Parrot

AGM Information • Jun 17, 2016

This document has been drawn up in accordance with the provisions of Articles 241-2 of the General Regulations issued by the French securities regulator (Autorité des marchés financiers, AMF).

Authorization granted at the General Shareholders' Meeting on June 16, 2016, for an 18-month period.

As of June 16, 2016, the company held 526,879 treasury shares, representing 2.00% of the capital:

Number of shares as of June 16, 2016	Allocation
19,402	Liquidity agreement
(0.06% of the capital)
507,477	Allocation of stock options and/or bonus shares to Company or Group
(1.68% of the capital)	staff or corporate officers and/or capital reduction

The shares bought back may be used with a view to:

• Continue to implement the liquidity agreement;
• Allocate stock options and/or bonus shares and/or any other allocable shares;
• Buy shares for retention and subsequent exchange, in payment or otherwise, in connection with acquisitions;

• Reduce the Company's capital.

• Characteristics of securities concerned by the share buyback program: ordinary shares listed on Euronext Eurolist B under ticker PARRO, ISIN FR0004038263.

• Maximum number of securities that may be acquired: 3,013,005.
• Percentage of the capital: 10%. As of June 16, 2016
• Maximum purchase price: 80.00 euros, as authorized at the Combined General Meeting on June 16, 2016 for up to 48,000,000 euros.

18 months from the General Meeting on June 16, 2016, i.e. through December 15, 2017 included.

Founded in 1994 by Henri Seydoux, Parrot creates, develops and markets advanced technology wireless products for consumers and professionals. The company builds on a common technological expertise to innovate and develop in three primary markets:

• Civil drones: With leisure quadricopters and solutions for professional use.
• Automotive: With the most extensive range of hands-free communication and infotainment systems for vehicles on the market.
• Connected objects: With a focus in audio and gardening.

Headquartered in Paris, Parrot currently employs more than 900 people worldwide and generates the majority of its sales overseas. Parrot has been listed on Euronext Paris since 2006. (FR0004038263 – PARRO). For more information, please visit www.parrot.com

Investors, analysts, financial media Marie Calleux - T.: +33(0) 1 48 03 60 60 parrot@calyptus.net

Tech and consumer media Vanessa Loury - T.: +33(0) 1 48 03 60 60 vanessa.loury@parrot.com