LIST OF THE CONSOLIDATED SUBSIDIARY COMPANIES AND COMPANIES INCLUDED USING THE EQUITY METHOD

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1 Nr CONSO 41 LIST O THE CONSOLIDATED SUBSIDIARY COMANIES AND COMANIES INCLUDED USING THE NAME, full address of the REGISTERED OICE and for the enterprise (//E1/// ) (1) De ersgroep ublishing LC Brusselsesteenweg Asse ,00 0,00 Eco rint Center LC Brandstraat Lokeren ,00 0,00 Depefin LC brusselsesteenweg Asse ,00 0,00 Mediafin LC Havenlaan 86c, box aandeelhoudersovereenkomst De ersgroep Nederland BV 1018 LL Amsterdam B01 (1) ull consolidation roportional consolidation (in the first column disclose data proving joint control) E1 Associated enterprise accounted for using the equity (article 134, 1st al,3 of the Royal Decree of 30 january 2001 in implementation of Company Law) method accounts would be incompatible with the principle of a true and fair view(article 108 jo 110 of the aforementioned Royal Decree) carrying on the business (article 109 jo 110 of the aforementioned Royal Decree) joint control (article 134, second al of the aforementioned Royal Decree) accounts, the new method will be followed by an asterisk of these enterprises section 45 (article 112 of the aforementioned Royal Decree) 8/38

2 Nr CONSO 41 LIST O THE CONSOLIDATED SUBSIDIARY COMANIES AND COMANIES INCLUDED USING THE NAME, full address of the REGISTERED OICE and for the enterprise (//E1/// ) (1) Het arool BV 1018 L Amsterdam B01 62,75 0,00 AD Nieuwsmedia BV Delftseplein 27k 3013 AA Rotterdam B01 De ersgroep Distributie BV van de Madeweg BT Amsterdam B01 De ersgroep rinting BV * Van de Madeweg BT Amsterdam B01 0,00-58,50 De ersgroep rinting Amsterdam BV van de Madeweg BT Amsterdam B01 (1) ull consolidation roportional consolidation (in the first column disclose data proving joint control) E1 Associated enterprise accounted for using the equity (article 134, 1st al,3 of the Royal Decree of 30 january 2001 in implementation of Company Law) method accounts would be incompatible with the principle of a true and fair view(article 108 jo 110 of the aforementioned Royal Decree) carrying on the business (article 109 jo 110 of the aforementioned Royal Decree) joint control (article 134, second al of the aforementioned Royal Decree) accounts, the new method will be followed by an asterisk of these enterprises section 45 (article 112 of the aforementioned Royal Decree) 9/38

3 Nr CONSO 41 LIST O THE CONSOLIDATED SUBSIDIARY COMANIES AND COMANIES INCLUDED USING THE NAME, full address of the REGISTERED OICE and for the enterprise (//E1/// ) (1) De ersgroep rinting Den Haag BV Schelde BL Den haag B01 CM Grafisch bedrijf Rotterdam BV * Driemanssteenweg CA Rotterdam B01 0,00-58,50 de Volkskrant Bv 1018 LL Amsterdam B01 Trouw BV 1018 LL Amsterdam B01 VK Banen BV * 1018 LL Amsterdam B01 0,00-58,50 (1) ull consolidation roportional consolidation (in the first column disclose data proving joint control) E1 Associated enterprise accounted for using the equity (article 134, 1st al,3 of the Royal Decree of 30 january 2001 in implementation of Company Law) method accounts would be incompatible with the principle of a true and fair view(article 108 jo 110 of the aforementioned Royal Decree) carrying on the business (article 109 jo 110 of the aforementioned Royal Decree) joint control (article 134, second al of the aforementioned Royal Decree) accounts, the new method will be followed by an asterisk of these enterprises section 45 (article 112 of the aforementioned Royal Decree) 10/38

4 Nr CONSO 41 LIST O THE CONSOLIDATED SUBSIDIARY COMANIES AND COMANIES INCLUDED USING THE NAME, full address of the REGISTERED OICE and for the enterprise (//E1/// ) (1) Medialaan LC aandeelhoudersovereenkomst Q Music Nederland BV aul Van Vlissingenstraat 10D 1096 BK Amsterdam B01 100,00 0,00 Joe M LC aandeelhoudersovereenkomst TV Bastards LC Beringstraat Boortmeerbeek aandeelhoudersovereenkomst (1) ull consolidation roportional consolidation (in the first column disclose data proving joint control) E1 Associated enterprise accounted for using the equity (article 134, 1st al,3 of the Royal Decree of 30 january 2001 in implementation of Company Law) method accounts would be incompatible with the principle of a true and fair view(article 108 jo 110 of the aforementioned Royal Decree) carrying on the business (article 109 jo 110 of the aforementioned Royal Decree) joint control (article 134, second al of the aforementioned Royal Decree) accounts, the new method will be followed by an asterisk of these enterprises section 45 (article 112 of the aforementioned Royal Decree) 11/38

