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Opinion

In our opinion, the accompanying consolidated financial statements present fairly, in all

material respects, the consolidated equity and consolidated financial position of Atresmedia

Corporación de Medios de Comunicación, S.A. and Subsidiaries as at 31 December 2014,

and their consolidated results and their consolidated cash flows for the year then ended in

accordance with International Financial Reporting Standards as adopted by the European

Union and the other provisions of the regulatory financial reporting framework applicable to

the Group in Spain.

Report on Other Legal and Regulatory Requirements

The accompanying consolidated directors’ report for 2014 contains the explanations which

the Parent’s directors consider appropriate about the situation of Atresmedia Corporación de

Medios de Comunicación, S.A. and Subsidiaries, the evolution of their business and other

matters, but is not an integral part of the consolidated financial statements. We have checked

that the accounting information in the consolidated directors' report is consistent with that

contained in the consolidated financial statements for 2014. Our work as auditors was

confined to checking the consolidated directors’ report with the aforementioned scope, and

did not include a review of any information other than that drawn from the accounting

records of Atresmedia Corporación de Medios de Comunicación, S.A. and Subsidiaries.

DELOITTE, S.L.

Inscribed in R.O.A.C. nº S0692

Jesús Mota Robledo

February, 25 2014