North Media

AGM Information • Mar 28, 2014

28 March 2014
Company announcement no 04-14

The Annual General Meeting was held in accordance with the agenda issued.

The management commentary was presented and the Annual Report for 2013 was
adopted.

Lars Nymann Andersen, CEO, expressed his content that 2013 had seen improved
earnings in both the newspaper and online activities. A considerable decline in
the earnings of FK Distribution meant, however, that the Group’s aggregate
revenue and financial performance for 2013 were lower than that for 2012.

The Group's revenue stands at DKK 1,062 million for 2013 which is 4% down on
2012.Group EBIT before special items for 2013 amounts to DKK 63.4 million
compared to the DKK 100.5 million achieved in 2012.

In the management commentary, Lars Nymann Andersen, stated that the financial
performance for 2013 proved much better than expected at the beginning of the
year and on that basis is satisfactory. In 2014, Group EBIT before special
items is expected to be on a par with 2013.

At 31 December 2013, the Group’s net interest-bearing debt is DKK 5.0 million.

Cash flows from operating activities for 2013 were DKK 81 million compared to
DKK 91 million in 2012.The reduced cash flows are attributable to the reduced
operating profit, but are partially cancelled out by a reduced tax payment.

The Board of Directors and the Executive Board consider solid financial
resources to be a key strategic strength in the current changeable market with
a view to achieving the objective of a group relying on several profitable
pillars and generating stable, high earnings.

On this basis, Lars Nymann Andersen, stated at the Annual General Meeting that
the Board of Directors recommends not paying dividend for the 2013 financial
year.

The Annual General Meeting granted discharge to the Board of Directors and the
Executive Board and approved the proposed distribution of profit for the year
as disclosed in the Annual Report, including the Board of Directors’
recommendation not to distribute dividend.

Richard Bunck, Peter Rasztar, Steen Gede and Ulrik Holsted-Sandgreen were
re-elected to the Board of Directors. The Board of Directors is now made up of
Richard Bunck, Peter Rasztar, Steen Gede and Ulrik Holsted-Sandgreen.

Immediately after the Annual General Meeting, the Board of Directors elected
Richard Bunck as Chairman and Peter Rasztar as Vice-Chairman.

As proposed by the Board of Directors, Deloitte Statsautoriseret
Revisionspartnerselskab was re-appointed as company auditor.

Please contact Lars Nymann Andersen, CEO, at +45 39 57 70 00 for further
information.

Yours faithfully
North Media A/S

Richard Bunck
Chairman of the Board of Directors

The Danish text shall be the governing text for all purposes and in case of any
discrepancy the Danish wording shall be applicable.