Velcan Holdings

Transaction in Own Shares • Mar 2, 2020

Luxembourg, 2nd March 2020

SHARES REPURCHASE PROGRAMME

Authorized by the shareholders' meeting held on 28th June 2017 Implemented upon the decision of the Board of Directors dated 13th December 2019

DISCLOSURE OF PURCHASES EFFECTED FROM 24th FEBRUARY 2020 TO 28th FEBRUARY 2020

Trading date	Number of shares purchased	Weighted average price (Eur)	Amount of purchases (Eur)	Purpose	Market
24th February 2020	364	6.61	2 406	Cancellation	Euro MTF Luxembourg
25th February 2020	500	6.61	3 305	Cancellation	Euro MTF Luxembourg
26th February 2020	8 610	6.61	56 912	Cancellation	Euro MTF Luxembourg
27th February 2020	4 278	6.61	28 320	Cancellation	Euro MTF Luxembourg
28th February 2020	-	-	-	-	-
Total	13 752	-	90 944	-	-

Market: Euro MTF, Luxembourg Type of shares: ordinary shares ISIN FR0010245803

Repurchase programme full description dated 17th December 2019 is available on Velcan Holdings website

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Regulatory information available on www.velcan.lu

Investor Relations Contact investor@velcan.lu