Velcan Holdings

Transaction in Own Shares • May 15, 2018

Luxemburg, 15th May 2018

SHARES REPURCHASE PROGRAMME

Authorized by the shareholders' meeting held on 28th June 2017 Implemented upon the decision of the Board of Directors dated 14th February 2018

DISCLOSURE OF PURCHASES EFFECTED FROM 7 th MAY 2018 to 11 th MAY 2018

Trading date	Number of shares purchased	Weighted average price (Eur)	Amount of purchases (Eur)	Purpose	Market
th May 7 2018	570	9,46	5 392	cancellation	Euronext Growth Paris
th May 2018 8	627	9,3	5 831	cancellation	Euronext Growth Paris
th May 2018 9	Nil	-	-	-	-
10th May 2018	1 382	9,27	12 817	cancellation	Euronext Growth Paris
11th May 2018	1 200	9,33	11 204	Cancellation	Euronext Growth Paris
Total	3 779	-	35 245	-	-

Market: Euronext Growth Paris Type of shares: ordinary shares ISIN FR0010245803

Repurchase programme full description dated 22nd February 2018 is available on Velcan's website

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Regulatory information available on www.velcan.lu

Investor Relations Contact investor@velcan.lu