bpost SA/NV — Major Shareholding Notification 2017

Jul 19, 2017

Disclosure of transparency notifications

(Article 14 of the Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies)

bpost discloses a notification of significant shareholdings that it has received from BlackRock, Inc (and affiliates) in accordance with the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies.

1. Summary of the notification

In a notification dated July 13, 2017, BlackRock, Inc., also on behalf of its subsidiaries set forth in the notification, notified that, following an acquisition of bpost voting securities or bpost voting rights, it increased its holding and crossed upward the 3% threshold of voting rights in bpost SA de droit public ("bpost") on July 11, 2017.

On July 11, 2017, BlackRock, Inc., taking into account the subsidiaries set forth in the notification, held 3,09% of the voting rights of bpost.

2. Content of the notification

The notification dated July 13, 2017 contains the following information:

• Reason for the notification: Acquisition or disposal of voting securities or voting rights
• Notification by: A parent undertaking or a controlling person
• Persons subject to the notification requirement:

Name	Address (for legal entities)
BlackRock, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V.	Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC	100 Bellevue Parkway, Wilmington, DE, 19809, U.S.A.
BlackRock Asset Management Canada Limited	161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management Deutschland AG	Max-Joseph-Straße 6, Munich, 80333, Germany
BlackRock Asset Management North Asia Limited	15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc.	55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Fund Advisors	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National Association	400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited	Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia) Limited	Level 37, Chifley Tower, 2 Chifley Square, Sydney NSW 2000 Australia
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC	1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd.	1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan

Date on which the threshold is crossed: July 11, 2017

Threshold that is crossed: 3%

Article 13 of bpost's articles of association provides the following on disclosure of significant shareholdings: "As regards the application of Title II of the Law of May, 2 2007 on the disclosure of significant shareholdings in issuers whose shares are admitted to trading on a regulated market and other provisions and the Royal Decree of February, 14 2008 on the disclosure of significant shareholdings, the applicable successive thresholds are established at 3%, 5% and any multiple of 5%."

• Denominator: 200,000,944
• Notified details:

A) Voting rights	Previous notification		After the transaction
	# of voting rights		# of voting rights				% of voting rights
Holders of voting rights				Linked to securities		Not linked to the securities	Linked to securities	Not linked to the securities
BlackRock, Inc.				0			0,00%
BlackRock (Netherlands) B.V.				12 289			0,01%
BlackRock Advisors (UK) Limited			798 998				0,40%
BlackRock Advisors, LLC				1 277 581			0,64%
BlackRock Asset Management Canada Limited				21 178			0,01%
BlackRock Asset Management Deutschland AG				213 993			0,11%
BlackRock Asset Management North Asia Limited				11 005			0,01%
BlackRock Financial Management, Inc.				133 791			0,07%
BlackRock Fund Advisors				581 059			0,29%
BlackRock Institutional Trust Company, National Association				1 092 819			0,55%
BlackRock International Limited				5 101			0,00%
BlackRock Investment Management (Australia) Limited			9 001			0,00%
BlackRock Investment Management (UK) Limited			1 042 894				0,52%
BlackRock Investment Management, LLC			111 514				0,06%
BlackRock Japan Co., Ltd.			159 971				0,08%
Subtotal			5 471 194				2,74%
TOTAL		5 471 194		0		2,74%	0,00%
B) Equivalent financial instruments				After the transaction
Holders of equivalent financial instruments	Type of financial instrument			Expiration date Exercise period or date		# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement

			CALCULATE		6 183 454		3,09%
TOTAL (A & B)					# of voting rights % of voting rights
TOTAL					0,36%
BlackRock Investment Management, LLC	Contract For Difference			99 948	0,05%		cash	+
BlackRock Investment Management (UK) Limited	Contract For Difference			345 881	0,17%		cash	‐
BlackRock International Limited	Contract For Difference			15 977	0,01%		cash	‐
BlackRock Institutional Trust Company, National Association	Contract For Difference			205 822	0,10%		cash	‐
BlackRock Advisors, LLC	Contract For Difference			2 781	0,00%		cash	‐
BlackRock Advisors (UK) Limited	Contract For Difference			20 128	0,01%		cash	‐
BlackRock Advisors (UK) Limited	Securities Lent			21 723	0,01%		physical	‐
				exercised

• Full chain of controlled undertakings through which the holding is effectively held: Please see the full chain of control in the pdf which is attached to the notification (and attached).
• Additional information: The disclosure obligation arose due total holding in voting rights for BlackRock, Inc. going above 3%.

The full text of this notification has been posted on bpost's website at http://corporate.bpost.be/investors/share-information/transparency-declarations.

Notifications of important shareholdings to be made according to the Law of 2 May 2007 and bpost's articles of association, should be sent to investor.relations@bpost.be. Such notifications shall be made public through a press release and shall be posted on http://corporate.bpost.be/investors/share-information/transparency-declarations.

For more information:

Baudouin de Hepcée (investors & journalists): +32 (0)476 49 69 58 investor.relations@bpost.be (investors) pressrelations@bpost.be (journalists)

Annex - Full chain of controlled undertakings through which the holding is effectively held

BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock Asia-Pac Holdco, LLC BlackRock HK Holdco Limited BlackRock Cayco Limited BlackRock Trident Holding Company Limited BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock International Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc.

BlackRock Fund Advisors

BlackRock, Inc.

BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock Asia-Pac Holdco, LLC BlackRock HK Holdco Limited BlackRock Asset Management North Asia Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Investment Management (UK) Limited BlackRock Asset Management Deutschland AG BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Canada Holdings LP BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited BlackRock Advisors (UK) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Group Limited

BlackRock (Netherlands) B.V.