Axel Springer SE Investor Presentation — May 2018

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J.P. Morgan Cazenove

Technology, Media and Telecoms CEO Conference 2018

London, May 23, 2018

Dr Julian Deutz, CFODrJulian Deutz, CFO

Claudia Thomé, Co -Head of Investor RelationsDisclaimer

May 2018 Company presentation 2This 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,

any of its directors, or any other person as to the accuracy or completeness of the information or opinions contained in this document and no

liability is accepted for any such information or opinions.

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.

The Company undertakes no obligation to publicly update or revise any forward looking statements or other information contain ed herein whether

as a result of new information, future events or otherwise.

This document does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any of ferto purchase or subscribe

for, any securities in any jurisdiction, nor shall they or any part of them nor the fact of their distribution form the basis of, or be relied on in

connection with, any contract or investment decision in relation thereto.38%

45%15%2%Axel Springer at a glance

May 2018 Company presentation 361%27%13%▪Leading digital classifieds

▪Leading digital publisher in

Europe with unique media brands

▪Successful transformation with

80%1 of adj. EBITDA from digital

▪Organic growth supported by

targeted M&A with strong track

▪Strong FCF, high dividend yield

and payout ratio (2017: 77%)Highlights

FinancialsRevenues by segment1 Adj. EBITDA by segment1,2

1) Based on Q1/18 figures. 2)Negative EBITDA S/H allocated proportionally to operative segments. 3)Adj. for effects from IFRS 16, consolidation and FX effects .Classifieds Media

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