Ströer SE (DB:SAX) entered into an agreement to acquire and Interactive Media CCSP GmbH from Deutsche Telekom AG (DB:DTE) for approximately €300 million in stock on August 13, 2015. The transaction will be carried out as a capital increase at Ströer for share worth €0.3 billion. The shares will be allotted to Deutsche Telekom which are subject to a lock-up period of 12 months.

Following the transaction, nothing will change neither for customers of Deutsche Telekom, nor for readers of the t-online.de news portal. www.t-online.de will continue to offer the usual news, advice and shopping content, as well as the familiar services and tools. The services will remain part of the offering of Telekom Deutschland GmbH and will continue to be accessed as usual via the t-online.de portal.

The transaction is subject to approval by the German Federal Cartel Office and is subject to other customary closing conditions. The transaction is expected to be closed in the fourth quarter of 2015. The transaction is accretive for Ströer's shareholders and EPS will increase by more than 5% in 2016. The two companies will together contribute some €35 million to Ströer SE's operational EBITDA. Kai Hasselbach, Ludwig Leyendecker, Klaus Beucher of Freshfields Bruckhaus Deringer acted as legal advisor and Hilmar Leonhardt and Friederike Vogel of Ernst & Young acted as financial advisor to Ströer. Deutsche Telekom Capital Partners and BNP Paribas acted as financial advisors to Deutsche Telekom. Ralf Morshäuser, Peter Steffen Carl, Roland Sterr, Wulf Goette, Steffen Krieger, Johann Wagner, Hendrik Marchal, Tobias Falkner, Johannes Wittmann, Tobias Harzenetter and Alexander Molle of Gleiss Lutz of Gleiss Lutz and Stefan Wilmer, Peter Bräutigam, Janina Diesem and Matthias Falke of Noerr LLP acted as legal advisors for Deutsche Telekom and Ströer SE respectively. Christian Stoll of Hogan Lovells International LLP acted as a legal advisor to Deutsche Telekom AG. Mario Schmidt and Christian Rolf of Willkie Farr & Gallagher LLP acted as legal advisors to the management of t-online.de and InteractiveMedia. Jörn Biederbick, Jan Christoph Pfeffer, Marion Schöberl, Markus Siegfanz, Claudia Bobermin, Stephan Peter, Ulrich Hartmann, Hans-Wolfgang Werner, Ingo Ernst Schöllmann, Hilmar Leonhardt and Friederike Vogel of Noerr LLP acted as legal advisor for Deutsche Telekom AG

Ströer SE (DB:SAX) completed the acquisition of T-Online International AG and Interactive Media CCSP GmbH from Deutsche Telekom AG (DB:DTE) on September 22, 2015. Federal Cartel Office approved the deal.