To the best of our knowledge we certify that, in accordance with the applicable reporting principles, the Consolidated Financial Statements give a true and fair view of profit or loss, the financial position and the assets and liabilities of the Group, and the Combined Management Report of the Group includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group.

Unterfoehring, February 20, 2018

Thomas Ebeling, CEO (Signature)

Thomas Ebeling
Chief Executive Officer (Group CEO)

Sabine Eckhardt, Member of the Executive Board for Sales & Marketing (Signature)

Sabine Eckhardt
Member of the Executive Board, Chief Commercial Officer Entertainment (CCO)

Dr. Jan Kemper, CFO; Member of the Executive Board for Commerce (Signature)

Dr. Jan Kemper
Chief Financial Officer (Group CFO)

Jan David Frouman, Member of the Executive Board for Content Production & Global Sales; CEO & Chairman of Red Arrow Studios (Signature)

Jan David Frouman
Member of the Executive Board, Content Production & Global Sales

Conrad Albert, Deputy CEO; Group General Counsel (Signature)

Conrad Albert
Deputy Group CEO, Group General Counsel

Christof Wahl, Chief Operating Officer (Signature)

Christof Wahl
Member of the Executive Board, Chief Operating Officer Entertainment (COO)