Digitree Group S.A.

Earnings Release • Aug 13, 2018

Subject: Preliminary consolidated financial information for the firsthalf of 2018 year

Current Report No. 29/2018

The Management Board of Pfleiderer Group S.A. (the "Company") announcesselected preliminary consolidated financial information for the firsthalf of 2018:

EBITDA for the second quarter of 2018 decreased by 6.8% or € 2.4 millionover last year and amounts to € 32.9 million (€ 35.3 million for thesecond quarter of 2017).

Net sales for the second quarter of 2018 increased by 4.3% or € 10.8million and amount to € 264.4 million (€ 253.6 million for the secondquarter of 2017).

The EBITDA for the second quarter 2018 includes a provision of € 0.6million for possible legal and court costs related to the claimssubmitted by the insolvency administrator of Alno. The EBITDA of thesecond quarter 2017 was positively impacted by extraordinary earningslike the derecognition of liabilities of about € 5.5 million, whicharose due to changes in the renewable energy laws in Germany. Due tothis there´s a decrease of the reported EBITDA versus last year´s secondquarter, despite stronger underlying trading. The Company successfullyexecuted its key focus of passing through raw material price increasesto customers whilst growing sales.

EBITDA for the period from January 1st, 2018 until June 30th, 2018increased by 5.0% or € 3.3 million over last year and amounts to € 69.4million (€ 66.1 million for the same period of 2017).

Net sales for a period from January 1st, 2018 until June 30th, 2018increased by 5.4% or € 27.2 million and amount to € 533.2 million (€506.0 million for the same period of 2017).

The increase in EBITDA for January to June 2018 versus last year´speriod has been driven mainly by increases of prices of the Company´sproducts offsetting the significant increases in the prices of rawmaterials.

Management Board of the Company informs that the above financialinformation is preliminary and may be different from the final financialinformation, which will be contained in the extensive consolidatedreport for the first half of the year 2018 to be published by theCompany on September 30th, 2018.

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 April16th, 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 12th, 2014).

August 13th, 2018