Description of the Share Buyback Programme Lagardere SCA

  Description of the Share Buyback Programme Lagardere SCA

                                 2013 - 2014

Business Wire

PARIS -- June 25, 2013

Regulatory News:

Lagardère SCA (Paris:MMB):

1° - Date of the shareholders’ general meeting having authorized the programme

                                 May 3, 2013

2° - Allotment by objective of shares held by the Company as of May 3, 2012

. Allocation to the employees (free share allocation,
purchase option                                         3.113.678  (2. 37 %)
plans, share exchanges with employees of the press
. Allocation for retention in view of future transfer    92.268      (0.07 %)
or exchange
. Allocation ensuring proper liquidity of the stock      45.000      (0.03 %)
                                                         3.250.946   (2.47 %)

3° - Characteristics of the 2013 – 2014 program

Objectives pursued:

  *Allocation of free shares to employees of the Company and its related
  *Allocation of shares to holders of stock options plans;
  *Allocation of shares to employees as part of the profit-sharing scheme;
  *Any other allocation of shares to employees of the Company and its related
    companies in compliance with applicable laws and regulations;
  *Regulation of the stock market, trough liquidity contracts signed with an
    independent investment services provider, in compliance with a code of
    professional Conduct recognised by the French Financial Markets Authority
  *Retention in view of future transfers or exchanges in consideration for
    acquisitions (up to 5 % of the share capital for exchanges made within the
    framework of an operation of merger and acquisition);
  *Reduction of the share capital by cancelling all or a portion of the
    shares purchased;
  *To transfer or exchange shares in response to the exercise of the rights
    attached to securities that grant ; in any manner whatsoever, a right to
    the allocation of shares in the Company;
  *And, more generally, to effect transactions in accordance with current
    regulations and in particular with the market practices accepted by the
    French Financial Markets Authority (AMF).

Maximum percentage of the share capital and maximum number of shares which can
be purchased:

10 % of the share capital (13,113,328 shares).

Considering the 3,250,946 shares and the 2,574,552 call options held by the
Company as at 3 May 2013 and in the event that these shares and call options
would not be transferred or cancelled during the programme, a maximum of
7,287,830 shares can be purchased (5.56 % of the share capital).

Maximum unit purchase price: 40 €

Maximum amount of purchase: 500 million Euros

4° - Term of the share buyback programme

18 months as of the general meeting, i.e. until November 3, 2014

5° - Summary of the transactions made within the framework of the previous
programme and situation as of May 3, 2013

Summary of the transactions

Number of shares cancelled over the last 24 months: 870,002 (0.66%)

                                         cumulated gross flows
                                        May 10, 2011/ May 3, 2012
                                                         Sales /
Number of securities ^                  2,066,426 ^(1)  2,513,476 ^(1)
Average price of transactions in euros  22.452          23,401
Amount in euros                         46,397,389      58,818,805

(1) shares

Situation as of May 3, 2013

Percentage of share capital held by the Company: 2.47 %
Number of securities held by the Company directly and indirectly in portfolio:
Portfolio’s net book value: 91,461,495.54 €
Portfolio’s market value: 90,636,374.48 € (on the basis of 27,88 € per share)

                      Open positions in derivatives: May 3, 2012
                       Open positions on purchase     Open positions on sale
                      Call options      Forward       Call          Forward
                      purchased ^(1)   purchases ^  options      sales ^
                                                       sold ^
Number of securities  2,574,552        None         None         none
Average maximal       3,06,2014 ^(2)   -            -            -
maturity date ^
Average exercise      51.68 ^(3)       -            -            -
price ^

^(1) calls
^(2) Spreading between the 18.12.2013 and the 20.11.2014
^(3) Spreading between 51.45 € and 51.92 €

The present publication is available on the website of the Company
( in the section «regulated information» and at the Head
Office of the Company.

                                LAGARDERE SCA

  A French limited partnership with shares with capital of € 799,913,044.60
         Head office: 4 rue de Presbourg - Paris 16^th (75) - France
                Commercial Register: 320 366 446 R.C.S. Paris


Lagardère SCA
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