Digitree Group S.A.

Director's Dealing • Feb 1, 2017

Notification of transactions referred to in Article 19(1) of the MAR

To:

Pfleiderer Group S.A. Millennium Tower IV ul. Strzegomska 42AB 53-611 Wrocław Poland

Komisja Nadzoru Finansowego

(Polish Financial Supervision Authority)
Plac Powstańców Warszawy 1 00-950 Warsaw Poland

1	Details of the persons discharging managerial responsibilities/ person closely associated
a)	Name	Atlantik S.A.
$\overline{2}$	Reason for the notification
a)	Position/status	Person closely associated with Mr. Michael F. Keppel, Deputy Chairman of the Supervisory Board of Pfleiderer Group S.A.
b)	Initial notification/correction	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pfleiderer Group S.A.
b)	LEI	259400REZ7RTIWBU1C56
$\boldsymbol{4}$	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial	Shares
	instrument, type of instrument Instrument identification code	ISIN Code: PLZPW0000017
$\mathbf{b}$	Nature of the transaction	Incurring an unconditional obligation to transfer between 1,486,409 and 1,494,383 shares in Pfleiderer Group S.A. to Atlantik S.A.'s creditors as a partial repayment in-kind of the existing EUR denominated financial indebtedness of Atlantik S.A. (in an over-the- counter transaction) with a deferred settlement date. The exact number of shares to be transferred and the exact share price in EUR and the EUR/PLN exchange rate (to be used to calculate the respective repayment amounts) is not yet determined and will be established before the execution of the relevant share transfer instructions (for purpose of calculating the numbers above a EUR/PLN exchange rate of PLN 4.333 per EUR, a minimum share price of PLN 30.00 and a maximum share price of PLN 50.00 were assumed).

$\mathbf{c}$	Price and volume	Price	Volume
		The share price in EUR the EUR/PLN and exchange rate to be used to calculate the respective repayment amounts to be determined before the execution of the relevant shares transfer instructions regarding the repayment in-kind.	1,486,409 Between and 1,494,383 shares (based on the EUR/PLN exchange rate of PLN 4.333 per EUR assuming and the minimum share price of PLN 30.00 and the maximum of PLN 50.00). The exact number of shares to be transferred will be calculated on the basis of the EUR/PLN exchange rate and share price before the execution of the relevant share transfer instructions regarding the repayment in-kind.
$\mathbf{d}$	Aggregated information Aggregated volume Price	Volume (aggregated): between 1,486,409 and 1,494,383 shares (based on the EUR/PLN exchange rate of PLN 4.333 per EUR and assuming the minimum share price of PLN 30.00 and the maximum of PLN 50.00). The exact number of shares to be transferred will be calculated on the basis of the EUR/PLN exchange rate and the share price before the execution of the relevant share transfer instructions regarding the repayment in-kind. Price: the share price in EUR and the EUR/PLN exchange rate to be used to calculate the respective repayment amounts to be determined before the execution of the relevant share transfer instructions regarding the repayment in-kind.
e)	Date of the transaction	2017-01-30; 11:01 p.m. GMT
f)	Trading venue/platform of the transaction	Outside a trading venue

Notification of transactions referred to in Article 19(1) of the MAR

Atlantik S.A.

Dr. Michael F. Keppel (Director A)

Dr. Paolo Antonietti (Director B)

Christiaan Frederik van Arkel (Director C)