Launch of Solocal Group Reverse Stock Split

Regulatory News:

Solocal Group's (Paris:LOCAL) board of directors has decided to carry out the reverse stock split that the combined general shareholders’ meeting approved on 11 June 2015.

The reverse stock split operations will begin on 24 September 2015 in accordance with the terms of the reverse stock split notice that was published on Wednesday, 9 September 2015 in the Bulletin des Annonces Légales Obligatoires (BALO).

Reverse stock split terms and conditions

All shareholders will automatically receive from their financial intermediary one new share with a par value of €6 and all rights pertaining to shares, in exchange for 30 former shares with a par value of €0.20.

The Solocal Group reverse stock split will take effect on 26 October 2015.

Shareholders who hold a total number of shares that is an exact multiple of 30 will need to take no action, and the reverse stock split will be carried out automatically on 26 October 2015.

Shareholders who do not hold a total number of shares that is an exact multiple of 30 must, between today and 23 October 2015 inclusive, deal with their fractional shares by purchasing or selling directly on the market the number of non-consolidated Solocal Group shares needed to obtain a multiple of 30.

After that date, shareholders who have been unable to obtain the number of former shares necessary for the reverse stock split will be compensated by their financial intermediary within 30 days from 26 October 2015. The former shares (ISIN code: FR0010096354) will be delisted from Euronext on 26 October 2015 and on that date will be replaced by the new consolidated shares (ISIN code: FR0012938884).

About Solocal Group

Solocal Group, the European market leader in local online communication, provides digital content, advertising solutions and transactional services that simply connect people with local businesses. The Group employs some 4,800 people (including nearly 2,300 local communication advisors) in France, Spain, Austria and the United Kingdom and supports the online development of SMB and major client accounts, mainly through its four flagship brands: PagesJaunes, Mappy, ComprendreChoisir and A Vendre A Louer. Over the years, Solocal Group has earned the trust of some 550,000 Internet clients. In 2014, Solocal Group generated revenues of 936 million euros, of which Internet business accounted for 68%, making it a European market leader in terms of online advertising revenues. Solocal Group is listed on Euronext Paris (LOCAL). More information may be obtained at www.solocalgroup.com.

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