Fagron N.V.

Major Shareholding Notification • Mar 31, 2014

FORM TR-1 BE PARTI

1) Status of the notification
	Final
2) Issuer
Identification number 0890-535-026	Name ARSEUS
3) Reason for the notification
	Downward crossing of the lowest threshold
	Acquisition or disposal of voting securities or voting rights
4) Notification by
	A parent undertaking or a controlling person
5) Persons subject to the notification requirement
	Name	Address (for legal persons)
	(& legal form for legal persons)
	JPMorgan Asset Management Holdings Inc.	270 Park Avenue, New York, NY 10017
	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 il concerning the	803 persons referred to in points 5 and 6
7) Date on which the threshold is crossed
	24/03/2014	(DD/MMYYYYY)
8) Threshold that is crossed (in %)
	3
		If the holding has fallen below the lowest threshold, you have the option of not entering any numbers under point 10
9) Denominator
	31,358,358

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
JPMorgan Asset Management Holdings Ilnc.
JPMorgan Asset Management UK Ltd		×.
subtotal	Kabupatèn Bandaran Indonesia Kabupatén Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia Indonesia		The Contract of the Contract of the Contract of the Contract of the Contract of the Contract of the Contract of The Contract of The Contract of The Contract of The Contract of The Contract of The Contract of The Contract
	TOTAL

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
CALCULATE>

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)

The totals will be updated once you have clicked on

TOTAL (Voting rights & Equivalent financial Instruments)	# of voting rights	% of voting rights
RESIDENCE

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

Please describe, or join a diagram in attachment

The entities listed in box 10 are controlled via intermediate holding companies ultimately by JPMorgan Chase & Co.
The listed entities are discretionary investment managers that hold and exercise the voting rights in the a

12) In case of proxy voting for only one GM

Holder

will cease to hold /
will hold again

voting rights as of

$\circ$

13) Additional information

(A) Convertible bonds and rights to subscribe to voting securities not yet issued
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

B) Shares without voting rights
Holder	Number

C) Remarks
------------	--

Please note that JPMorgan Chase & Co. makes use of the exemption from the obligation to aggregate its holdings as referred to in Article 11, paragraph 2 of the Law of 2 May 2007 and Article 21 of the Royal
Decree of 14 Feb

Done at	25 Bank Street, London, E14 5JP
t ir	27/03/2014 _

(DD/MM/YYYY)

Name & capacity

Tung T Le

Signature

1 AMA