SOLOCAL_Registration Document_2017

MESSAGE

FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICER OF SOLOCAL GROUP

DEAR SHAREHOLDER, 2017 was a decisive year for SoLocal, with the completion of the financial restructuring which allowed our Group to reduce its debt burden by two-thirds, and the initiation of a new governance. In February 2018, thanks to our improved financial position and the arrival of a new management team, the Group presented its new strategy, SoLocal 2020 , a three-year plan that aims to engage the company into a profound transformation and enable it to fully capitalize on its assets. Following the financial restructuring, and thanks to your commitment and support, the composition of the Board of Directors has been completely overhauled, with the new additions of multi-disciplinary and complementary skills and acknowledged digital expertise. All of our directors are now independent (except for the director representing employees) and 40% are women. We pay particular attention to good corporate governance, which creates the conditions for efficient management, and to taking account of the expectations and interests of all stakeholders. The composition of the Executive Committee has also changed significantly, and we now have a new management team committed to successfully transforming the company and ensuring it returns to sustainable and profitable growth. The Group’s financial performance in 2017 illustrates the effort expended immediately by this new team to contain and reduce costs, as indicated by the decrease in external expenses in the second half of 2017. SoLocal has all the assets, some of them unique in France, to become the leading local digital partner to French companies and help them accelerate their growth: media with strong audiences, powerful geolocated data, scalable technology platforms, sales force across France, privileged partnerships with GAFAM (Google, Apple, Facebook, Amazon and Microsoft/Bing) and many talents (experts in data, developers, digital marketing, etc.).

PIERRE DANON Chairman of the Board of Directors of SoLocal Group

At a time French businesses are set to accelerate their digitalization and develop the use of increasingly digitalized solutions to retain and win market shares, SoLocal must evolve even more quickly and effectively in order to fully realize its potential.

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2017 Registration Document SOLOCAL