D'Ieteren Group

AGM Information • May 15, 2019

VOTE BY CORRESPONDENCE

The undersigned

First name ……………………………………………………………………………………………………………………………………………………
Family name ………………………………………………………………………………………………………………………….………………………
Address …………………………………………………………………………………………………………………………………………………………
or
Corporate name………………………………………………………….…………………………………………………………………………………
Legal form………………………………………………………………………………………………………………………………………………………….

Registered office …………………………………………………………………………..……………………………………………………………...

hereby represented by …………………….…………………………………………………………………………………………………………… (family name, first name, title of the proxy holder) whom declares and certifies to the SA D'Ieteren NV to have the necessary power of attorney to sign this form on behalf of the shareholder

owner on the record date of Thursday May 23rd, 2019 at midnight (Belgian time), of………………….………… registered/dematerialised shares (*)held with …………………………………………………… (name of the financial institution), of SA D'Ieteren NV with registered office located at rue du Mail 50, 1050 Brussels, Company Register 0403448140, and with which he/she hereby declares to vote

votes as indicated below with respect to the items on the agenda of the Ordinary and Extraordinary General Meetings of the company which will take place on Thursday June 6th, 2019, at 3:00 pm at the company's registered office.

(*) Delete where applicable

ORDINARY GENERAL MEETING(**)

Point 1 [This item does not require a vote]	Point 2 vote in favour vote against abstain	Point 3 vote in favour vote against abstain	Point 4 (directors) vote in favour vote against abstain
Point 4 (statutory auditor) vote in favour vote against abstain	Point 5.1 vote in favour vote against abstain	Point 5.2 vote in favour vote against abstain	Point 5.3 vote in favour vote against abstain
Point 5.4 vote in favour vote against abstain	Point 5.5 [This item does not require a vote]

(**) Please indicate your vote by ticking the appropriate box

EXTRAORDINARY GENERAL MEETING(**)

Point 1
vote in favour
vote against
abstain

(**) Please indicate your vote by ticking the appropriate box

This original form of vote by correspondence, duly filled in and signed, must be addressed to Euroclear Belgium, Issuer Services, at the following address: 1, Bd du Roi Albert II, 1210 (Belgium), on Friday May 31st, 2019, at 4:00 pm (Belgian time) at the latest. Please note, however, that Thursday May 30th is a bank holiday in Belgium and that it is, therefore, advisable for shareholders to ensure that the mentioned forms (if sent by post) reach Euroclear Belgium on Wednesday May 29th by the latest.

In addition, the owners of dematerialized shares must send to Euroclear Belgium, at the addresses mentioned above and within the same timeframe, a certificate set out by their agreed account holder or clearing institution, attesting the number of dematerialised shares held in the shareholder's name in their books at the registration date with which he/she/it has here above declared to vote.

This vote by correspondence is irrevocable. It remains valid (a) for the following General Meetings which would be held with the same agenda and (b) for the items on this agenda, if this agenda is completed in accordance with Article 533ter of the Company Code and published after the date at which the shareholder has sent the present form to the above mentioned address. Shareholders who vote by correspondence may attend the Meetings but will not be permitted to vote in person or by proxy.

The company does not deliver access cards.

The company reserves the right to refuse documents which are not filled out properly or which are not complete.

Made in ………………..……………, on ………………………..…………. 2019.

Family name: First name:

Signature:

Enclosed: Agenda of the Ordinary and Extraordinary General Meetings of June 6th, 2019

ORDINARY GENERAL MEETING Agenda

• 1. Directors' and Auditor's reports on the annual and consolidated accounts for the financial year 2018. Communication of the consolidated financial statements for the year 2018.
• 2. Approval of the annual financial statements as at December 31st, 2018, including the distribution of profits.

Proposal to approve the annual financial statements as at 31 December 2018, including the distribution of profits.

