Elis

Capital/Financing Update • Apr 22, 2015

Not for distribution, directly or indirectly, in the United States, Canada, Australia or Japan

Elis priced €800 million of senior notes due 2022 (the "2022 Notes")

Puteaux, April 22, 2015

Elis finalizes its debt refinancing and is pleased to announce the success of the offering of €800 million of 2022 Notes through its wholly owned subsidiary Novalis S.A.S. The transaction launched on April 17, 2015 and Elis priced the 2022 Notes at 3.000 %.

An application has been made to list the 2022 Notes on the Irish Stock Exchange (Global Exchange Market). The settlement of the 2022 Notes is expected to occur on or about April 28, 2015, subject to customary closing conditions.

This offering follows the senior financing due 2020 that was implemented as part of the initial public offering ("IPO"). These financings provide the Group with a significantly lower average cost of debt (below 3%) and a more stable financial structure, without any significant amounts due before 2020.

This transactions completes Elis' financial transformation, which started with the successful IPO in February. With a current market capitalization of almost 2 billion euros and stable BB/Ba2 ratings from rating agencies¹ , the Group now benefits from attractive financing from both the banking and bond debt markets.

Contact

Investor Relations:

Nicolas Buron, Investor Relations Director – Phone: +33 1 41 25 46 77 - nicolas.buron@elis.com

Important notice

This document does not constitute an offer to sell, or a solicitation of offers to purchase or subscribe for, securities in the United States. The securities referred to herein have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration except in a transaction exempt from, or not subject to, the registration requirements of the Securities Act.

This press release does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in France. The securities described herein have not been offered and will not be offered or sold, directly or indirectly, to the public in France. The securities may only be offered or sold in France to qualified investors (investisseurs qualifiés) and/or to providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d'investissement de gestion de portefeuille pour le compte de tiers), all as defined in and in accordance with Articles L. 411-1, L. 411-2, D. 411-1, D. 411-4, D. 744-1, D. 754-1 and D. 764-1 of the French Code Monétaire et Financier.

In member states of the European Economic Area which have implemented Directive 2003/71/EC (as amended) (the "Prospectus Directive"), this press release and any offer if made subsequently are directed exclusively at persons who are "qualified investors" and act for their own account within the meaning of the Prospectus Directive and any relevant implementing measures in the relevant member state.

This press release is not an invitation nor an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000, as amended ("FSMA"). This press release is

¹ A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

Elis SA Head Office: 33, rue Voltaire – 92800 Puteaux – France – Tél.: +33 (0) 1 41 25 45 00 http://www.corporate-elis.com

Joint-stock corporation governed by an Executive Board and a Supervisory Board Registered capital of 1.140.061.670 euros – # RCS: 499 668 440 Nanterre

directed only at (i) persons outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) persons referred to in Article 49(2) (a) to (d) of the Order (high net worth entities, non-registered associations, etc.) and (iv) other persons to whom this document may be lawfully communicated (all persons listed in (i), (ii), (iii) and (iv) above being referred to as "Relevant Persons"). The securities described herein are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person must not act or rely on this document or any of its contents.

The release, publication or distribution of this press release in certain jurisdictions may be restricted by laws or regulations. Persons in such jurisdictions into which this press release is released, published or distributed must inform themselves about and comply with such laws or regulations.