HIGHLIGHT CMNCTS INH.SF 1 (HLG)

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Highlight Communications AG is a Switzerland-based holding company engaged in the entertainment production. The Company’s business is divided into three segments. The Film segment is engaged in the production, exploitation and distribution of films and film licenses, from cinema to video, digital versatile disc (DVD) and television broadcasting. The Sports and Event Marketing segment commercializes the licensing, marketing and sponsorship rights for the UEFA European Championships, as well as for the Eurovision Song Contest and the Vienna Philharmonic Orchestra. The Other Business Activities segment is active in online gaming area. As of December 31, 2011, the Company operated such subsidiaries as Constantin Film AG, Constantin Film Schweiz AG, Highlight Communications (Deutschland) GmbH, Rainbow Home Entertainment AG, Rainbow Home Entertainment GmbH, Team Holding AG, TEAM Television Event and Media Marketing AG and Team Football Marketing AG.