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Significant Events in the Current Financial Year

Effective January 1, 2015, the Board-level human resources function was established. Immanuel Hermreck was appointed to the Bertelsmann Executive Board with responsibility for this area.

In April 2015, Bertelsmann placed two hybrid bonds with a total volume of €1.25 billion. Both subordinated bonds, each with a term of 60 years and with redemption options of eight and twelve years respectively, increase the financial flexibility of Bertelsmann in view of the Group’s ongoing strategic transformation.

On May 5, 2015, the General Meeting of Bertelsmann SE & Co. KGaA elected Gigi Levy-Weiss to the company’s Supervisory Board. Hartmut Ostrowski and Lars Rebien Sørensen left the Board.