OWNERSHIPOFTHELEADINGSLOVENIANMEDIA Theanalysispresentsprintedmediaaccordingtoseveralcategories(dailynewspapers,periodical press,weekliesandmasscirculationfreepress),andthebiggestTVandradiostations. 1. Printedmedia Delod.d.publishinghouseissaidtobethemostimportantmediacompanyin.Its ownershipstructureisasfollows: 1 PIVOVARNALAŠKO,D.D. 80.83%

2 RADENSKA,D.D.RADENCI 19.17% (*Note:ThemajorityownerofRadenskad.d.isPivovarnaLaškod.d.) Delod.d.publishestwoleadingdailies:Slovenskenovice,(circulationof100,624copies)and Delo(76,341copies).Delod.d.alsopublishesNedeloweekly(circulation57,339)and supplementsOna(170,250copies),Vikend(212,371),Deloindom(165,129),Polet(163,058) andDeloFT(74.550),Magweekly(15,227)andfreeTotalTedna(375,000). Delod.d.companyalsohassignificantsharesinthefollowingmedia: 1 RADIOPTUJ(radiostation) 10%

2 ŠTAJERSKITEDNIK(printedmedia–weekly) 10%

3 MARIBORSKENOVICE(printedmedia–weekly) 10%

4 VEČER(printedmedia–daily) 20%

5 7DNI(printedmedia–weekly) 20%

6 GORENJSKIGLAS(printedmedia–weekly) 10%

7 RADIOIN(radiostation) 10% PresidentoftheManagementBoardofDelod.d.isPeterPuhan. PresidentoftheSupervisoryBoardisAndrijanaStarinaKosem,whilethemembersoftheSBare StojanZdolšekandRebekaLah. (*BoškoŠrot,DirectorofPivovarnaLaško,whichfullycontrolsDelod.d.,admittedpubliclyon 17November2007thathewasamemberoftheSocialDemocratsoppositionparty.) Dnevnikd.d.newspapercompanyisconsideredthesecondbiggestmediacompanyinthe country. Itsownershipstructureisasfollows: 1 DZS,D.D. 51.05%

2 STYRIAMEDIAINTERNATIONALAG 25.74%

3 DELOPRODAJA,D.D. 10.11%

4 ČZPVEČERD.D. 6.52% (*Note:Deloprodajad.d.isindirectlycontrolledbyDZS,andsoarenumeroussmall shareholders–employeesofDnevnikandDZS.) Dnevnikd.d.newspapercompanypublishesdailynewspaperDnevnik,(circulationof58.391 copies),dailyDirekt(circulation18.000),weekliesNedeljskidnevnik(137.850),Hopla(26.510) andDnevnikovobjektiv(58.391),andsupplementsPilot(186.585),Nika(200.000),Mojdom (200.000)Antena(68.000),Mojezdravje(80.000)andDenar&Svetnepremičnin(80.000) Dnevnikd.d.hasthefollowingownershipsharesinotherSlovenianmedia: 1 VESTNIK(printedmedia–weekly) 18.25%

2 RADIOMURSKIVAL(radiostation) 18.25%

3 PRIMORSKENOVICE(printedmedia–daily) 12.10%

4 GORIŠKA(printedmedia–monthly) 12.10%

5 DIREKT(printedmedia–daily) 100%

7 ARSVITAD.O.O.(ownerofDelo–revije) Notknown ThweownerofDnevnikd.d.,DZSd.d.,hasthefollowingownershipsharesinothermedia: 1 RADIOBREŽICE(radiostation) 10% PresidentoftheManagementBoardofDnevnikd.d.companyisBrankoPavlin. PresidentoftheSupervisoryBoardisBojanPetan,whileothermembersoftheSBinclude MarjanBožnik,RobertKrajnik,KlausSchweighofer,andrepresentativesofemployeesDejan KovačandDušanOcepek. (*PresidentoftheManagementBoardofDZSandPresidentoftheSupervisoryBoardDnevnik, BojanPetan,isamemberoftheoppositionLDS,formerpresidentoftheLDSBrežicelocal committee.) Through a network of companies and individuals DZS d.d. also controls Delo prodaja d.d. company,byfarthelargestdistributorofprintedpressinSlovenia,distributingover10millionof newspapersandmagazineseverymonththroughitsover140newsagents. VEČER Večerd.d.newspaperandpublishingcompanyisconsideredthethirdbiggestinthecountry.Its ownershipstructureisasfollows: 1 INFONDHOLDING,D.D. 58.82%

