H. Bauer Publishing Successful in Bid for Emap

07 December 2007

H. Bauer Publishing has reached an agreement with Emap regarding the sale of the latter's Consumer Media and Radio divisions. This is the first important step in a process which is still awaiting shareholder approval.

The Emap portfolio includes some of the leading consumer magazines in the UK.

"The planned purchase of Emap fits perfectly with our current strategy for international expansion" comments Heinz Bauer.

Further details of the bid will be announced by Bauer Germany's press office in their annual press conference which takes place at Bauer's Hamburg offices on December 12.

Commenting on the bid, David Goodchild, Managing Director of H. Bauer Publishing, said "This is fantastic news for the group and in particular for the UK business. The Emap portfolio contains some of the strongest brands in the UK both in radio and magazines. We look forward to working with both teams in building the business to even greater heights."

For further information please contact: Julia Toni on: 020 7241 8013 or by email: Julia.toni@bauer.co.uk. Or look on-line at www.bauer.co.uk

Bauer Verlagsgruppe is one of Europe's leading magazine publishers. It publishes 166 magazines in 14 countries, employing more than 6,500 staff. In Germany alone the family-owned business produces 40 magazines, reaching 32 million readers. Its annual turnover is approximately 1.76 billion euro. (Source: ag.ma, annual report) Press contact German Office: Bauer Verlagsgruppe Tel: +49 40/3019-1080, email: kommunikation@bauerverlag.de or look online at http://www.bauerverlag.de