Manutan International

Capital/Financing Update • Jan 4, 2016

MANUTAN INTERNATIONAL Société Anonyme au capital de 15.226.582 euros Siège social : ZAC du Parc des Tulipes - Avenue du 21^ème Siècle 95500 Gonesse 662 049 840 R.C.S. Pontoise

4 January 2016

HALF YEARLY REVIEW OF THE LIQUIDITY CONTRACT SIGNED WITH ODDO CORPORATE FINANCE

Regarding liquidity contract signed by Manutan International with Oddo Corporate Finance, the liquidity account held the following assets, on 31 December 2015:

• 2951 Shares
• 133 620,25 Euros

It is recalled that:

• During the last biannual statement of account, Manutan International had the following assets on his account:
• o 2 935 Shares
• o 135 090,74 €
• During the setting up of the contract, Manutan International had the following assets on his account:
• $o$ 1 253 Shares
• $\circ$ 143 001,03 €