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Fountain S.A.

Major Shareholding Notification Dec 23, 2013

3953_mrq_2013-12-23_41864d7d-f584-4fed-80f4-d4246aa4da23.pdf

Major Shareholding Notification

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Press release, 23 December 2013

Reallocation of shares in Fountain

Regulated information

Braine-l'Alleud, 23 December 2013, 6:30 pm

The company has been informed of the transfer of the following shares.

QuaeroQ SCRL has bought 295,000 shares from Syntegra Capital Fund I, LP, represented by the management company governed by English law, Syntegra Capital Investors Limited (hereinafter referred to as "Syntegra Capital").

Banque Degroof SA has bought 205,844 shares from Syntegra Capital actions and 29,193 shares from the pension fund Electra Investissements FCPR, represented by the management company governed by French law, Motion Equity Partners SAS (hereinafter referred to as "Electra Partner'). Electra Partner has also transferred 150,000 shares to other investors.

Following these transfers, all of which were carried out at the price of 2 Euros per share, Syntegra Capital and Electra Partner no longer own any shares in the company.

QuaeroQ SCRL now owns 497,518 shares in the company, representing 29.96% of the capital. Banque Degroof SA owns 321,038 shares in the company, representing 19.33% of the capital.

Lastly, QuaeroQ SCRL and Banque Degroof have stated that they are not acting together.

Profile

The Fountain Group, mainly based in France, Belgium and the Netherlands, markets a range of cold and hot drink solutions aimed at business customers.

Information

Paul Baeck – Chief Executive Officer ([email protected] – tel. +32 2 389 08 01 or +32 497 487 081) Eric Dienst - Chief Financial Officer ([email protected] – tel. +32 2 389 08 11 or +32 475 795 722) http://www.fountain.eu

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