2 DELO,D.D. 20.00%

3 SLOVENSKAODŠKODNINSKADRUŽBA,D.D. 10.00%

4 DELOPRODAJA,D.D. 6.94% (*Note:InfondHoldingd.d.isindirectlycontrolledbyPivovarnaLaškod.d.Thelargestownerof PivovarnaLaškod.d.isInfondHoldingd.d.,whilethelargestownerofInfondHoldingad.d.is Koloneld.o.o.Delod.d.companyalsohasa20%shareVečer,thereforePivovarnaLaško throughitscompanies78.82%ofthecompany) Večerd.d.publishesVečerdailynewspaper(circulationof53,000copies),weeklysupplement Kvadrati(53,000),Bombonweekly(72,000),TVVečer(68,700),7DNIweekly(9,500copies), Našdomweekly(10,000),Vročikajmonthly(5,000copies) ČZPVečerd.d.ownssharesinthefollowingmedia: 1 DNEVNIKD.D. 6,25% with VESTNIK(printedmedia–weekly)

RADIOMURSKIVAL(radiostation)

PRIMORSKENOVICE(printedmedia–daily)

GORIŠKA(printedmedia–weekly)

DIREKT(printedmedia–daily)

ARSVITAD.O.O.(ownerofDelorevijed.d.) PresidentoftheManagementBoardofČZPVečerd.d.isMilanPredan. PresidentoftheSupervisoryBoardisDušanMohorko,whilemembersoftheSBincludeŽeljko Vogrin,TamaraZajec,andrepresentativeofemployees,PetrinaŠebartŽižekandBorkoDe Corti. (*PresidentoftheSBofČZPVečerd.d.isDušanMohorko,whoisalsoamemberoftheSBof theretailerMercatord.d.,whoiscontrolledthroughvariousownershipsharesbyPivovarna Laškod.d.) PRIMORSKENOVICE PrimorskeNoviced.o.o.publishesPrimorskenovicedailynewspaper(25,000)andGoriška monthly(25,000). OwnershipstructureofPrimorskenoviced.o.o.isasfollows: 1 BANKAKOPERD.D. 17.12%

2 PRIMORJED.D. 16.92%

3 DNEVNIKD.D. 12.10%

4 LUKAKOPERD.D. 10.83%

5 KB1909 10.81%

6 INTEREUROPAD.D. 10%

7 HITD.D. 9.94%

8 FORMAINNKOPER 7.09% TheRepublicofSloveniadoesnotownshares,however,companiesinthemajorityownershipof thestate(LukaKoper,Intereuropa,Hit)doownthem,buttheydonothaveacontrollingstake. DirectorofthecompanyisSuzanaZornadaVrabec. PresidentoftheSupervisoryBoardisGorazdHumar,whilemembersoftheSBareAleksander Lozej,MarjanZahar,MirkoPavšičandBorisUgrin. Financed.o.o.publishesthedailynewspaperFinance,monthlyManagerandMojefinance. TheownershipstructureofČasnikFinanced.o.o.isasfollows: 1 BONNIERBUSSINESPRESS,ŠVEDSKA 100% DirectorofthecompanyisPeterFrankl.PresidentoftheSupervisoryBoardisGerdtLarsson. PeriodicalPress DELOREVIJED.D. Slovenia'sleadingpublisherofmagazinesandleisurepublicationswithanannualoutputof 12,000,000copiesof19magazines,7specialissues,7regularsupplements,booksandbooklets. Thecompany'sownershipstructureisasfollows: 1 ARSVITAD.O.O. 50.72%

2 ALPRESSD.O.O.LJUBLJANA 28.14%

3 RAFIINŽENIRING,D.O.O.,LJUBLJANA 3.54%

4 KLADARINLENČA 2.57%

5 GUZEJTINE 2.57% Delorevijed.d.publishesSlovenia'sleadingmagazines,including Jana,Lady,Obrazi,Stop,Anja, Eva,Kih,Smrklja,ModnaJana,Ambient,Lepainzdrava,Našažena,Zdravje,Prinasdoma,Rože&Vrt, Mojmikro,LadyKrižanke,Joker,Dobrakuhinja,Nonstop,Telekomunikacije,LjubezenskezgodbeLady and Naravnazdravila . InOctober2007therewasahostiletakeoverofDelorevijed.d.byDnevnikd.d.,Deloprodaja d.d.andSalomon2000.Thethreecompaniesjoinedtheir50.72%shareinArsvitad.o.o.Through connectionsbothDnevnikd.d.andDeloprodajad.d.areagaincontrolledbyDZSd.d. PresidentoftheManagementBoardofDelorevijed.d.isAndrejLesjak. PresidentoftheSupervisoryBoardisTineGuzej.JelkaSežunandDeanGončinaremembersof theBoard. ADRIAMEDIALJUBLJANAD.O.O. AdriaMediaLjubljanad.o.o.isSlovenia'ssecondlargestmagazinepublisher.AdriaMedia LjubljanaisasubsidiaryofAdriaMediaHoldingandStyriaMedienInternational,whicharealso presentinCroatiaandSerbia. Thecompany'sownershipstructureisasfollows: 1 ADRIAMEDIAHOLDINGGMBH,GERMANY 75%

(GRUNER+JAHRGMBH)

(SANOMAMAGAZINES)

