Corporate Action Information

Issue Date: 13 June 2019 Effective Date: tba Contact: Derivatives Trading Operations, Tel. +49-69-211-1 12 10

Corporate Action Takeover Company SE ISIN DE0005501357 Rules&Regulations Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland, section(s) 1.6.7 (7), 1.13.8 (7), 2.6.10 (7)

Options contracts on stocks SPR Futures contracts on stocks SPRG Futures contracts on dividends of stocks

The company & Co. announced its proposal to acquire Axel Springer SE via a takeover offer to the shareholders of Axel Springer SE at a price of EUR 63.00 per share.

Please be advised, that the shares which are contracted in the shareholder agreement of the investor Kohlberg Kravis Roberts & Co. with Dr. h.c. and Dr. Mathias Döpfner, under the condition of verification of the offer documents, will be taken into consideration if more than 50 per cent are attributable to the bidder.

More information about this transaction is available on the company`s website under https://www.axelspringer.com

This information describes the potential effects this transaction will have on the above mentioned contracts.

Eurex Deutschland T +49-69-211-1 17 00 Management Board:: Börsenplatz 4 F +49-69-211-1 17 01 Thomas Book, Wolfgang Eholzer 60313 Frankfurt/Main eurextrading@ Erik Tim Müller, Michael Peters, Mailing adress: eurexchange.com Randolf Roth 60485 Frankfurt/Main Internet: www.eurexchange.com

Procedure

Fair Value Method

The Eurex options and the Eurex Single Stock Futures contract of shares on Axel Springer SE will be settled at the theoretical fair value, provided the conditions defined in the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland, number 1.6.7 (7) for Single Stock Futures contracts and number 2.6.10.1 (7) for options contracts, are met. If these conditions are not met, trading in Axel Springer SE contracts will continue without any changes. The following parameters will be defined for calculation of the theoretical fair value:

Options

Implied Volatility

For each series an implied volatility is defined. This volatility is calculated on the basis of the average implied volatility of the daily settlement prices on the ten exchange days preceding the announcement of the offer (28 May 2019 to 11 June 2019). The same volatility will be used for Call and Put.

Expiration Expiration Strike implied Year Month Price Volatility 2019 July 4100 42,09 2019 July 4200 37,74 2019 July 4300 36,68 2019 July 4400 35,88 2019 July 4500 34,92 2019 July 4600 34,10 2019 July 4700 33,24 2019 July 4800 32,50 2019 July 4900 31,84 2019 July 5000 31,24 2019 July 5100 30,65 2019 July 5200 30,19 2019 July 5400 29,30 2019 July 5600 29,91 2019 July 5800 30,22 2019 July 6000 30,53 2019 July 6200 30,71 2019 July 6400 31,00 2019 August 4100 40,31 2019 August 4200 36,11 2019 August 4300 35,20 2019 August 4400 34,20 2019 August 4500 33,41 2019 August 4600 32,56 2019 August 4700 31,81 2019 August 4800 31,19 2019 August 4900 30,51 2019 August 5000 30,00 2019 August 5100 29,37 2019 August 5200 28,97 2019 August 5400 28,87 2019 August 5600 28,77 2019 August 5800 28,46

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2019 August 6000 28,50 2019 August 6200 28,88 2019 August 6400 29,39 2019 September 3600 38,74 2019 September 3800 36,77 2019 September 4000 34,82 2019 September 4200 33,03 2019 September 4400 31,53 2019 September 4600 30,01 2019 September 4800 28,64 2019 September 5000 27,52 2019 September 5200 26,54 2019 September 5600 25,13 2019 September 6000 24,62 2019 September 6400 24,84 2019 September 6800 25,90 2019 September 7200 26,71 2019 December 2800 35,62 2019 December 3200 35,15 2019 December 3600 32,58 2019 December 3800 31,33 2019 December 4000 30,12 2019 December 4200 29,05 2019 December 4400 28,09 2019 December 4600 27,10 2019 December 4800 26,18 2019 December 5000 25,49 2019 December 5200 24,71 2019 December 5600 23,53 2019 December 6000 22,74 2019 December 6400 22,57 2019 December 6800 22,58 2019 December 7200 22,75 2019 December 7600 23,04 2020 March 3600 30,63 2020 March 3800 29,76 2020 March 4000 28,79 2020 March 4200 28,03 2020 March 4400 27,20 2020 March 4600 26,46 2020 March 4800 25,77 2020 March 5000 25,06 2020 March 5200 24,59 2020 March 5600 23,45 2020 March 6000 22,68 2020 March 6400 22,36 2020 March 6800 22,37 2020 March 7200 22,77 2020 June 2800 34,52 2020 June 3200 32,29 2020 June 3600 30,29 2020 June 4000 28,56 2020 June 4400 27,06

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2020 June 4800 25,77 2020 June 5200 24,64 2020 June 6000 23,22 2020 June 6800 22,95 2020 June 7600 23,40 2020 June 8400 23,87 2020 June 9200 24,28 2020 December 2800 32,41 2020 December 3200 30,56 2020 December 3600 29,03 2020 December 4000 27,70 2020 December 4400 26,48 2020 December 4800 25,40 2020 December 5200 24,44 2020 December 6000 23,16 2020 December 6800 22,88 2020 December 7600 22,87 2020 December 8400 23,23 2020 December 9200 23,68 2020 December 10000 24,13

Option and Single Stock Future

Interest Rate and Dividend

For calculation of the fair value implied interest rates will be used. The following dividend data are applied for the calculation of the implied volatility and are used for determination of the fair values, provided the settlement date of the contracts precedes the ex-date.

Dividend amount in EUR Ex-date 1.85 21.04.2020

Generally and effective immediately, no more new series in the Eurex options and Eurex Single Stock Futures on shares of Axel Springer SE will be introduced. Series with no open interest will be deleted.

We will keep you informed about the further procedure whenever changes or new information in the course of the transaction render this necessary.

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