Fagron N.V.

Major Shareholding Notification • Mar 31, 2014

FORM TR-1 BE PARTI

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 parent undertaking or a controlling person
5) Persons subject to the notification requirement
Name (& legal form for legal persons)	Address (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	Address (for legal persons)
(& legal form for legal persons)
	Please continue entering the information in part II concerning the e de persons referred to in points 5 and 6
7) Date on which the threshold is crossed
	25/03/2014 (DD/MMYYYYY)
8) Threshold that is crossed (in %)
	$\overline{\mathbf{3}}$
	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				0.00%
JPMorgan Asset Management UK Ltd		946,804		3.02%
subtotal 1979 - Shekarar A	Kabupatèn Bandaran Sababaran Sababaran Sa	946.804		3.02%
	TOTAL	946,804		3.02%	$0.00\%$

Start with "groups" of holders. Calculate subtotals and then finish with the persons 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)		$\mathbf o$	0.00%

The totals will be updated once you have clicked on

TOTAL (Voting rights & Equivalent financial (Instruments)	# of voting rights	% of voting rights
e o trotte so de	946.804	$3.02\%$

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 of ownership available upon request.

12) In case of proxy voting for only one GM

Holder

will cease to hold / will hold again

$\circ$

voting rights as of

SMA

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
Decree of 14 February 2008.				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
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	Contractor
Done at	25 Bank Street, London, E14 5JP
On	28/03/2014	(DD/MM/YYYY)
Name & capacity
	Tung T Le		Signature	$\sigma_{\rm C}$