Bertelsmann successfully places Floating-Rate Note

Bertelsmann AG has launched and priced a EUR 650 million 2-year FRN transaction with a coupon of 3-month Euribor + 10bps. The well oversubscribed transaction was sold to institutional investors in France, Germany, UK, Austria and other European countries. Joint Bookrunners were ABN AMRO, Merrill Lynch and Société Générale Corporate & Investment Banking. The use of proceeds is to prepay a drawdown of the Bertelsmann syndicated bridge facility which matures in 06/2009. The FRN transaction will, hence, not increase economic debt but will reduce Bertelsmann's interest rate expenses. Moody’s and Standard & Poor’s rate Bertelsmann AG Baa1 and BBB+ respectively, both with outlook negative.

Journalists please contact:

Bertelsmann AG

Andreas Grafemeyer

Corporate Communications

Phone: +49 – 52 41 – 80 – 24 66

andreas.grafemeyer@bertelsmann.de

Analysts and investors please contact:

Bertelsmann AG

Roger Schweitzer

Corporate Finance / Treasury

Phone: +49 – 52 41 – 80 – 22 49

roger.schweitzer@bertelsmann.de

Attachment

Name	Size
Anleihe_e_1.pdf	59 kB