IPO of Ströer: Greenshoe option partially exercised

As stabilization manager for the IPO of Ströer Outof-Home Media AG ("Ströer"), Morgan Stanley partially exercised today the Greenshoe option, which was granted in the IPO, in its own name and for the account of all underwriting banks. 640,000 of the 1,790,624 available shares placed by overallotments will remain in the market. The shares required to redeem the securities loan on which the overallotment was based are to be created with an increase in share capital from authorized capital.

The gross proceeds for Ströer generated by the share capital increase resulting from the exercise of the Greenshoe option are expected to amount to € 12.8 million. The free float after the partial exercise of the Greenshoe option is expected to reach approximately 43.4 per cent.

Disclaimer

This ad hoc release does not constitute an offer for the sale of securities in the United States of America, Canada, Australia, Japan or in any other jurisdiction in which an offer is subject to legal restrictions. The securities named in this ad hoc release may be sold or offered for sale in the United States of America only with prior registration under the provisions of the U.S. Securities Act of 1933 ("Securities Act"), as amended, or in the absence of prior registration only on the basis of an exemption. Subject to certain exemptions in accordance with the Securities Act, the securities named in this announcement may not be sold or offered for sale in Australia, Canada or Japan or for the account of Australian, Canadian or Japanese residents. There is no registration of the offer or the sale of the securities named in this announcement according to the respective legal requirements of Canada, Australia and Japan. There will be no public offer of securities in the United States of America.

The information contained in this ad hoc release is not intended for distribution, publication or disclosure in or within the United States of America, Canada, Australia or Japan.

This ad hoc release is solely for advertising purposes and does not constitute a prospectus. Interested investors should make their investment decision in regard to the securities named in this announcement solely on the basis of information in a prospectus published by the company in connection with this offer and approved by the German Federal Financial Supervisory Authority (BaFin). This securities prospectus is available free of charge from Ströer Outof-Home Media AG (Ströer Allee 1, 50999 Cologne, Germany) or on the website www.stroeer.com.

This ad hoc release contains forwardlooking statements based on current assessments and assumptions made by the management of Ströer Outof-Home Media AG according to the best information available. Forwardlooking statements are subject to known and unknown risks, uncertainties and other factors that can lead to the results of operations, profitability, performance or the profits of Ströer Outof-Home Media AG deviating significantly from the results of operations, profitability, performance or the profits as expressly described in these forwardlooking statements or to be implicitly assumed from them. In view of these risks, uncertainties and other factors, the recipient of these materials should not place undue reliance on these forwardlooking statements. Ströer Outof-Home Media AG undertakes no obligation to update these forwardlooking statements and to conform them to future events and developments.