Axel Springer Investor Presentation — August 2017

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Berlin, August 2, 2017H1/2017 Results

Investor/Analyst Conference Call

Dr Mathias Döpfner, Chairman & CEO

Dr Julian Deutz, CFODisclaimer

August 2, 2017 H1/2017 -Investor/Analyst Conference CallThis document, which has been issued by Axel Springer SE (the "Company"), comprises the written materials/slides for a presen tation of the

Whilst all reasonable care has been taken to ensure that the information and facts stated herein are accurate and that the op inions and

expectations contained herein are fair and reasonable no representation or warranty, express or implied, is given by or on be half of the Company,

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This document contains forward looking statements which involves risks and uncertainties. These forward looking statements sp eakonly as of the

date of this document and are based on numerous assumptions which may or may not prove to be correct. The actual performance andresults of

the business of the Company could differ materially from the performance and results discussed in this document.

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2Guidance increase after strong first half ofthe

August 2, 2017 H1/2017 -Investor/Analyst Conference CallEBITDA €317.2m (+16.2% reported, +9.9% organically)

Revenues €1,695.0m (+6.9% reported, +4.7% organically)

eps (adj.) €1.38 (+15.4 %)

Successful sale of Berlin real estate for €755m

3Digital revenues 71% of total revenues –with organic

growth of 10.7% in H1/17

August 2, 2017 H1/2017 -Investor/Analyst Conference CalldigitalRevenues Advertising Revenues EBITDA

digital digital71% 86% 77%

4Classifieds continue tobethegrowth engine

August 2, 2017 H1/2017 -Investor/Analyst Conference Call 5Strong revenue growth of15.6% –organically upby11.8%

Jobs classifieds again withstrongest organic revenue growth (15.2%), driven