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Press release

Gruner + Jahr Posts Significant Rise in Revenue and Result for 2005

Hamburg, 26 March 2006
Gruner + Jahr, Europe´s biggest magazine publisherand the strongest-selling German publisher, lastingly enhanced its leadingmarket position in fiscal 2005. For the first time in four years, G+J increasedits revenues and achieved significant growth in profits, managing to pull offa turnaround in a difficult market environment.

Press release

Innovation, Acquisition and Merger: Gruner + Jahr Lays Cornerstones for the Future in 2004

Hamburg, 17 March 2005
Gruner + Jahr, Europe´s largest magazinepublisher, once again delivered a gratifying performance in 2004, atthe same time forming the basis for lastingly increasing the company´svalue and for strong growth. As G+J CEO Dr. Bernd Kundrun said todayat the annual press briefing in Hamburg, the goal is to increaserevenues to roughly ;euro;3.5 billion by 2010, while raising operating ROSto over 10 percent. He is relying on "the triad of innovation,acquisition and merger" to achieve these targets. A vast number ofinnovations in the international magazine markets, the takeover of amajority stake (54.9 percent) in Motor-Presse Stuttgart, and theplanned gravure joint venture with arvato and Axel Springer already"form the cornerstones of G+J´s growth strategy for the years ahead,"Kundrun added. The acquisition and the gravure merger arepending antitrust approval.

Press release

Gruner + Jahr Doubles 2002 EBITA To ;euro;234 Million - Revenues Total ;euro;2.8 Billion - New Titles In USA, France, Poland, Russia And China

Hamburg, 27 March 2003
Gruner + Jahr, Europe;lsquo;s biggest magazine publisher, delivered acomparatively good performance in 2002 despite the advertising crisis, andwill continue to grow in 2003, mainly by means of new title launches.EBITA, reported under to IAS (International Accounting Standards) for thefirst time, doubled year on year to 234 million (2001 pro forma: ;euro;117million). Total earnings (EBITA including special gains) rose to ;euro;406 million.During the same period, revenues declined to ;euro;2.8 billion, due to disposalsand the continuing decline in the ad business, especially in Germany. Netearnings amounted to ;euro;116 million (00/01: ;euro;40 million, reported under HGBGerman Commercial Code which restricts comparability), while cash flowmore than tripled to ;euro;385 million (00/01 pro forma: ;euro;114 million/HGB). TheReturn on Sales was 8.3 percent.