Lagardre group right of reply

Lagard re group right of reply Following the publication of an online article entitled "Lagard re looking for a partner for its Relay stores" on the http://bfmbusiness.bfmtv.com website on 28 March 2017, it would seem that all of this false information has had a direct impact on the Lagard re share price.

As a result, the Lagard re group would like to clarify the following:

It is wrong to state that "the Lagard re group is looking for a partner for its Relay stores."

It is wrong to assert that "The group is considering selling a stake in its retail division (Lagard re Travel Retail). A constraint made necessary by Arnaud Lagard re s high level of debt."

It is wrong to claim that "each year the Lagard re group pays 170 million in dividends to shareholders, of which Arnaud is the main beneficiary."

It is wrong to say "Profits are always too low to pay dividends. Apart from in 2016, when they reached 175 million. Arnaud Lagard re has got his family company into debt in order to continue to pay dividends."

It is wrong to state that "Profits are always too low to pay dividends."

It is wrong to suggest that Arnaud Lagard re manages the group of the same name in his personal interests. To be convinced of this, it suffices to check the majorities with which the resolutions presented to Lagard re s General Meeting of Shareholders are adopted.

It is wrong to suggest, according to an anonymous source, that: "It (Lagard re) is ready to sell up to 49% to a partner... Management is very much in favour of this".

The Lagard re group asserts that to date there are no transformative acquisitions and no concrete plans to sell a stake in its Lagard re Travel Retail division.

Consequently, the Lagard re group has asked its lawyers to take all of the legal action necessary to put this disturbance to an end.

Press Contacts

Thierry FUNCK-BRENTANO - tel. +33 1 40 69 16 34 - tfb@lagardere.fr

Ramzi KHIROUN - tel. +33 1 40 69 16 33 - rk@lagardere.fr

Investor Relations Contact

Florence LONIS - tel. +33 1 40 69 18 02 - flonis@lagardere.fr

The Lagard re group is a global leader in content publishing, production, broadcasting and distribution, whose powerful brands leverage its virtual and physical networks to attract and enjoy qualified audiences.

It is structured around four business lines: Books and e-Books; Travel Retail; Press, Audiovisual, Digital and Advertising Sales Brokerage; Sports and Entertainment.

Lagard re shares are listed on Euronext Paris.

www.lagardere.com

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LINK:	http://www.lagardere.com/index.php?coe_i_id=363&idpress=7302...
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