Fagron N.V.

Major Shareholding Notification • Nov 18, 2015

FORM TR-1 BE PART I

1) Status of the notification
	Final
2) Issuer
	Name FAGRON
Identification number 0890-535-026
3) Reason for the notification
	Acquisition or disposal of voting securities or voting rights
	Downward crossing of the lowest threshold
4) Notification by
	A person that notifies alone
5) Persons subject to the notification requirement
	Name (& legal form for legal persons)	Address (for legal persons)
	FMR LLC	245 Summer Street, Boston, Massachusetts 02210, USA
	6) Persons that dispose of, voting rights (Only to be filled in if art. 7 of the Law applies)
	Name (& legal form for legal persons)	Address (for legal persons)
	Please continue entering the information in part il concerning the persons referred to in points 5 and 6	Click
7) Date on which the threshold is crossed
	12/11/2015	(DD/MM/YYYY)
8) Threshold that is crossed (in %)
	3
		If the holding has fallen below the lowest threshold, you have the option of not entering any numbers under point 10
9) Denominator
	32,111,827
	Please enter the denominator before filling in the dat

10) Notified details

A) Voting rights	Previous notification			After the transaction
	# of voting rights		# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
FMR LLC	1,517,822	861,955		2.68%
	TOTAL	861,955		2.68%	0.00%

Start with "groups" of holders. Calculate subtotals and then finish with the persons

who are "alone".
The totals, subtotals and % will be updated once you have clicked on

B) Equivalent financial instruments		After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights
	TOTAL		(in relation to all expiration dates)	0	0.00%

The totals will be updated once you have clicked on

TOTAL (Voting rights & Equivalent financial instruments)		# of voting rights	% of voting rights
	CALCULATE	861,955	2.68%

11) Chain of controlled undertakings through which the holding is effectively held, if applicable

Please describe, or join a diagram in attachment

The holdings attributable to FMR LLC arise from holdings of various undertakings for collective investment that are managed by Fidelity
Management & Research Company, Pyramis Global Advisors LLC and Pyramis Global Advisors

12) In case of proxy voting for only one GM

Holder

will cease to hold / will hold again

voting rights as of

$\overline{0}$

$\left| + \right|$

13) Additional information

	A) Convertible bonds and rights to subscribe to voting securities not yet issued
Holder	Type of financial instrument	Expiration date (DD/MM/YYYY)	Exercise/Conversion period or date	Number	# of voting rights that may be acquired if the instrument is exercised/converted
B) Shares without voting rights
Holder	Number
	FMR LLC can exercise the voting rights at its discretion in the absence of specific instructions from the relevant undertaking for collective investment. Please note that the reason for the notification is also due to an increase stock lending as well as the disposal of shares. The shares subject to stock lending are regarded as a disposal for which FMR LLC do not retain the voting rights.
	Kingswood
C) Remarks Done at On		(DD/MM/YYYY) 16/11/2015

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