Fagron N.V.

Major Shareholding Notification • Sep 11, 2014

FORM TR-1 BE PART I
1) Status of the notification
Final
2) Issuer
Name ARSEUS Identification number 0890-535-026
3) Reason for the notification
Acquisition or disposal of voting securities or voting rights
4) Notification by
A person that notifies alone
5) Persons subject to the notification requirement
Name (& legal form for legal persons)	Address (for legal persons).
FMR LLC	245 Summer Street, Boston, Massachusetts 02210, USA
6) Persons that dispose of, voting rights (Only to be filled in if art. 7 of the Law applies)
Name (& legal form for legal persons)	Address (for legal persons)
Please continue entering the information in part II concerning the	Click persons referred to in points 5 and 6
7) Date on which the threshold is crossed
	08/09/2014 (DD/MM/YYYY)
8) Threshold that is crossed (in %)
	$\sqrt{5}$
	If the holding has fallen below the lowest threshold, you have the option of not entering any numbers under point 10
9) Denominator
	31,431,360
Please enter the denominator before filling in the data

10) 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
FMR LLC	223,000	1,573,158		5 0 1%
TOTAL		1,573,158		5.01%	0.00%

Start with "groups" of holders. Calculate subtotals and then finish with the persons

who are "alone".
The totals, subtotals and % will be updated once you have clicked on

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
	TOTAL		(in relation to all expiration dates)		0.00%

The totals will be updated once you have clicked on

TOTAL (Voting rights & Equivalent financial (instruments)	# of voting rights	% of voting rights
	CALCULATE	1,573,158	5.01%

11) Chain of controlled undertakings through which the holding is effectively held, if applicable

Please describe, or join a diagram in attachment

The holdings attributable to FMR LLC arise from holdings of various undertakings for collective investment that are managed by Fidelity
Management & Research Company, Pyramis Global Advisors LLC and Pyramis Global Advisors

12) In case of proxy voting for only one GM

Holder

will cease to hold / $\circ$ voting rights as of will hold again

$\bullet$

$+$ $+$

13) Additional information

Holder	Type of financial instrument	Expiration date (DD/MM/YYYY)	Exercise/Conversion period or date	Number	# of voting rights that may be acquired if the instrument is exercised/converted

Holder	Number	$\left \cdot \right $
C) Remarks
Done at	Kingswood
On	10/09/2014 (DD/MM/YYYY)

Name & capacity

Nathan Ashworth

Signature

$N.4x1x$