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114

MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES

A member firm of Ernst & Young Global Limited.

Opinion

In our opinion, the accompanying consolidated financial statements give a true and fair view, in all

material respects, of the consolidated equity and consolidated financial position of MEDIASET ESPAÑA

COMUNICACIÓN, S.A. and its subsidiaries at December 31, 2015, and its consolidated results and

consolidated cash flow for the year then ended, in accordance with IFRS, as adopted by the EU, and

other provisions in the regulatory framework for financial information applicable in Spain.

Report on other legal and regulatory requirements

The accompanying consolidated 2015 management report contains such explanations as the directors

of the parent company consider appropriate concerning the situation of the Group, the evolution of its

business and other matters; however, it is not an integral part of the consolidated financial statements.

We have checked that the accounting information included in the aforementioned consolidated

management report agrees with the 2015 consolidated financial statements. Our work as auditors is

limited to verifying the consolidated management report in accordance with the scope mentioned in this

paragraph, and does not include the review of information other than that obtained from the accounting

records of MEDIASET ESPAÑA COMUNICACIÓN, S.A. and its subsidiaries.

ERNST & YOUNG, S.L.

(Signed on the original in Spanish)

___________________

Carlos Hidalgo Andrés

February 24, 2016