EQUITY INVESTMENTS 262 Fully consolidated companies COMPANY NAME Corporate Functions and Other Activities - Corporate division GFT NET S.r.l. in liquidation RCS Investimenti S.p.A. RCS International Newspapers B.V. RCS Factor S.r.l. in liquidation REGISTERED OFFICE BUSINESS SEGMENT CURRENCY SHARE/QUOTA CAPITAL % consolidated by Group HELD BY % held directly Milan Milan Apparel Finance EUR EUR 100.000,00 39.129.066,00 100,00 RCS MediaGroup S.p.A. 99,69 RCS MediaGroup S.p.A. 100,00 99,69 Amsterdam Publishing EUR 6.250.000,00 100,00 RCS Mediagroup S.p.A. 100,00 Milan Factoring EUR 100.000,00 90,00 RCS MediaGroup S.p.A. 90,00 Barcelona Publishing Corporate Functions and Other Activities - Childhood Verticals Feria Bebe S.L. 60,00 Sfera Editores Espana S.L. 60,00 Rizzoli Sfera International Advertising (Beijing) Co. Ltd. Beijing Publishing EUR 2.575.000,00 95,00 RCS Mediagroup S.p.A. 95,00 Rizzoli Sfera International Convention & Exhibition (Beijing) Co. Ltd. Beijing Publishing RMB EUR 5.000.000,00 10.000,00 85,50 Rizzoli Sfera International Advertising (Beijing) Co. Ltd. 90,00 Rizzoli (Shanghai) Advertising Co. Ltd Shanghai Publishing RMB 500.000,00 Sfera Direct S.L. Barcelona Publishing EUR 3.006,00 Milan Services EUR Barcelona Publishing Sfera Service S.r.l. Sfera Editores Espana S.L. Sfera Editores Mexico S.A. Colonia Anzures Publishing/Services 98,80 Rizzoli Sfera International Advertising (Beijing) Co. Ltd.1 00,00 100,00 Sfera Editores Espana S.L. 100,00 52.000,00 100,00 RCS Mediagroup S.p.A. 100,00 EUR 174.000,00 100,00 RCS Mediagroup S.p.A. 100,00 MXN 8.807.100,00 100,00 RCS Mediagroup S.p.A. Sfera France SAS Paris Publishing EUR 240.000,00 Planet Sfera S.r.l. Milan Services EUR 40.000,00 99,99 Sfera Service S.r.l. 0,001 66,70 Sfera Editores Espana S.L. 66,70 51,00 Sfera Service S.r.l. 51,00 Corporate Functions and Other Activities - Digital Activities MyBeautyBox S.r.l. Milan Multimedia EUR 10.000,00 RCS Digital Ventures s.r.l. Milan Multimedia EUR 118.000,00 60,00 RCS Digital Ventures s.r.l. 60,00 Blei S.r.l. in liquidation Milan Advertising EUR 1.548.000,00 Consorzio Milano Marathon S.r.l. Milan Services EUR 20.000,00 RCS Sport S.p.A. Milan Services EUR 100.000,00 Società Sportiva Dilettantistica RCS Active Team–SSD RCS AT a r.l. Milan Services EUR 10.000,00 100,00 RCS Sport S.p.A. 100,00 New York Services USD 150.000,00 100,00 RCS Sport S.p.A. 100,00 Dubai Services EUR 100.000,00 100,00 RCS Sport S.p.A. 100,00 Milan Publishing EUR 1.002.000,00 100,00 RCS Mediagroup S.p.A. 100,00 Florence Publishing EUR 1.000.000,00 50,09 RCS Mediagroup S.p.A. 50,09 100,00 RCS Mediagroup S.p.A. 100,00 Advertising and Events RCS Sport USA Inc. RCS Sports and Events DMCC 100,00 RCS Mediagroup S.p.A. 100,00 100,00 RCS Sport S.p.A. 100,00 100,00 RCS Mediagroup S.p.A. 100,00 Media ITALY - Newspapers division RCS Edizioni Locali S.r.l (formerly Editoriale Corriere di Bologna S.r.l.) Editoriale Fiorentina S.r.l. Editoriale Del Mezzogiorno S.r.l. Naples Publishing EUR 1.000.000,00 100,00 RCS Mediagroup S.p.A. 100,00 Editoriale Veneto S.r.l. Padua Publishing EUR 1.840.000,00 51,00 RCS Mediagroup S.p.A. 51,00 RCS Gaming Srl Milan Multimedia EUR 10.000,00 100,00 RCS MediaGroup S.p.A. 100,00 RCS Produzioni S.p.A. Rome Production EUR 