Digitree Group S.A.

Capital/Financing Update • Jun 23, 2017

Subject: Refinancing - Notice of Redemption

Current Report No. 37/2017

Further to current report no. 18/2017, Pfleiderer Group S.A. (togetherwith its subsidiary PCF GmbH) announces that a notice of redemption tofully redeem the existing €321,684,000 7.875% senior secured notesissued by PCF GmbH (formerly Pfleiderer GmbH) ("Notes") has been issuedtoday. The redemption will occur on August 1, 2017 at a redemption priceof 101.969% (plus accrued and unpaid interest).

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This report was prepared pursuant to Article 17 Section 1 of Regulation(EU) No. 596/2014 of the European Parliament and of the Council of 16April 2014 on market abuse (market abuse regulation) and on repealingDirective 2003/6/EC of the European Parliament and of the Council andCommission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ EU L173/1 dated June 12, 2014).

June 23, 2017