SBS Shareholders Approve Proposed Acquisition by Permira and KKR

Share Name	Share Symbol	Market	Type
Sbs Broadcasting SA (MM)	NASDAQ:SBTV	NASDAQ	Common Stock

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Sbs Broadcasting SA (MM)

NASDAQ:SBTV

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SBS Shareholders Approve Proposed Acquisition by Permira and KKR

03/10/2005 10:37am

PR Newswire (US)

SBS (NASDAQ:SBTV)
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LUXEMBOURG, Oct. 3 /PRNewswire-FirstCall/ -- SBS Broadcasting S.A. (Nasdaq: SBTV; Euronext Amsterdam N.V.: SBS) announces that the proposed acquisition of SBS's business by an entity controlled by funds advised by two leading private equity firms, Permira and KKR, was approved by its shareholders at the extraordinary general meeting of SBS's shareholders held today in Luxembourg. SBS's shareholders also approved the related resolutions set out in the Shareholders Circular that was distributed on September 1, 2005 in relation to the transaction. SBS expects that the closing for the transaction will occur in the second half of October 2005, following the satisfaction or waiver of the remaining conditions precedent included in the Sale and Purchase Agreement for the transaction, and that the distribution to shareholders of sale proceeds and related amounts and payments to option holders will occur shortly thereafter. The remaining conditions precedent, which are described in the Shareholders Circular, include receipt of competition clearance from the European Commission. SBS plans to announce when the remaining conditions precedent have been satisfied or waived and the closing date has been established. Forward-Looking Statements The statements in this press release regarding the expected timing for the closing of the transaction, the distribution of sale proceeds and related amounts to shareholders, and payments to option holders are forward-looking. Forward-looking statements are by their nature uncertain and the actual timing for these events may differ. For information regarding factors that could affect the closing of the transaction, the distribution to shareholders and payments to option holders, please see the Shareholders Circular, which is available on SBS's website at http://www.sbsbroadcasting.com/. About SBS Broadcasting S.A. SBS is a European commercial television and radio broadcasting company with operations in Western and Central Europe. Countries where SBS currently has broadcasting assets include: Belgium (Flanders), Denmark, Finland, Greece, Hungary, The Netherlands, Norway, Romania and Sweden. For further information visit: http://www.sbsbroadcasting.com/ DATASOURCE: SBTV CONTACT: Investors - Michael Smargiassi or Jon Lesko, both of Brainerd Communicators, +1-212-986-6667; Press - Jeff Pryor of Pryor & Associates, +1-818-338-3555, mobile: +1-818-730-0770, all for SBS Broadcasting S.A. Web site: http://www.sbsbroadcasting.com/

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