1.000.000,00 100,00 RCS MediaGroup S.p.A. 100,00 RCS Produzioni Milano S.p.A. Milan Production EUR 1.000.000,00 100,00 RCS MediaGroup S.p.A. 100,00 RCS Produzioni Padova S.p.A. Milan Production EUR 500.000,00 100,00 RCS Mediagroup S.p.A. 100,00 Trovolavoro S.r.l. Milan Advertising EUR 674.410,00 100,00 RCS Mediagroup S.p.A. 100,00 263 Fully consolidated companies (cont.) COMPANY NAME REGISTERED OFFICE BUSINESS SEGMENT CURRENCY Milan Publishing EUR SHARE/QUOTA CAPITAL % consolidated by Group HELD BY % held directly Media ITALY - Other division Redazione Contenuti Digitali S.r.l. 100.000,00 100,00 RCS MediaGroup S.p.A. 100,00 Media ITALY - Verticals division Hotelyo S.A. Chiasso Digital CHF 100.000,00 51,00 RCS Mediagroup S.p.A. 51,00 Rizzoli (Beijing) Advertising Co. Ltd Beijing Publishing EUR 2.500.000,00 98,80 RCS Mediagroup S.p.A. 98,80 Media ITALY - Television Activities Canali Digitali S.r.l. (in liquidation) Milan Television EUR 12.750,00 99,20 RCS Mediagroup S.p.A. 99,20 Digicast S.p.A. Milan Television EUR 211.560,00 100,00 RCS MediaGroup S.p.A. 100,00 Digital Factory S.r.l. Milan Television EUR 500.000,00 100,00 Digicast S.p.A. Sailing Channel S.r.l. (in liquidation) Milan Television EUR 100.000,00 100,00 RCS Mediagroup S.p.A. 100,00 Seasons S.r.l. (in liquidation) Milan Television EUR 12.750,00 100,00 RCS Mediagroup S.p.A. 100,00 Lisbon Radio EUR 60,00 Media SPAIN Baobad - Comunicações e Publicações S.A. 60.200,00 99,91 Unidad Editorial S.A. Unedisa Comunicaciones S.L.U. Unidad Editorial Informaciòn General S.L.U. Unidad Editorial Informaciòn Economica S.L.U. Canal Mundo Producciones Audiovisuales de Levante S.L. (in liquidation) Valencia Canal Mundo Radio Cataluna S.L. Barcelona Television EUR 6.000,00 99,91 Unedisa Telecomunicaciones S.L.U. Radio EUR 3.010,00 Corporación Radiofónica Informacion y Deporte S.L.U. Madrid Radio EUR 900.120,00 99,91 Unedisa Comunicaciones S.L.U. Ediciones Cónica S.A. Madrid Publishing EUR 432.720,00 99,31 Unidad Editorial S.A. Ediservicios Madrid 2000 S.L.U. Editora De Medios De Valencia, Alicante Y Castellon S.A. 99,90 Unidad Editorial S.A. Madrid Publishing EUR 601.000,00 99,91 Unidad Editorial Revistas S.L.U. Valencia Publishing EUR 429.000,00 65,43 Unidad Editorial Informaciòn General S.L.U. A Esfera dos Livros S.L.U. Lisbon Publishing EUR 5.000,00 La Esfera de los Libros S.L. Madrid Publishing EUR 48.000,00 Información Estadio Deportivo S.A. Seville Publishing EUR 154.339,91 Last Lap S.L. Madrid Services EUR 6.010,00 Last Lap Organiçao de eventos S.L. Lisbon Services EUR 30.000,00 Logintegral 2000 S.A.U. Madrid Distribution EUR 500.000,00 99,91 Unidad Editorial S.A. 74,93 La Esfera de los Libros S.L. 74,93 Unidad Editorial S.A. 0,025 0,025 100,00 99,99 100,00 99,40 100,00 65,49 100,00 75,00 84,89 Unidad Editorial Informaciòn Deportiva S.L.U. 84,97 99,91 Unidad Editorial Informaciòn Deportiva S.L.U. 100,00 99,91 Last Lap S.L. Unidad Editorial Informaciòn Deportiva S.L.U. Rey Sol S.A. 99,90 0,050 99,67 0,33 100,00 Palma de Mallorca Publishing EUR 68.802,00 66,61 Unidad Editorial S.A. 66,67 Unedisa Comunicaciones S.L.U. Madrid Multimedia EUR 610.000,00 99,91 Unidad Editorial S.A. 100,00 Unedisa Telecomunicaciones S.L.U. Madrid Multimedia EUR 1.100.000,00 99,91 Unidad