Sogeclair S.A.

Capital/Financing Update • Jan 15, 2016

YEARLY STATEMENT RELATIVE TO THE LIQUIDITY CONTRACT PLACED WITH SOCIETE DE BOURSE GILBERT DUPONT

In respect of the liquidity contract placed by SOGECLAIR with Société de Bourse Gilbert Dupont, as of 31 December 2015, the average liquidity account figures stood at:

• Number of shares: 4665
• Cash balance on the liquidity account: €50,784.42

You are reminded that at the time of the last half-yearly statement, the average liquidity account figures stood at:

• Number of shares: 4406
• Cash balance on the liquidity account: €67,518.77

Philippe ROBARDEY President & CEO

SOGECLAIR SA with capital of €2,900,000 Headquarters: 7 avenue Albert Durand – CS 20069 – 31700 BLAGNAC (France) Tel: 33 (0)5.61.71.71.71 – www.sogeclair.com 335 218 269 R.C.S. TOULOUSE