EUROPEAN PARLIAMENT 25 APRIL 2017 VISION TO LIVE AND SHARE A UNIQUE AND GLOBAL EXPERIENCE OF NEWS, KNOWLEDGE AND CULTURES, EXPRESSED THROUGH A GENUINE DIVERSITY* ROOTED IN OUR EUROPEAN IDENTITY

*MOTTO OF THE EUROPEAN UNION: “UNITED IN DIVERSITY” EMPOWERING PEOPLE

IN EUROPE AND IN THE WORLD THROUGH INDEPENDENT, UNBIASED AND RELIABLE NEWS MAKING EURONEWS THE MOST INFLUENTIAL NEWS ORGANIZATION ON EUROPEAN AFFAIRS FACTS EURONEWS TV IN 433 MILLION HOUSEHOLDS WORLDWIDE 277 MILLION HOMES IN FULL TIME: +23.1 MILLION Y.O.Y

#1 COVERAGE OF EMEA (IN MILLION HOMES – FULL TIME)

euronews 249 EUROPE France 24 242 N. AMERICA 214m | 179m CNN Int 188 78m | 3.4m TV5 Monde 187 ASIA / PACIFIC BBC World N. 151 MEA 27m | 23m Eurosport 137 84m | 70m CNBC 135 S. AMERICA Nat Geo 116 32m | 1.5m Sky News 102 Eurosport 2 75

TOTAL | FULL TIME Sources: InTV reports Q1 ’15 / Q3 ’16 for Euronews Euronews Q3 2016 by region and year on year evolution

WORLD COVERAGE VIA CABLE, SATELLITE, IPTV AND TERRESTRIAL. TOTAL AUDIENCE

288M CONSUME EURONEWS PER MONTH

147M WATCH EURONEWS (LIVE & VOD) PER WEEK

40M WATCH EURONEWS (LIVE & VOD) PER DAY 276 M 9 M 5 M 3 M 7.5 M TV Viewers Digital Users YT Users Radio Listeners Fans and followers 1 000 EMPLOYEES, 600 JOURNALISTS FROM MORE THAN 30 NATIONALITIES 13 LINGUISTIC EDITIONS 8 OFFICES AROUND THE WORLD, INCLUDING A FULL NEWSROOM IN BRUSSELS CHALLENGES INDUSTRY

HYPER COMPETITION CHANGE IN CONSUMPTION INFOBESITY REVOLUTION BUSINESS MODELS COMPETITION

STATE-FUNDED MEDIA WITH UNILATERAL PERSPECTIVE MASSIVE COST CUTTINGS EVERYWHERE DIGITAL PURE PLAYERS OBJECTIVES EUROPEAN PERSPECTIVE MULTILINGUALISM INDEPENDENCE DIVERSITY SUSTAINABILITY

 RETHINKING OUR ORGANIZATION SUSTAINABILITY

 CHANGING SCALE TO THRIVE AGAINST GIANTS SHAREHOLDING CURRENT SHAREHOLDING

SHAREHOLDERS IN %

MEDIA GLOBE NETWORKS 53%

PUBLIC SHAREHOLDERS 47%

TOTAL 100% ON-GOING DISCUSSIONS WITH NBC UNIVERSAL

NBCU WILL BRING TO EURONEWS: • UNRIVALED KNOW-HOW IN TV PRODUCTION • TRAINING SKILLS • ACCESS TO CONTENT (ON-AIR AND DIGITAL) • BUSINESS DEVELOPMENT OPPORTUNITIES OBJECTIVES OF THE PARTNERSHIP WITH NBC UNIVERSAL

• MAKING EURONEWS AN INFLUENTIAL NEWS SOURCE ON EUROPEAN AFFAIRS • COMPETING AGAINST CNN, THE #1 AMERICAN MEDIA IN EUROPE FUTURE SHAREHOLDING

SHAREHOLDERS IN %

MEDIA GLOBE NETWORKS 60%

NBCUNIVERSAL 25%

PUBLIC SHAREHOLDERS 15%

TOTAL 100% FUTURE SHAREHOLDING

DESPITE THEIR DECREASE IN OWNERSHIP, THE PUBLIC SHAREHOLDERS WILL MAINTAIN OVERALL THEIR CURRENT EDITORIAL AND CORPORATE RIGHTS SAFEGUARDS TO MAINTAIN THE EURONEWS EUROPEAN MISSION OF GENERAL INTEREST IN THE CONTEXT OF THE CHANGES IN SHAREHOLDING, IT IS VITAL TO GUARANTEE THE FULL EDITORIAL INDEPENDENCE OF EURONEWS FOR ALL OUR STAKEHOLDERS REASON #1

