Digitree Group S.A.

Regulatory Filings • Sep 26, 2017

Luxembourg

Luxembourg, September 25, 2017

Pfleiderer Group SA. Millennium Tower IV ul. Strzegornska 42kB 53-611 Wroclaw Republic ofPoland

For the attention of: the Mana ement Board of Pfleiderer Grou SA.

Dear Sirs,

We refer to our notice to hie Management Board of Pfleiderer Group S.A. (the "Company") dated June 19, 2017 (the "Notice") expressing Atlantik's support for die authorisation for the Management Board of the Company to launch ^a buy-back program, on the tenus set forth in the draft resolution (formulated in ^a way proposed by one of hie Company's shareholders i.e. Brookside S.à ri.), which was eventually adopted by die General Meeting ofthe Company held on June 21, 2017.

Upon review ofthe detailed ternis ofthe buy-back program as announced by the Company on September 20, 2017, we hereby sustain our position expressed in die Notice and we believe that die buy-back program will contribute to the enhancement ofthe long-tenu shareholders' value.

Consequently, for the time being, Atlantik does not intend to seil the Company's shares in die course ofthe buy-back program announced by the Company.

Veiy truly yours,

On behaif of Atlantik S.A.:

Michael F. Keppel Direcior A

Paolo Antonietti Direcior B