Corporate Bodies

ProSiebenSat.1 Media SE is a stock exchange-listed company with its registered head office in Unterföhring, near Munich. A stock corporation organized under German law has three main corporate bodies:

Executive Board

Supervisory Board

Annual General Meeting.

The governing bodies' decision-making powers are strictly demarcated from each other:

The basic rules for this dual management system are defined in ProSiebenSat.1 Media SE's articles of incorporation and in the rules of procedure for the Executive Board and Supervisory Board.

In order to facilitate a stronger international alignment of the digital business, the former ProSiebenSat.1 Media AG announced on October 15, 2014, that it intends to change its legal form to a European Company (Societas Europaea/SE). The Annual General Meeting decided on the conversion on May 21, 2015, after the submission of a corresponding resolution proposal by the Executive Board and Supervisory Board. The conversion of ProSiebenSat.1 Media AG into a European Stock Corporation (Societas Europaea/SE) was concluded on July 7 with the entry into the commercial register and is thus officially effective. The new legal form facilitates the Group's increasingly international focus and supports its successful growth course.

ProSiebenSat.1 Media SE will continue to operate under a two-tier system consisting of an Executive Board and a Supervisory Board. The new legal form will not affect shareholders, contract partners, customers, employees and the Corporate Governance of the company. The same is true for stock market trading: The share's listing on the present stock exchanges remains unchanged. The headquarters of ProSiebenSat.1 Media SE remain at Unterföhring near Munich.