Editorial S.A. 100,00 Unedisa Telecomunicaciones de Levante S.L. Valencia Multimedia EUR 3.010,00 51,11 Unedisa Telecomunicaciones S.L.U. Unidad Editorial S.A. Madrid Publishing EUR 125.896.898,00 99,91 RCS International Newspapers B.V. RCS Investimenti S.p.A. Unidad Liberal Radio S.L. Madrid Multimedia EUR 10.000,00 54,95 Unidad Editorial S.A. 51,16 73,75 26,24 55,00 Unidad de Medios Digitales S.L. Madrid Advertising EUR 3.000,00 49,95 Unidad Editorial S.A. 50,00 Unidad Editorial Informaciòn Deportiva S.L.U. Madrid Multimedia EUR 4.423.043,43 99,91 Unidad Editorial S.A. 100,00 Unidad Editorial Informaciòn Economica S.L.U. Madrid Publishing EUR 102.120,00 99,91 Unidad Editorial S.A. 100,00 Unidad Editorial Formacion S.L.U. Madrid Television EUR 1.693.000,00 Unidad Editorial Informaciòn General S.L.U. Madrid Publishing EUR Unidad Editorial Juegos S.A. Unidad Editorial Información Regional S.A. (formerly Editora de Medios de Castilla y Leon) Madrid Multimedia Publishing EUR EUR Madrid 99,91 Unedisa Telecomunicaciones S.L.U. 100,00 102.120,00 99,91 Unidad Editorial S.A. 100,00 100.000,00 4.109.508,00 99,91 Unidad Editorial S.A. 98,07 Unidad Editorial S.A. 100,00 94,03 Unidad Editorial Informaciòn General S.L.U. 4,12 Unidad Editorial Revistas S.L.U. Madrid Publishing EUR 1.195.920,00 99,91 Unidad Editorial S.A. 100,00 Veo Television S.A. Madrid Television EUR 27.328.752,00 99,91 Unidad Editorial S.A. 100,00 264 Equity-accounted investees COMPANY NAME Corporate Functions and Other Activities - Corporate division Inimm Due S.à.r.l. RCS International Advertising B.V. REGISTERED OFFICE BUSINESS SEGMENT CURRENCY SHARE/QUOTA CAPITAL HELD BY Luxembourg Real Estate EUR 240.950,00 RCS MediaGroup S.p.A. 20,00 Amsterdam Advertising EUR 5.000.000,00 RCS Mediagroup S.p.A. 51,00 Turin Digital EUR % held directly Corporate Functions and Other Activities - Digital Activities Quibee S.r.l. 14.285,71 RCS Digital Ventures s.r.l. 30,00 Corporate Functions and Other Activities - Childhood Verticals Planet Sfera SL Beijing Gehua-Rizzoli Design Communication Co.,Ltd Barcelona Services EUR Beijing Services RMB Milan Advertising EUR 40.000,00 Sfera Editores Espana S.L. 5.000.000,00 Rizzoli Sfera International Advertising (Beijing) Co. Ltd. 50,00 30,00 Advertising and Events Gold 5 S.r.l. 250.000,00 RCS MediaGroup S.p.A. 20,00 103.291,00 M-Dis Distribuzione Media S.p.A. Media ITALY - Distribution division Consorzio C.S.I.E.D. Milan Liguria press S.r.l. (former GE-dis S.r.l.) Genoa Distribution EUR 240.000,00 M-Dis Distribuzione Media S.p.A. 20,00 40,00 GD Media Service S.r.l. (former Mach2 Press S.r.l.) Milan Distribution Distribution EUR EUR 789.474,00 M-Dis Distribuzione Media S.p.A. 24,00 M-Dis Distribuzione Media S.p.A. Milan Distribution EUR MDM Milano Distribuzione Media S.r.l. Milan Distribution EUR 611.765,00 M-Dis Distribuzione Media S.p.A. 51,00 Pieroni Distribuzione S.r.l. Milan Distribution EUR 750.000,00 M-Dis Distribuzione Media S.p.A. 51,00 TO-dis S.r.l. Milan Distribution EUR 510.000,00 M-Dis Distribuzione Media S.p.A. 55,00 Trento Press Service S.r.l. Trento Distribution EUR 260.000,00 M-Dis Distribuzione Media S.p.A. 36,92 6.392.727,00 RCS MediaGroup S.p.A. 45,00 Media SPAIN Corporacion Bermont S.L. Bermont Catalonia