SOLOCAL_Registration Document_2017

7

INFORMATION ON THE COMPANY AND ITS CAPITAL 7.4 Main shareholders

MAIN SHAREHOLDERS 7.4

HISTORY OF THE OWNERSHIP STRUCTURE 7.4.1

BREAKDOWN OF THE COMPANY’S SHARE CAPITAL On 31 December 2017 and on the basis of information known to the Company, the shareholdings in the Company were distributed as follows:

31/12/2017

Number of shares 49,100,806 47,737,618 34,177,219 30,058,498 420,342,177

% of share capital

Voting rights

% of voting rights

J O Hambro Capital Management

8.4% 8.2% 5.9% 5.2%

48,408,656 47,737,618 34,177,219 30,058,498 421,749,616

8.3% 8.2% 5.9% 5.2%

River and Mercantile AM

DNCA

Edmond de Rothschild AM

Free float

72.2%

72.4%

SoLocal Group employees (1)

626,208 402,274

0.1% 0.1%

626,208

0.1%

Treasury shares (2)

-

-

TOTAL 100.0% Number of shares at close of financial years ending 31 December 2017, 31 December 2016 and 31 December 2015 respectively. (1) Under the SoLocal Group savings plan (PEG). (2) All treasury shares are held under a liquidity agreement that was established on December 2, 2012. 582,444,800 100.0% 582,757,815

Capital hold 10,174,546 Company shares and the same number of voting rights representing around 1.77% of its share capital and 1.76% of its voting rights; on 17 March 2017, funds acting in conjunction with and managed l by Paulson, Monarch and Amber Capital reported having, on 15 and 16 March 2017, fell below the statutory thresholds of 14, 13 and 12% by holding 65,957,511 Company shares and the same number of voting rights, representing around 11.45% of its share capital and 11.44% of its voting rights. On an individual basis, the funds managed by Paulson hold 45,411,171 Company shares and the same number of voting rights, representing around 7.88% of its share capital and 7.88% of its voting rights. On an individual basis, the funds managed by Monarch hold 10,370,519 Company shares and the same number of voting rights, representing around 1.8% of its share capital and 1.88% of its voting rights; on 17 March 2017, DNCA Finance, acting on behalf of the funds it l managed, reported having, on 13 March 2017, fell below the thresholds of 5% of the share capital and voting rights in the Company, holding, on behalf of the said funds, 20,262,500 Company shares representing the same number of voting rights, i.e . 3.52% of its share capital and 3.51% of its voting rights; on 22 March 2017, the consortium made up by the companies l Paulson, Monarch and Amber reported having, on 16 March 2017, fell below the thresholds of 10% of the Company share capital and voting rights and holding 41,502,134 Company shares representing the same number of voting rights, i.e . 7.20% of its share capital and voting rights. On an individual basis, the funds managed by Paulson hold 23,726,313 Company shares and the same number of voting rights, representing around 4.12% of its share capital and 4.12% of its voting rights. On an individual basis, the funds managed by Monarch hold 7,600,000 Company shares and the same number of voting rights, representing around 1.32% of its capital and 1.32% of its voting rights. On an individual basis, the funds managed by Amber Capital hold 10,175,821 Company shares, representing around 1.77% of its share capital;

Shareholding disclosure thresholds on 16 March 2017, Edmond de Rothschild Asset Management, l acting on behalf of the funds it managed, reported having fell below the statutory 6% shareholding threshold on 14 March 2017. Edmond de Rothschild Asset Management reported holding 30,259,098 shares, corresponding to 5.25% of the Company share capital and voting rights; on 16 March 2017, the company GLAS Trustees Limited, acting in l its capacity as security agent for the holders of 350,000,000 euros worth of first ranking 8.875% bond indemnities falling due in 2018, reported having: on 13 March 2017 exceeded the thresholds of 5 and 10% of l Company share capital and voting rights and holding 59,837,345 shares representing the same number of voting rights, i.e . 10.39% of the share capital and 10.38% of the voting rights, and on 14 March 2017 fell below the thresholds of 10 and 5% of l Company share capital and voting rights following the return of shares to the beneficiaries of the trust and holding 7,680,208 Company shares representing the same number of voting rights, i.e. 1.33% of its capital and voting rights; on 17 March 2017, funds acting in conjunction with and managed l by Paulson, Monarch and Amber Capital reported having, on 13 March 2017, exceeded the statutory thresholds of 1 to 14% by holding 81,808,384 Company shares and the same number of voting rights representing around 14.2% of its share capital and 14.19% of its voting rights. On an individual basis, the funds managed by Paulson hold 49,018,750 Company shares and the same number of voting rights, representing around 8.51% of its share capital and 8.50% of its voting rights. On an individual basis, the funds managed by Monarch hold 22,613,813 shares and the same number of voting rights representing around 3.92% of the Company share capital and 3.92% of its voting rights. On an individual basis, the funds managed by Amber

244 2017 Registration Document SOLOCAL