SOLOCAL_Registration Document_2017

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CORPORATE GOVERNANCE 4.2 Functioning of the Board and the Committees

Jean-Jacques Bancel has been Administrative and Financial Director since 13 February 2018. Mr Jean-Jacques Bancel, a graduate of ESSEC, began his career in 1993 in consulting (Mars & Co) to join the world of banking (HSBC) in 1998, before managing the IPO of Autoroutes du Sud de la France. Buoyed by the success of this operation, he was promoted to Chief Financial Officer in 2003, a position he would then occupy in various companies between 2007 and 2016 as Consolis (European construction group) or in the pharmaceutical industry (Ethypharm and SGD Pharma). Arnaud Defrenne is Director of R&D (as of 25 April 2018). Mr Arnaud Defrenne is a graduate of the ESA Business School. He worked at Liberty Surf, Netbooster before co-founding LeGuide.com. In 2005, he joined the Publicis group where he developed technological offers such as “Digital Content & Commerce” or “Digitas Cloud”. He joined the L’Oréal group in 2015 as Chief Digital Marketing Technology Officer (CDMTO) to speed up digital transformation and develop the Group’s digital business and revenue.

Pascale Furbeyre is Marketing Director (as of 9 May 2018). A graduate of Columbia Business School MBA, Ms Pascale Furbeyre worked for About.com, Sprinks, Overture and Yahoo! France. In 2009, she joined the Crédit Agricole group as Marketing and Communication Director and launched the online bank BforBank, a bank specialising in savings. She designed and developed the BforBank website, defined the positioning of the brand and supervised its launch on TV, the press and the Internet. Since 2013, she has been Marketing Director of the LesFurets.com comparison site, a subsidiary of the English group BGL. Frédéric Obala is Chief Financial Officer of the Local Digital Search. A graduate of HEC, Mr Frédéric Obala started his career as a strategy consultant before joining Promodes (now Carrefour) in 1992. In 2002, he joined PPR (today Kering) as Strategy Manager and member of the Executive Committee, then as Marketing and Web Director of La Redoute. He exercised his responsibilities at Doméo then Darty before joining the SoLocal Group in 2014 as Major Accounts Manager then as Head of the Digital Marketing division.

FUNCTIONING OF THE BOARD 4.2 AND THE COMMITTEES

The Company is managed by a Board of Directors that decides on may have an impact on the Company’s business and decide any business strategy and oversees its execution by senior matters within its remit. It also expresses its opinion on all major management. Without prejudice to the powers expressly reserved decisions in relation to the Company’s strategy, business by law for General Shareholders’ Meetings and within the limits of development, human resources, finances and technology. the corporate purpose, the Board may address any concern that

COMPLIANCE WITH FRENCH CORPORATE GOVERNANCE STANDARDS 4.2.1

SoLocal Group embraces the principles of corporate governance of listed companies set out in the AFEP-MEDEF Corporate Governance Code in its revised version of November 2016.

The Board of Directors has identified no difference between SoLocal Group’s practices and the recommendations of the AFEP-MEDEF Corporate Governance Code.

SERVICE AGREEMENTS 4.2.2

No member of the Board of Directors or the Chief Executive Officer has a service agreement with the Company or with one of its subsidiaries that grants benefits upon contract termination.

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2017 Registration Document SOLOCAL