• THE EDITORIAL INDEPENDENCE IS OUR MOST VALUABLE ASSET, AS IT GIVES US CREDIBILITY, TRUST AND THEREFORE ACCESS TO OUR AUDIENCE REASON #2

• IN PARTICULAR, THE EDITORIAL INDEPENDENCE OF OUR MEDIA IS THE CORNERSTONE OF OUR RELATIONSHIP WITH THE EUROPEAN COMMISSION A UNIQUE GOVERNANCE MODEL

SHAREHOLDERS

SUPERVISORY EDITORIAL BOARD BOARD

EDITORIAL STEERING COMMITTEE

EXECUTIVE BOARD DIRECTOR OF PUBLICATION CEO CHIEF CONTENT OFFICER COMMITMENTS TO THE EUROPEAN COMMISSION COMMITMENTS TO THE EUROPEAN COMMISSION

1. EURONEWS' TRADITIONAL ENGAGEMENT TO UNBIASED, PLURALISTIC AND INDEPENDENT INFORMATION

Euronews and NBC Universal commit to establish a mission statement defining these common underlying principles devoted to preserving the European perspective and DNA

A common editorial vision COMMITMENTS TO THE EUROPEAN COMMISSION

2. THE CHANNEL CURRENT EDITORIAL PRINCIPLES, ITS EDITORIAL GOVERNANCE MECHANISMS AND THE EXTERNAL ASSESSMENT OF INDEPENDENT BODIES WILL CONTINUE TO BE ENACTED

The existing governance and protective mechanisms described earlier as regard to editorial matters will remain overall unchanged COMMITMENTS TO THE EUROPEAN COMMISSION

3. EURONEWS WILL KEEP MULTILINGUALISM AS ONE OF ITS CORE STRENGTHS AFTER THE IMPLEMENTATION OF THE NEW BUSINESS PLAN

Multilingualism remains a core asset, while modalities are different between:

• Core languages: English, French, Italian, Spanish, German and Russian, and

• Editions funded by a specific partner: Greek, Hungarian, Portuguese, Arabic, Farsi, funded by the European Commission, Turkish funded by TRT and Ukrainian no longer funded COMMITMENTS TO THE EUROPEAN COMMISSION

4. THE DEAL WITH NBC UNIVERSAL WILL NOT RESULT IN STAFF REDUCTIONS DUE TO CHANGES IN THE PRODUCTION MODEL

The current restructuring plan has nothing to do with the proposed investment by NBC Universal. To the contrary, within the framework of this partnership, we anticipate creating further new jobs in our editorial and operations teams COMMITMENTS TO THE EUROPEAN COMMISSION

5. THE CHIEF CONTENT OFFICER (CCO) WILL BE REQUIRED TO HAVE IN-DEPTH KNOWLEDGE OF EU AFFAIRS AND GOVERNANCE

Our amended by-laws will require that such person possess the demonstrated skills, experience and ethics for such a role, fit the editorial line of Euronews, share European values of freedom, democracy, etc… and be a citizen of a European country COMMITMENTS TO THE EUROPEAN COMMISSION

6. THE NAME "EURONEWS" WILL BE KEPT AND FEATURE PROMINENTLY IN THE BRAND UNDER THE NEW PARTNERSHIP COMMITMENTS WITHIN THE SHAREHOLDERS’ AGREEMENTS

THE SHAREHOLDERS COMMIT TO LOCK-UP THE FUTURE SHAREHOLDING STRUCTURE FOR THE 3 YEARS TO COME

THE SHAREHOLDERS RECOGNIZE THAT ANY CHANGE IN THEIR OVERALL COMMITMENTS COULD HAVE A SIGNIFICANT IMPACT ON THE EU RELATIONS FULL TRANSPARENCY WITH THE EUROPEAN COMMISSION

AS PART OF THE STRATEGIC DIALOGUE, ALL THE DOCUMENTATION (SHAREHOLDERS’ AGREEMENT, BY-LAWS, INVESTMENT PROTOCOL…) HAVE BEEN FULLY PROVIDED TO THE EUROPEAN COMMISSION ONE MORE THING…

THE 4-YEAR FRAMEWORK PARTNERSHIP AGREEMENT SIGNED WITH THE EUROPEAN COMMISSION IS UNDOUBTEDLY A STRONG AND REAL GUARANTEE