To the best of our knowledge, and in accordance with the applicable reporting principles, the consolidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the Group Management Report 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.

Gütersloh, March 11, 2014

Bertelsmannn SE & Co. KGaA,
Represented by:
Bertelsmann Management SE, the personally liable partner
The Executive Board

Dr. Thomas Rabe
Achim Berg
Markus Dohle
Dr. Judith Hartmann
Anke Schäferkordt