CME Ltd. Reports Results for the Second Quarter and Six Months Ended June 30, 2015

SECOND QUARTER

- Net revenues increased 8% at constant rates to US$ 166.8 million -
- OIBDA improved 44% at constant rates to US$ 46.8 million -

SIX MONTHS
- Net revenues increased 8% at constant rates to US$ 293.0 million -
- OIBDA improved 99% at constant rates to US$ 58.3 million -
- Free cash flow grew US$ 53.7 million to US$ 27.1 million -

Net revenues for the second quarter ended June 30, 2015 increased 8% at constant rates to US$ 166.8 million, led by 9% like-for-like growth in our television advertising revenues. OIBDA (as defined below) for the second quarter ended June 30, 2015 improved 44% at constant rates to US$ 46.8 million.

Net revenues for the six months ended June 30, 2015 increased 8% at constant rates to US$ 293.0 million, led by 9% like-for-like growth in our television advertising revenues. OIBDA for the six months ended June 30, 2015 improved 99% at constant rates to US$ 58.3 million. Free cash flow grew US$ 53.7 million to US$ 27.1 million.

Operational and financial highlights:

• Our audience share improved in five out of six countries in both all day and prime time.
• The television advertising markets across the six countries increased 7% in the first half of 2015.
• Our share of the television advertising market increased in five out of six countries in the second quarter of 2015.
• The principal amount outstanding under the 2017 Revolving Credit Facility was fully repaid, reflecting our improved free cash flow generation.
• During the third quarter of 2015 we expect to reverse substantially all of the charges taken in Q4 2014 and Q1 2015 related to the tax audits in Romania that were excluded from OIBDA.
• We took additional steps to reduce our exposure to the impact of exchange rates, including agreeing that any refinancing of our dollar-denominated convertible debt maturing in November 2015 will be with Euro-denominated debt.

Press Release