PRESS RELEASE

THE ICA APPROVES TWO PUBLIC BIDS ON RCS CAPITAL

The ICA has approved two distinct public takeover bids for the company RCS. On 6 July 2016, the Italian Competition Authority examined the merger transactions related to the take-over bid with share swap launched by Cairo Communications S.p.a., and the competing take-over bid launched by International Acquisitions Holding S.à r.l. and other operators on the shares of RCS MediaGroup S.p.a.

For both transactions, the Authority reached the conclusion that further investigations are not necessary as no criticalities emerged in terms of competition protection and the proper functioning of the market.