SOLOCAL_Registration Document_2017

FINANCIAL STATEMENTS 6.2 Annual financial statements for the financial years ended 31 December 2016 and 2017

Following the free share allotments, the capital increase and conversion of MCBs, the number of SoLocal Group shares making up the share capital was 582,444,800 as at 31 December 2017

Table up to date as at 31 December 2017 Number of shares making up the share capital of SoLocal Group as at 31 December 2017 Treasury shares held directly or indirectly as at 10 March 2017 at opening

582,444,800

107,773 8,438,322

Number of shares bought between 10 March 2017 and 31 December 2017

Gross weighted average price of shares bought (in euros)

1,011

1

Number of shares sold between 10 March 2017 and 31 December 2017

8,143,821

Gross weighted average price of shares sold (in euros)

1,028

Number of shares given freely to employees as part of performance share allotment programmes between 10 March 2017 and 31 December 2017

0 0

Number of shares cancelled in the last 24 months

2

Treasury shares held directly or indirectly as at 31 December 2017

402,274 343,950 333,887

Book value of the portfolio (valued at purchase price) as at 31 December 2017 (in euros)

Market value of the portfolio as at 31 December 2017 (in euros)

3

At 31 December 2017, the 402,274 shares held by the Company were assigned in full to the liquidity target.

All information relating to the SoLocal Group’s employees can be found in the sections relating to the Company’s corporate social responsibility, appended to this report.

MATERIAL POST-BALANCE SHEET

IX.

LEGAL EMPLOYEE PROFIT-SHARING

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XI.

EVENTS SoLocal has presented its “SoLocal 2020” strategic project, based on an expanded offer of digital services for businesses, a reinvented PagesJaunes media platform and streamlined organisation. This plan brings a new ambition for the SoLocal Group: to become one of the digital leaders in France. To better meet the needs of customers, operational organisation would be redesigned around, in particular, the elimination of business units, the centralisation of support functions, the downsizing of facilities, the simplification of the managerial line and the consolidation of certain activities. This would imply the elimination of around 1,000 positions over the period 2018-2019, of which approximately 800 positions at PagesJaunes SA in 2018, with the establishment of an employment protection plan, and 200 positions in 2019. In parallel, within the context of our transformation project, we plan to create approximately 100 new positions based on new digital skills. In this regard, on 13 February 2018, the Company initiated the Information-Consultation process with the representative staff bodies. The estimated cost is around €180 million. As at 31 December 2017, SoLocal Group no longer has any employees. All employees of SoLocal Group have been transferred to an economic interest group (GIE) called “GIE SoLocal” whose objectives include pooling GIE members’ human and material resources for certain general services and support functions with a view to spreading the corresponding costs. The GIE has nine members including SoLocal Group and eight group subsidiaries. At the end of December 2017, GIE SoLocal had 37 employees. HUMAN RESOURCES REPORT X.

In accordance with the provisions of Article L. 225-102 of the French Commercial Code, we hereby provide an employee profit-sharing statement. Of the 582,444,800 shares making up the share capital as at 31 December 2017, 626,208 shares are held by employees.

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RESEARCH AND DEVELOPMENT

XII.

At the forefront of its industry, SoLocal Group’s expert staff and numerous partnerships enable it to conduct cutting-edge research and development. These teams bring together the best specialists in their respective fields with the aim of promoting innovation and excellence.

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ENVIRONMENTAL IMPACT

XIII.

OF THE COMPANY’S ACTIVITIES AND SUSTAINABLE DEVELOPMENT COMMITMENTS

8

This information can be found in the sections relating to the Company’s corporate social responsibility, appended to this report.

PREVENTING DISCRIMINATION

XIV.

AND PROMOTING DIVERSITY This information can be found in the sections relating to the Company’s corporate social responsibility, appended to this report.

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2017 Registration Document SOLOCAL