SOLOCAL_Registration Document_2017

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SOLOCAL, LOCAL DIGITAL PARTNER TRUSTED BY BUSINESSES 1.5 Organizational structure

This transformation project should allow SoLocal to operate with estimated at around €120 million (full year effect) from 2020, significantly reduced fixed costs, to become more agile and to compared to the 2017 cost base, and should restore the Group’s return to profitable growth from 2019. The reduction in costs is ability to generate significant cash flows.

ORGANIZATIONAL STRUCTURE 1.5

A simplified organizational chart of SoLocal Group at 31 December 2017 is provided below:

SOLOCAL GROUP S.A.

100%

PagesJaunes S.A.

100%

LeadFormance S.A.S

100%

ClicRVC S.A.S

PagesJaunes Outre-Mer S.A. (1)

100%

100%

100%

Mappy S.A.

Retail Explorer S.A.S

Ooreka (Fine Media S.A.S)

100%

100%

Yelster Digital GmbH

100%

Effilab S.A.S

SoLocal Marketing Services S.A.

100%

SoLocal Group UK (Digital to score Ltd.)

100%

100%

QDQ Media SAU

(1) PagesJaunes Outre-Mer SA is not consolidated due to its non-significant nature.

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2017 Registration Document SOLOCAL