Sky Deutschland AG: Completion of tender offer by Sky German Holdings GmbH - Amendments in long-term financing

Unterföhring, 12. November 2014 - Today, the voluntary takeover offer from Sky German Holdings GmbH has been completed, with Sky German Holdings GmbH acquiring 814,224,168 tended Sky Deutschland shares, which corresponds to approximately 87.45% of the total share capital and the voting rights in Sky Deutschland. Following the offer period Sky German Holdings GmbH acquired additional Sky Deutschland shares bringing its total shareholding to 89.71%.


In the context of the completion of the voluntary takeover offer from Sky German Holdings GmbH, Sky entered into a financial support agreement with British Sky Broadcasting Group PLC (BSkyB). As a result, BSkyB with its subsidiaries British Sky Broadcasting Limited, BSkyB Finance UK plc, Sky In-Home Service Limited and Sky Subscribers Services Limited have replaced Twenty-First Century Fox, Inc. and its subsidiary 21st Century Fox America as guarantors for Sky's bank credit facilities. The commitment of Twenty-First Century Fox, Inc. in regards to the Bundesliga guarantee remains unchanged.


The existing shareholder loans with a nominal value of €106 million have been transferred from 21st Century Fox Adelaide Holdings B.V. to Sky International Operations Limited.


About Sky Deutschland:

Sky Deutschland AG is the leading pay-TV provider in Germany and Austria with more than 3.9 million subscribers and revenues amounting to 1.7 billion Euros. The MDAX-listed company offers subscription television as well as on-demand services for private and business customers.


The Sky platform comprises up to 80 exclusive channels, almost all of which are also available in HD. The program portfolio of Sky includes live sports together with the only German 24/7 sports news channel Sky Sport News HD, feature films, series, children's programs and documentaries. The Sky+ hard disk receiver allows for time-shifted television and the Sky Anytime on-demand service enables customers to enjoy hundreds of constantly changing titles. Sky Go, the leading online TV in Germany, provides access to Sky programming via mobile devices and PCs. Moreover, the online media library Snap by Sky offers thousands of titles - among them blockbusters, classic films, complete series box sets and children's programs.


Sky is the innovation leader in the German and Austrian television markets. In the past two decades, Sky has played a major role in establishing pay-TV as the third pillar of television entertainment alongside fee-financed and advertising-financed broadcasters. Sky has 2,500 employees and is based in Unterföhring near Munich.

(Stand: 30.09.2014)


Contact for media:

Dr. Jörg E. Allgäuer

Vice President Corporate Communications

Tel.: +49 89/99 58-63 77

joerg.allgaeuer@sky.de


Contact for investors and analysts:

Christine Scheil

Senior Vice President Investor Relations

Tel.: +49 89/99 58-10 10

christine.scheil@sky.de



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