Press release

G+J/Mondadori: Rolf Heinz Named New CEO In Italy

Hamburg, 12 July 2005 –

G+J/Mondadori has a new CEO. On Sep 1, Rolf Heinz will succeed Stefano de Alessandri (45), who is leaving to serve as CEO of Hachette Rusconi, an Italian magazine publisher. Rolf Heinz (39) was unanimously elected to his new position by both shareholders. After studying political sciences and business, Heinz initially worked for the Bauer, Jahreszeiten and Deutsche Supplement imprints. In 2000, he joined G+J´s International Magazine Division, where as of 2002 he served as the unit´s Director for G+J Executive Board member Axel Ganz in Paris. In February 2004, Rolf Heinz moved to Hamburg, having been named Executive Vice President,International Magazine Division, which was newly organized under G+JExecutive Board member Dr. Torsten-Jörn Klein in early 2004. Here, hisresponsibilities included Business Development Existing Markets, StrategicProjects and Controlling.

Dr. Torsten-Jörn Klein: "I am delighted that Rolf Heinz, my deputy andcandidate of choice, has been appointed to head G+J/Mondadori. He willbring forward the expansion of our Italian business with new magazinesand projects. I thank Stefano de Alessandri for the ever valuablecollaboration and the important impulses he set during his two years withus. I wish him the best of luck and success in his new position."

Alexander Adler
Director, Media Relations
Gruner + Jahr AG & Co KG
Am Baumwall 11
20459 Hamburg
Fon: +49-40-3703-2244
Fax: +49-40-3703-5617

Rolf Heinz