5 Nr CONSO 41 LIST O THE CONSOLIDATED SUBSIDIARY COMANIES AND COMANIES INCLUDED USING THE NAME, full address of the REGISTERED OICE and for the enterprise (//E1/// ) (1) aratel LC * aandeelhoudersovereenkomst 0,00-50,00 Media Ad Infinitum LC aandeelhoudersovereenkomst Vacature CALL Havanlaan 86C, box ,33 0,00 Jobs & Careers CALL Koningstraat ,17 0,00 (1) ull consolidation roportional consolidation (in the first column disclose data proving joint control) E1 Associated enterprise accounted for using the equity (article 134, 1st al,3 of the Royal Decree of 30 january 2001 in implementation of Company Law) method accounts would be incompatible with the principle of a true and fair view(article 108 jo 110 of the aforementioned Royal Decree) carrying on the business (article 109 jo 110 of the aforementioned Royal Decree) joint control (article 134, second al of the aforementioned Royal Decree) accounts, the new method will be followed by an asterisk of these enterprises section 45 (article 112 of the aforementioned Royal Decree) 12/38

6 Nr CONSO 41 LIST O THE CONSOLIDATED SUBSIDIARY COMANIES AND COMANIES INCLUDED USING THE NAME, full address of the REGISTERED OICE and for the enterprise (//E1/// ) (1) Via red LC * Koningstraat aandeelhoudersovereenkomst 0,00-50,00 Regionale TV Media LC Research ark - De haak 1731 Zellik E1 33,33 0,00 Reprocopy CALL aepsemlaan 22, box Brussel E1 35,71 0,00 Mediargus LC elletierstraat Brussel E1 35,71 0,00 Vlaamse Nieuwsmedia CALL aepsemlaan 22, box Brussel E1 31,25 0,00 (1) ull consolidation roportional consolidation (in the first column disclose data proving joint control) E1 Associated enterprise accounted for using the equity (article 134, 1st al,3 of the Royal Decree of 30 january 2001 in implementation of Company Law) method accounts would be incompatible with the principle of a true and fair view(article 108 jo 110 of the aforementioned Royal Decree) carrying on the business (article 109 jo 110 of the aforementioned Royal Decree) joint control (article 134, second al of the aforementioned Royal Decree) accounts, the new method will be followed by an asterisk of these enterprises section 45 (article 112 of the aforementioned Royal Decree) 13/38

7 Nr CONSO 41 LIST O THE CONSOLIDATED SUBSIDIARY COMANIES AND COMANIES INCLUDED USING THE NAME, full address of the REGISTERED OICE and for the enterprise (//E1/// ) (1) Holding Echos LC Havenlaan 86c, box aandeelhoudersovereenkomst VNU Vacature Media BV Mt Lincolnweg SN Amsterdam B01 25,00 0,00 Tweakersnet BV Mt Lincolnweg SN Amsterdam B01 VNU Business ublications Italië Srl Via Caronni Monza Italy Mplus Group LC E1* Medialaan ,00-25,00 (1) ull consolidation roportional consolidation (in the first column disclose data proving joint control) E1 Associated enterprise accounted for using the equity (article 134, 1st al,3 of the Royal Decree of 30 january 2001 in implementation of Company Law) method accounts would be incompatible with the principle of a true and fair view(article 108 jo 110 of the aforementioned Royal Decree) carrying on the business (article 109 jo 110 of the aforementioned Royal Decree) joint control (article 134, second al of the aforementioned Royal Decree) accounts, the new method will be followed by an asterisk of these enterprises section 45 (article 112 of the aforementioned Royal Decree) 14/38

8 Nr CONSO 41 LIST O THE CONSOLIDATED SUBSIDIARY COMANIES AND COMANIES INCLUDED USING THE NAME, full address of the REGISTERED OICE and for the enterprise (//E1/// ) (1) Stievie LC aandeelhoudersovereenkomst de ersgroep Automotive BV Mt Lincolnweg SN Amsterdam B01 (1) ull consolidation roportional consolidation (in the first column disclose data proving joint control) E1 Associated enterprise accounted for using the equity (article 134, 1st al,3 of the Royal Decree of 30 january 2001 in implementation of Company Law) method accounts would be incompatible with the principle of a true and fair view(article 108 jo 110 of the aforementioned Royal Decree) carrying on the business (article 109 jo 110 of the aforementioned Royal Decree) joint control (article 134, second al of the aforementioned Royal Decree) accounts, the new method will be followed by an asterisk of these enterprises section 45 (article 112 of the aforementioned Royal Decree) 15/38

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