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Koch Media Limited was found by the Commission to be jointly and severally liable with two other group
companies for an anticipated fine of 3,000,000€. The group has determined that of this overall expected
penalty, an amount of 1,000,000€ (£889,000) will be borne by the UK company. However following the
commissions decision dated 20 January 2021 the final fine was determined to be 977,000€. With the group
determining the Koch UK portion to be 403,667€ (£361,943). Therefore the reversal of the over provision in
2020 of £527,057 has been treated as an exceptional item in 2021.
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