SOLOCAL_Registration Document_2017

7

INFORMATION ON THE COMPANY AND ITS CAPITAL 7.4 Main shareholders

VOLUNTARY AND MANDATORY PROFIT-SHARING AGREEMENTS 7.4.4

The special mandatory profit-sharing reserve is allocated to the beneficiaries as follows: 30% in proportion to length of service and 70% in proportion to gross annual salary. Individual allocations may either be invested in the Group Savings Plan and locked in for five years, or in the Group Retirement Savings Plan and locked until retirement in the event that the beneficiaries choose the investment (possibility of receiving the amount directly without locking). The table below shows the gross participation distributed or to be distributed for the last three financial years:

PARTICIPATION The Group signed a mandatory profit-sharing agreement on 26 June 2006 with five trade unions (CFE/CGC, CFDT, FO, CGT and the independent PagesJaunes union). This agreement covers the Group’s French companies in which the Company’s interest exceeds 50%. ClicRDV and Fine Media joined the Group plan with effect from 1 January 2011, and Retail Explorer, and Leadformance effective as of 1 January 2014 and Effilab effective as of 1 January 2017. The Group’s special mandatory profit-sharing reserve is the total of the special profit-sharing reserves of each participating subsidiary, which are calculated using a specific formula.

Gross mandatory profit-sharing to be distributed to Group employees

Group agreement (in millions of euros)

2017 2016 2015

3.6 5.1 6.4

VOLUNTARY PROFIT-SHARING There are no longer any voluntary profit-sharing agreements within the Group:

2016 voluntary profit-sharing paid in 2017

2015 voluntary profit-sharing paid in 2016

2014 voluntary profit-sharing aid in 2015

(in thousands of euros)

Voluntary profit-sharing paid in the Group

0

0

280

a PERCO (Collective Retirement Savings Plan) that tops up l employee contributions with an employer contribution. For 2008 and subsequent years, the maximum annual employer contribution is €502 gross for an employee contribution of €1,500. To launch the PERCO plan in 2007 and enable as many employees as possible to participate, the maximum employer contribution was €701 for an employee contribution of €1,500. An amendment was also signed on 21 December 2012 following the modification of the mutual funds available under the PERCO plan; a defined-contribution supplementary retirement plan, pursuant l to Article 83 of the French Tax Code, for Group subsidiary managerial staff (“cadres”) with effect as of 1 January 2008. Membership of this plan is compulsory and requires a contribution of 5.50% of the employee’s tranche B and C remuneration (i.e. above the maximum tranche A remuneration limit of €3,269 per month in 2017). Employees pay 40% of this contribution (2.20%) and the Company pays the remaining 60% (3.30%). An amendment was signed on 29 October 2013 to allow the participating employees to make additional and voluntary contributions into the supplementary retirement plan, pursuant to Article 163 quater vicies of the French Tax Code.

COMPANY SAVINGS PLAN On 12 February 2007, Management and trade unions signed an agreement to set up a Group Savings Plan. An amendment to the Group savings plan was agreed on 21 December 2012, after the change in the mutual funds proposed in the Group Savings Plan (PEG). The Board of Directors of the Company decided on 9 February 2015 to launch a capital increase reserved for employees and former employees of the Group. The subscription price has been set to €0.56 per share, corresponding to 80% of the average price of the twenty trading days prior to the subscription had been opened from 9 to 29 March. 1,045 employees or former employees subscribed to the capital increase (out of a total of 4,697 beneficiaries, i.e. a subscription rate of 22.25%). Total subscriptions amounted to approximately €1.5 million. This operation has consequently given rise to 4,569,773 new share subscriptions. SUPPLEMENTARY RETIREMENT SCHEME On 22 November 2007, Management and trade unions signed an agreement to implement a supplementary retirement scheme. This agreement provided for:

252 2017 Registration Document SOLOCAL