Fagron N.V.

Major Shareholding Notification • Mar 21, 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
	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 (& legal form for legal persons)	Address (for legal persons)
	Please continue entering the information in part il concerning the	83 persons referred to in points 5 and 6
7) Date on which the threshold is crossed
	13/03/2014	(DD/MMYYYYY)
8) Threshold that is crossed (in %)
	$\overline{3}$
		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
Holders of voting rights	# of voting rights	I Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
				0.00%	0.00%
JPMorgan Asset Management Holdings in		945.138		3.01%	0.00%
UPMorgan Asset Management UK Ltd		945,138		3.01%
subtotal TOTAL		945,138		3.01%	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)		o	0.00%

The totals will be updated once you have clicked on

I TOTAL (Voting rights & Equivalent financial (instruments)	# of voting rights	% of voting rights
Barth The Theodore	945.138	3.01%

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

$\circ$

voting rights as of

13) Additional information

$\overline{\phantom{a}}$

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
		$\sim 10^{-11}$	the contract of the contract of the contract of the contract of		$\sim 10^{12}$ km
			$\label{eq:2.1} \mathcal{L}(\mathcal{L}) = \mathcal{L}(\mathcal{L}) = \mathcal{L}(\mathcal{L}) = \mathcal{L}(\mathcal{L}) = \mathcal{L}(\mathcal{L}) = \mathcal{L}(\mathcal{L})$
		$\sim 200$			$\label{eq:2.1} \mathcal{L}(\mathcal{L}^{\text{max}}{\text{max}}(\mathcal{L}^{\text{max}}{\text{max}}), \mathcal{L}^{\text{max}}{\text{max}}(\mathcal{L}^{\text{max}}{\text{max}}))$ A.
Done at	25 Bank Street, London, E14 5JP
On	17/03/2014	(DD/MM/YYYY)
Name & capacity
	Tung T Le		Signature