Düsseldorf / Paris, June 27, 2007 — Shearman & Sterling advises Axel Springer AG on the acquisition of a 41.4% stake in auFeminin.com, the leading European internet portal for women, to be followed by a mandatory takeover offer for all remaining outstanding shares.

The closing of the transaction is subject to the approval of the Federal Cartel Office and is expected for the end of July 2007.

The following attorneys advise Axel Springer AG: Hans Diekmann (partner, Corporate/M&A, Düsseldorf), Andreas Merkner (associate, Corporate/M&A, Düsseldorf), Jan Schapmann (associate, Corporate/M&A, Düsseldorf), Reinhard F. Stockum (partner, Tax, Düsseldorf), Alexander Remplik (associate, Tax, Düsseldorf), Hans Jürgen Meyer-Lindemann (partner, Antitrust, Düsseldorf), Christian Guilluy (of counsel, Corporate/M&A, Paris), Guillaume Isautier (associate, Corporate/M&A, Paris) and Christophe Delrieu (associate, Tax, Paris).