• 3. Remuneration Report 2018. Proposal to approve the Remuneration Report included in the Corporate Governance Statement of the Annual Report 2018.
• 4. Discharge to the Directors and to the statutory auditor.
• Proposal to give discharge through separate voting:
• o to all Directors in function in 2018
• o to the statutory auditor

for carrying out their functions in 2018.

• 5. Appointment of new directors and renewal of directors.
• 5.1. Proposal to renew the mandate of Mr Nicolas D'Ieteren, as director, for a period of 5 years expiring at the end of the Ordinary General Meeting of 2024.
• 5.2. Proposal to renew the mandate of Mr Olivier Périer, as director, for a period of 4 years expiring at the end of the Ordinary General Meeting of 2023.
• 5.3. Proposal to renew the mandate of Mrs Michèle Sioen, as director, for a period of 4 years expiring at the end of the Ordinary General Meeting of 2023.
• 5.4. End of Mrs Sophie Gasperment's mandate as director, and proposal to appoint Gemms Partners SARL, permanently represented by Mrs Sophie Gasperment, as independent director in the meaning of article 526ter of the Company Code (all criteria being met for this candidate), for a period of 3 years expiring at the end of the Ordinary General Meeting of 2022.
• 5.5. End of Axel Miller's mandate as managing director, with effect as from April 8, 2019.

EXTRAORDINARY GENERAL MEETING Agenda

• 1. Renewal of authorized capital. Communication of the special report of the Board of Directors. Modification of the Articles of Association.
• 1.1. Communication of the special report of the Board of Directors of February 28, 2019, in accordance with Article 604 of the Companies Code, containing the presentation to the General Meeting of the reasons justifying the renewal of the authorized capital, including the circumstances in which the Board of Directors will be able to use it and the objectives it will pursue.
• 1.2. Proposal to grant the Board of Directors a new authorization for a period of five years to increase the capital up to a maximum amount of SIXTY MILLION EURO (60,000,000 EUR) in accordance with article 9bis of the Articles of Association:

The capital increases decided pursuant to this authorization may be carried out either by contributions in cash or in kind within the limits permitted by the Companies Code, or by incorporation of disposable or non-disposable reserves or issue premiums, with or without creation of new shares, whether preferred or not, with or without voting rights, with or without subscription rights.

The new shares to be subscribed in cash are offered by preference to the shareholders, in proportion to the part of the capital which their shares represent. The Board of Directors may, however, limit or remove, in accordance with the corporate interest and according to the conditions prescribed by law, the preferential subscription right for the capital increases decided by it, including in favour of one or more specified persons.

The Board of Directors is authorized to decide, within the framework of the authorized capital, the issue of bonds convertible into shares, of subscription rights or securities that may give rights to shares of the company, in accordance with the conditions set by the Companies Code, and up to a maximum amount such that the amount of capital increases that may result from the exercise of the rights and securities referred to above does not exceed the limit of the remaining authorized capital. The Board of Directors may limit or waive, in accordance with the corporate interest and under legal conditions, the preferential subscription right in the event of issues of bonds convertible into shares, of subscription rights or securities that may give entitlement to shares of the company, including in favour of one or more specified persons.

1.3. Proposal to replace the text of the first two paragraphs of Article 9bis of the Articles of Association as follows:

"On the dates and on the terms and conditions it fixes, the Board of Directors is authorized to increase the share capital on one or more occasions up to a maximum amount of SIXTY MILLION EUROS (EUR 60,000,000).

This authorization is valid for a period of five years from the publication in the Belgian State Gazette of the amendment of the articles of association decided by the Extraordinary General Meeting of June six, two thousand and nineteen. "

1.4. Proposal to grant all powers to the Board of Directors to implement this resolution, and more specifically with a view to coordinating the articles of association.

1.5. Proposal to grant all powers to an employee of the cooperative limited liability company, "Berquin Notaires", to draft the text of the coordination of the articles of association of the Company, sign it and file it with the registry of the competent company court, in accordance with the relevant legal provisions.