Rizzoli Corriere della Sera Mediagrp : Press Release RCS – BoD – Issuer’s Notice approved on the Takeover Bid by Cairo Communication S.p.A.

Press Release RCS MediaGroup: Board of Directors

Issuer's Notice approved on the Takeover Bid by Cairo Communication S.p.A.

Milan, 24 June 2016 - Following the publication, dated on the 22 of June 2016, of the additional documentation related to the takeover bid promoted by Cairo Communication S.p.A., the Board of Directors of RCS MediaGroup has unanimously approved the updated Issuer's Notice in accordance with art. 103, paragraphs 3 and 3-bis, of Legislative Decree 58/1998 and art. 39 of Consob Regulation 11971/1999 (the 'Issuer's Notice'), regarding the voluntary full takeover bid by Cairo Communication S.p.A. pursuant to articles 102 and 106, paragraph 4, of Legislative Decree 58/1998 for all the ordinary shares of RCS MediaGroup S.p.A. (the 'Takeover Bid').

The Board of Directors, having examined the contents of the Offer Document and the updated documentation regarding the Takeover Bid, the fairness opinion of the Independent Expert, Mr. Roberto Tasca, the fairness opinions of Citigroup and UniCredit, and the Opinion of the Independent Auditors pursuant to art. 39 of Consob Regulation 11971/1999, unanimously judges that the Consideration offered, although improved, is not adequate for RCS Shareholders.

For information on the Board of Directors' assessments, refer to the updated Issuer's Notice, which is available to the public on the company's website www.rcsmediagroup.it (Corporate Governance - Public Offers).

For further information:
RCS MediaGroup - Media Relations
Maria Verdiana Tardi - +39 02 2584 5412 - +39 347 7017627 - verdiana.tardi@rcs.it
RCS MediaGroup - Investor Relations
Federica De Medici - +39 02 2584 5508 - +39 335 230278 - federica.demedici@rcs.it
www.rcsmediagroup.it