S.a. Bermont Impresion S.L. Calprint S.L. Madrid Printing EUR Barcelona Printing EUR Madrid Printing Valladolid Printing 21.003.100,00 Unidad Editorial S.A. 100,00 EUR 321.850,00 Corporacion Bermont S.L. 100,00 EUR 1.856.880,00 Corporacion Bermont S.L. Ediciones Globaliza, S.L. Madrid Internet EUR 69.184,00 Unidad Editorial Informacion General S.L.U. Escuela de Cocina Telva S.L. Madrid Training EUR 61.000,00 Ediciones Cónica S.A. Fabripress S.A.U. Madrid Publishing EUR Impresiones y distribuciones de Prensa Europea S.A. Madrid Printing Lagar S.A. Madrid Printing EUR 60.101,21 Corporacion Bermont S.L. 100,00 EUR 150.253,03 Corporacion Bermont S.L. 60,00 Madrid Multimedia EUR Newsprint Impresion Digital S.L. Tenerife Printing EUR Santa Maria del Cami Printing EUR Barcelona Radio EUR Madrid Printing EUR Recoprint Dos Hermanas S.L.U. Recoprint Güimar S.L.U. Madrid Printing 50,00 100,00 Madrid Deportes y Espectáculos S.A. Radio Salud S.A. 39,58 21,57 961.600,00 Corporacion Bermont S.L. Bermont Impresion S.L. Omniprint S.A. 37,00 60.101,21 Corporacion Bermont S.L. EUR 600.000,00 Unidad Editorial Informaciòn Deportiva S.L.U. 93.000,00 TF Print S.A. 2.790.000,00 Corporacion Bermont S.L. 200.782,08 Unedisa Comunicaciones S.L.U. 40,00 30,00 50,00 100,00 30,00 2.052.330,00 Corporacion Bermont S.L. 100,00 1.365.140,00 Corporacion Bermont S.L. 100,00 Recoprint Impresiòn S.L.U. Madrid Printing EUR 3.010,00 Corporacion Bermont S.L. 100,00 Recoprint Pinto S.L.U. Madrid Printing EUR 3.652.240,00 Corporacion Bermont S.L. 100,00 Recoprint Rábade S.L.U. Madrid Printing EUR 1.550.010,00 Corporacion Bermont S.L. 100,00 Recoprint Sagunto S.L.U. Madrid Printing EUR 2.281.920,00 Corporacion Bermont S.L. 100,00 Suscribe S.L. Palma de Mallorca Publishing EUR 300.000,00 Logintegral 2000 S.A.U. TF Press S.L. Santa Cruz de Tenerife Printing EUR 3.005,06 Corporacion Bermont S.L. 22,50 100,00 TF Print S.A. Santa Cruz de Tenerife Printing EUR 1.382.327,84 Corporacion Bermont S.L. 75,00 Madrid Multimedia EUR Bermont Impresion S.L. Unidad Liberal Radio Madrid S.L. 10.000,00 Unidad Editorial S.A. Libertad Digital S.A. 25,00 45,00 55,00 265 Available-for-sale companies COMPANY NAME Corporate Functions and Other Activities - Corporate division Ansa Società Cooperativa Cefriel S.c.a.r.l Consuledit S.c.a.r.l. (in liquidation) Emittenti Titoli S.p.A. H-Farm Ventures S.p.A. REGISTERED OFFICE BUSINESS SEGMENT Rome Milan Milan Milan Publishing Research Publishing Finance CURRENCY SHARE/QUOTA CAPITAL HELD BY % held directly EUR EUR EUR EUR 11.305.852,00 RCS Mediagroup S.p.A. 1.057.797,70 RCS Mediagroup S.p.A. 20.000,00 RCS Mediagroup S.p.A. 4.264.000,00 RCS MediaGroup S.p.A 3,13 5,46 19,55 1,35 1,46 Roncade (TV) Services EUR Immobiliare Editori Giornali S.r.l. Rome Publishing EUR 5.003.000,00 RCS MediaGroup S.p.A 830.462,00 RCS MediaGroup S.p.A Istituto Europeo di Oncologia S.r.l. Milan Scientific research EUR 80.579.007,00 RCS MediaGroup S.p.A 7,49 5,08 ItaliaCamp S.r.l. Rome Services EUR 10.000,00 RCS MediaGroup S.p.A 3,00 SAS Mode et Finance Paris Apparel EUR 6.965.714,00 RCS MediaGroup S.p.A 4,62 Calenzano (FI) Distribution EUR 1.000.000,00 M-Dis Distribuzione Media S.p.A. 5,00 3.409.247,00 RCS Digital Ventures s.r.l. 26.718,00 RCS Digital Ventures s.r.l. 