast Constantin Medien AG: Forecast adjustment for full year 2017

In the Constantin Medien Group, due to the deconsolidation of Highlight Communications AG effective June 12, 2017, the sales as well as the earnings attributable to shareholders of the Highlight Communications group no longer apply from this date. The deconsolidation of Highlight Communications AG resulted in an unscheduled, non-cash, non-recurring income of EUR 37.3 million. An opposite effect was provided by unplanned costs, in particular for severance pay for former Board Members, special expenses for legal advice as well as for the upcoming special audits agreed by the Annual General Meeting and for the special audit on Formula 1. In the Segment Sports, the Management Board now expects a significant decline in sales year-on-year and a negative EBIT, due among other things to the latest indications on the development of the TV and digital advertising business of the SPORT1 platforms and on the business development in the PLAZAMEDIA group.

As a result of the deconsolidation of Highlight Communications AG and the below-target performance of the Segment Sports as well as the aforementioned unplanned costs, the Management Board is currently assuming Group sales of between EUR 250 million and EUR 280 million (previously between EUR 480 million and EUR 520 million). Taking into account the holding costs as well as the financial expenses and taxes, the Management Board expects in total a higher Group result attributable to shareholders of between EUR 7.0 million and EUR 10.0 million (previously between EUR 0.5 million and EUR 3.5 million). If the general meeting of Highlight Communications AG decides on a dividend, the Group result attributable to shareholders will increase by the dividend right of Constantin Medien AG if business performance remains the same.

Furthermore, the Management Board of Constantin Medien AG today decided to end the structured, competitive bidding process regarding a possible sale of Sport1 GmbH and Sport1 Media GmbH with immediate effect. As the Constantin Medien Group concentrates on the Segment Sports, its focus lies particularly on the strategic and operative further development of the 360° sports platform SPORT1 and the production company PLAZAMEDIA.

About Constantin Medien AG:
ISIN: DE0009147207, DE000A1R07C3
WKN: 914720, A1R07C
Listed: Regulated Market (Prime Standard) in Frankfurt, Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart and Tradegate Exchange

Contact PR:
Constantin Medien AG, Sabine Lais, Phone: +49 (0) 89 - 99 500 461, Fax: +49 (0) 89 - 99 500 466, E-Mail: sabine.lais@constantin-medien.de

Frank Elsner Kommunikation für Unternehmen GmbH, Phone: +49 (0) 5404 - 91 92 0, Fax: +49 (0) 5404 - 91 92 29

Contact IR:
Constantin Medien AG, Dr Matthias Kirschenhofer, Phone: +49 (0)89 - 99 500 436, Fax: +49 (0)89 - 99 500 433,
E-Mail: ir@constantin-medien.de

Constantin Medien AG, Münchener Straße 101g, 85737 Ismaning, Phone: +49 (0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111