Deal EDM

Deal:

David,

These are super confidential numbers / info.

Proposed Transaction:

• Endemol, equity owned by Goldman & Berlusconi & Cyrte, defaulted on debt, equity worthless

• Total debt €1.8bn outstanding

• EV approx. €1.1bn; 6.4x-6.1x FYE 2012 EBITDA of €170mil - €180mil (2011 €164mil)

• Cyrte (institutional fund set up by Endemol founder John de Mol, now only minor holding in Cyrte) buying senior debt -

(Debt acquisition only possible on inter-creditor basis)

• o Holds 22% of senior

■Loan to value 20%

• o Secured / Buying additional 18% of senior from Barclays

• With 40% negative control

• o [ ] In negotiations to buy additional 27% for full control

• Held by banks, Goldman, Apollo

• Depending on negotiations (ongoing) €100mil — 200mi1price tag

• INVESTOR to join forces with Cyrte, inject €100mil - €200mi1 to buy up to control level (67%)

• Follow on consolidation acquisitions lined up in industry

• Exit in 2 – 3 years

http://www.endemol.com/

EFTA_R1_00492346

EFTA01997190