Press release

Statement by Bertelsmann AG on speculations about a change in chairmanship of the Gruner + Jahr supervisory board

Guetersloh (ots) -

As of November 1, 2000, Gerd Schulte-Hillen was
appointed to the Gruner + Jahr supervisory board for a period of five
years, and appointed its chairman.

In March 2002, as part of the discussion at the time concerning a
possible IPO by Bertelsmann AG, Gerd Schulte-Hillen offered to cede
his Gruner + Jahr supervisory board mandate in the interest of
exemplary corporate governance (to avoid a dual mandate in the
parent/ subsidiary). At the appropriate time, Gerd Schulte-Hillen and
Gunter Thielen will decide on this matter in discourse with the
Gruner + Jahr shareholders. Gerd Schulte-Hillen is also Chairman of
the Bertelsmann AG Supervisory Board.

For further questions, please contact:

Oliver Herrgesell
Senior Vice President Media Relations
Phone: +49 - 5241 - 80-24 66
oliver.herrgesell@bertelsmann.com

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