0,86 Corporate Functions and Other Activities - Distribution division Giorgio Giorgi Srl Corporate Functions and Other Activities - Digital Activities Digital Magics S.p.A. Milan Multimedia EUR Mperience S.r.l. Rome Digital EUR Trova La Zampa s.r.l Milan Digital EUR Webentually S.r.l. Brescia Digital Crowborough Digital Yoodeal Ltd 2,00 EUR 10.000,00 RCS Digital Ventures s.r.l. 10.000,00 RCS Digital Ventures s.r.l. 15,00 EUR 3.500.000,00 RCS Digital Ventures s.r.l. 2,00 EUR 5,00 Media ITALY - Newspapers division Consorzio Edicola Italiana Montegrotto Terme (PD) Digital EUR 60.000,00 RCS Mediagroup S.p.A. 10.000,00 RCS Mediagroup S.p.A. Milan Advertising EUR 19.425,77 RCS Mediagroup S.p.A. Milan Onering S.r.l. (in liquidation) Premium Pubblisher Network (Consortium) Digital 16,66 15,00 20,51 Media SPAIN Publishing EUR Barcelona Radio EUR Libertad Digital S.A. Cronos Producciones Multimedia S.L.U. Madrid Multimedia EUR Libertad Digital Publicidad y Marketing S.L.U Madrid Advertising EUR 3.010,00 Libertad Digital S.A. 100,00 2.600.000,00 Libertad Digital S.A. 99,66 Digicat Sis S.L. Libertad Digital Television S.A. Madrid Madrid 3.010,00 Libertad Digital Television S.A. 3.200,00 Radio Salud S.A. 100,00 25,00 2.582.440,00 Unidad Editorial S.A. 1,16 Television EUR Medios de Azahar S.A. Castellon Services EUR Palacio del Hielo S.A. Madrid Multimedia EUR 1.617.837,91 Unidad Editorial S.A. 8,53 Wouzee Media SL Madrid Multimedia EUR 14.075,00 Unidad Editorial S.A. 10,00 Milan Services EUR 11.111,11 RCS Sport S.p.A. 10,00 500.500,00 Editora De Medios De Valencia, Alicante Y Castellon S.A. 6,50 Advertising and Events The Gira s.r.l. Companies held for sale REGISTERED OFFICE BUSINESS SEGMENT Librerie Rizzoli S.r.l. Milan Commerce EUR 500.000,00 RCS Libri S.p.A. Marsilio Editori S.p.A. Venice Publishing EUR 1.300.000,00 RCS Libri S.p.A. 51,00 Amsterdam Publishing EUR 500.000,00 RCS Libri S.p.A. 100,00 COMPANY NAME CURRENCY SHARE/QUOTA CAPITAL HELD BY % held directly BOOKS RCS International Books B.V. RCS Libri S.p.A. 100,00 Milan Publishing EUR 42.405.000,00 RCS MediaGroup S.p.A. Rizzoli International Publications Inc. New York Publishing USD 26.900.000,00 RCS International Books B.V. Rizzoli Bookstores Inc. New York Publishing USD 3.498.900,00 Rizzoli International Publications Inc. Civita Tre Venezie S.r.l. Venice Museum EUR 1.014.000,00 Marsilio Editori S.p.A. Consorzio Scuola Digitale Milan Multimedia EUR 40.000,00 RCS Libri S.p.A. 25,00 600.000,00 RCS Libri S.p.A. 646.250,00 RCS Libri S.p.A. 33,33 29,10 Edigita S.r.l. Mach 2 Libri S.p.A. Skira Rizzoli Publications Inc Milan Multimedia EUR Peschiera B. Publishing EUR 1.000,00 Rizzoli International Publications Inc. (1) 99.99 100,00 100,00 24,50 New York Publishing USD Venezia Accademia Società per i Servizi Museali S.c.a.r.l. Mestre Services EUR 10.000,00 Marsilio Editori S.p.A. 49,00 25,00 SCP S.c.a.r.l. Mestre Services EUR Venezia Musei società per i servizi Museali S.c.a.r.l. (in liquidation) Mestre Services EUR 111.975,00 Marsilio Editori S.p.A. 10.000,00 Marsilio Editori S.p.A. 17,00 Casa Editrice Marietti S.p.A. Genoa Publishing EUR 300.000,00 RCS Libri S.p.A. 8,93 0,02 Note (1) Percentage refers to total share capital. Share of ordinary capital held: 100%. 266