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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
Sogecable Media, S.L.U, Sogecable Editorial, S.L.U, Aprok Imagen, S.L., La Fabrica de la Tele, S.L., and Producciones
Mandarina, SL:.
As a result of the merger between Agencia de Televisión Latinoamericana de Servicios España, S.A.U. and Sociedad
General de Televisión Cuatro, S.A.U., the following companies were included in Mediaset España Comunicación, S.A.’s
balance sheet (under “Non-current assets - Investments in Group companies and associates”:
• Sogecable Media, S.L.U., with a net carrying amount of EUR 0 following the write-off of the value of the investment.
• Sogecable Editorial, S.L.U., with a net carrying amount of EUR 3 thousand.
• Aprok Imagen, S.L., with a net carrying of amount of EUR 0 following the write-off of the value of the investment.
• La Fabrica de la Tele, S.L. with a net carrying amount of EUR 40 thousand.
• Producciones Mandarina, S.L., with a net carrying amount of EUR 90 thousand.
Liquidation of Canal Factoría de Ficción, S.A.
On 10 November 2011, the Company decided on the simultaneous dissolution and liquidation of Canal Factoría de
Ficción, S.A.U.
b) Main changes in the year ending 31 December 2010
Acquisition of 22% of DTS Distribuidora de Televisión Digital, S.A.
On 28 December the Company recognised the acquisition of 22% of the shares of DTS Distribuidora de Televisión
Digital, S.A. at a cost of EUR 487,988 thousand. A capital increase was carried out at Gestevisión Telecinco, S.A. to
finance this acquisition. The increase was recognised on 13 December 2010 at a nominal amount of EUR 43,409
thousand. It was carried out through the issue of 86,817,700 new ordinary shares of the same class and series as those
already in circulation and existing shareholders were offered pre-emptive subscription rights.The issue price for the new
shares was EUR 5.75 per share and the total increase amounted to EUR 499,202 thousand (Note 13).
On 21 March 2011 a dividend of EUR 18,338 thousand corresponding to profits generated prior to the acquisition of
that company by Mediaset Spain Communication, S.A. was distributed, and therefore there has been a reduction of
the value of their participation.
Acquisition of Sociedad General de Televisión Cuatro, S.A.U. (Sole shareholder company)
On 29 December 2010, by vir tue of the agreements approved at the Extraordinary General Shareholders Meeting of
Gestevisión Telecinco, S.A. held on 24 December 2010, a non-monetary capital increase was carried out, consisting of
all the share capital of Sociedad General de Televisión Cuatro, S.A.U. (Sogecuatro) at a nominal amount of EUR 36,701
thousand. 73,401,870 ordinary shares were issued, each with a nominal value of EUR 0.50 and all of the same class and
series as those already outstanding.The new shares were issued at their nominal value (EUR 0.50) plus a share premium
equal to EUR 7.30 per share.The issue price, therefore, was EUR 7.80 per share. The capital increase amounted to EUR
572,536 thousand (Note 13).
Sogecuatro has been measured at the fair value of the Gestevisión Telecinco, S.A. shares which were granted to
Sogecable. Based on the initial agreements signed, Sogecable was to receive all the shares issued in the non-monetary
capital increase. However, the agreement established that if at 30 November 2010 Sogecuatro had financial debt or
equity of less than EUR 25 million, the number of GestevisiónTelecinco, S.A. shares it would receive would be decreased
by 2,866,972 shares unless Sogecable increased the equity of Sogecuatro, which did not occur.The final number of shares
received by Sogecable was 70,534,898, representing 17.34% of all the share capital of GestevisiónTelecinco, S.A. The fair
value of these shares was calculated as the quoted price on 29 December 2010. Consequently, the cost of Sogecuatro
was EUR 590,730 thousand.