North Media — Earnings Release 2014

Aug 7, 2014

7 August 2014

Company announcement no. 06-14

No Ads+ is warmly received by consumers. On-schedule execution of strategic
measures – expectations for the Group’s financial performance for 2014 are
maintained

EBIT before special items of DKK 27 million was realised for H1 2014.
Developments in the year’s first six months match Management's expectations,
for which reason Group EBIT before special items is still expected to range
between DKK 50 million and DKK 75 million for 2014.

”In the first half of 2014 we continued our efforts to create several strong
and profitable business pillars based on firm execution of our strategic key
focus areas. We have successfully implemented the roll-out of No Ads+,
integrated eight acquired local newspapers and reduced the loss of the Online
segment. This means that, in a highly pressured distribution and ad market
characterised by major structural changes, we’ve maintained our activity and
earnings level and enhanced our financial resources,” says Lars Nymann
Andersen, Chief Executive Officer of North Media.

”I’m very pleased to ascertain that we are on the right track. Our tight focus
on developing the business activities, improving efficiency and securing our
manoeuvrability has handed us the desired results and paves the way for
continually boosting our competitiveness and reaching our goals", Lars Nymann
Andersen rounds off.

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

Yours faithfully
North Media A/S

Lars Nymann Andersen
Chief Executive Officer