ACTION S.A.

Major Shareholding Notification • May 22, 2017

Date: 18 May 2017 ESMA/2015/1597

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)^t

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached^":

Pelion S A

1. Reason for the notification (please tick the appropriate box or boxes):

[x] An acquisition or disposal of voting rights

• [ ] An acquisition or disposal of financial instruments
• [] An event changing the breakdown of voting rights
• [] Other (please specify)":

3. Details of person subject to the notification obligation^®:

Name: FMR LLC

City and country of registered office (if applicable): Wilmington, Delaware, USA

1. Full name of shareholder(s) (if different from 3.)^*

5. Date on which the threshold was crossed or reached^*:

17^th May 2017

6. Total positions of person(s) subject to the notification obligation:

	% of voting rights attached to shares (total of 7.A)	% of voting rights through financial in- struments (total of $7.B.1 + 7.B.2$ )	Total of both in % $(7.A + 7.B)$	Total number of voting rights of issuer vii
Resulting situation on the date on which threshold was crossed or reached	$0.00\%$	n/a	$0.00\%$	18,238,914
Position of previous notification (if appli- cable)	5.19%	n/a	5.19%

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii:

A: Voting rights attached to shares Class/type of % of voting rights Number of voting rights^ix shares Direct Indirect Direct Indirect ISIN code (if possi-(Art 9 of Directive
2004/109/EC) (Art 10 of Directive
2004/109/EC) (Art 9 of Directive (Art 10 of Directive ble) 2004/109/EC) 2004/109/EC) $\overline{0}$ $0.00%$ PLMEDCS00015 $0.00%$ SUBTOTAL A $\overline{0}$

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial instrument	Expiration $date^x$	Exercise/ Conversion Period xi	Number of voting rights that may be acquired if the instrument is exer- cised/converted.	% of voting rights
		SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration $date^x$	Exercise/ Conversion Period *i	Physical or cash settlement xii	Number of voting rights	% of voting rights
			SUBTOTAL B.2

1. Information in relation to the person subject to the notification obligation (please tick the applicable box):

I I Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv:

Name x	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in- struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold

1. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

2. Additional information^xvi:

Done at Kingswood on $18^{TH}$ May 2017.

KM PETLEY, A SSOCIATE DIRECTOR