2 STYRIAMEDIAINTERNATIONALAG 25% Thecompanypublishes13magazines: Avtomagazin,Connect,Cosmopolitan,Elle,Geo,Lea,Lisa,Lisa –Čarovnijaokusa,Lisa–Mojestanovanje,Men'sHealth,Mojlepivrt,Nova and Playboy .Annually, AdriaMediaLjubljanad.o.o.issuesover6,000,000copiesofmagazinesandprintsover 25,000,000previewpages. PresidentoftheManagementBoardisTomažDrozg,whilethecompany'sauthorised representativeisJozsefSteff. Weeklies: Mladina isoneofthemostimportantpoliticalweeklies,withacirculationof19,000.Itis publishedbyMladinad.d.inwhichthelargestindividualowneristheItalianfinancialcompany KB1909.Theeditor,GregaRepovž,whoisalsothePresidentoftheSloveneAssociationof Journalists,hasasignificant(10%)shareofthecompany.Amongimportantownersarealso FactorLeasing(ownedbyAutocommerce)andnewspaperdirectorAndrejKlemenc. Mag isSlovenia'ssecondmostimportantpoliticalweekly,withacirculationof16,000copies. MagispublishedbyDelod.d. Masscirculationfreedailiesandweeklies: Thelargestamongthemis Totaltedna publishedbyDelod.d.,inwhichPivovarnaLaškod.d. hasthemajorityshare.Totaltednahasacirculationof375,000copies. Slovenia'ssecondlargestfreeweeklyis Dobrojutro ,withacirculationof350,000copies.Itis publishedbyRegionalnimedijid.o.o.,acompanyownedbyDijamedijid.o.o.andAustrian MediaSudOstBeratungs.TheirrespectivedirectorsareDejanVlaisavljevićandJohanMarcher. Thethirdinlineis Žurnal ,withacirculationof250,000copies,publishedbyŽurnalmedia d.o.o.,acompanyownedbyAustria'sStyriaMedienInternationalAG.Thecompany'sofficial representativesareDietmarStrnadandRobertGspandl. NB: TheRepublicofSloveniahasnodirectownershipsharesintheprintedmedia.Indirectly, itownssmallersharesinVečer(10%)throughtheSlovenskaodškodninskadružba(SOD Slovenian Compensation Company), in Dnevnik (2.67%) through Mobitel, and in Primorskenovice(30.77%)throughLukaKoper,HitandIntereurope.Accordingtothe Ministry of Culture, in Slovenia there are currently 915 printed media, of which 7 are dailies,43weekliesand57biweeklies. 2. Majordigitalmedia TELEVISION POPTVandKANALA TelevisionstationsPOPTV(highestratingsinSlovenia)andKANALAareownedbythe companiesPOPTVd.o.o.andKANALAd.o.o.Thecompanieshaveacommonowner,the PRODUKCIJAPLUSd.o.o.productioncompany,whichiswhollyownedbyCentralEuropean MediaEnterprisesLTDregisteredintheBermudaIslands. DirectorofthecompanyisMarjanJurenec.Thecompanyhasnosupervisoryboard. TV3 TheowneroftheTV3televisionstationistheSwedishmediacorporationMODERNTIMES GROUP.DirectorofthePrvaTVd.o.o.company,whichownstheTVstation,isMartLuik. WiththeexceptionoftheRadioandTelevisionSlovenia(RTVSLO),thepublicbroadcasting organisation,theRepublicofSloveniahasnoownershipshareinthedigitalmedia.TheRepublic ofSloveniaistheowneroftheTriglavInsuranceCompany,whichisthemajorityownerof Triglavnaložbe,finančnadružbad.d.,which,inturn,ownsaminorityshareintheInfoTV televisioncompany.Apartformthenationalbroadcaster(RTVSLO),thereare 36 private televisionstationsinSlovenia. ThemostpopulartelevisionstationsinSloveniaare: 1. POPTV 2. TVSLOVENIJA1 3. KANALA 4. TVSLOVENIJA2 5. TV3 RADIO WiththeexceptionoftheRadioandTelevisionSlovenia(RTVSLO),thepublicbroadcasting organisation,theRepublicofSloveniahasnoownershipshareinanyradiostation.RTVSlovenia broadcastsVal202,RadioSlovenija,RadioKoper,Radio,Pomurskimadžarskiradio, RadioARSandRadioSloveniaInternational. Slovenia'slargestcommercialradiostationisRadioCity,ownedbyRadioCityd.o.o.,owned whollybyMišoHoelbl.ThesecondisRadioHit,ownedbyRDomžaled.o.o.,ownedbyStane andVandaCencelj.ThethirdisRadio1,ownedbyRadio1d.o.o.,ownedbytheInfonetmedia company,BoštjanProtner,LeopoldOblakandothersmallshareholders.Apartformthenational radiobroadcasterandthethreelargestcommercialradiostations,thereare 62 privateradio stationsinSlovenia.