Fagron N.V.

Transaction in Own Shares • May 5, 2014

			TELEVIT
	Click
	(DD/MM/YYYY)
5
31,358,358
	A parent undertaking or a controlling person 5) Persons subject to the notification requirement Name (& legal form for legal persons) TIAA-CREF Investment Management LLC TIAA-CREF Asset Management LLC Name (& legal form for legal persons)	Acquisition or disposal of voting securities or voting rights 6) Persons that dispose of, voting rights (Only to be filled in if art. 7 of the Law applies) Please continue entering the information in part II concerning the persons referred to in points 5 and 6 Please enter the denominator before filling in the data	Address (for legal persons) 730 Third Avenue, New York, NY 10017-3206, United States 730 Third Avenue, New York, NY 10017-3206, United States 730 Third Avenue, New York, NY 10017-3206, United States Address (for legal persons) If the holding has fallen below the lowest threshold, you have the option of not entering any numbers under point 10

10) Notified details

$\alpha$

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
Teachers Advisors Inc	108,800	287,326		0.92%
TIAA-CREF Investment Management LLI	898.138	1,348,355		4.30%
TIAA-CREF Asset Management LLC				$0.00\%$
subtotal	1,006,938	1,635,681		5.22%
	TOTAL	1,635,681		5.22%	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
"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)		0.00%

The totals will be updated once you have clicked on

TOTAL (Voting rights & Equivalent financial linstruments)		$\parallel$ # of voting rights	% of voting rights
	CALCULATE	1,635,681	5.22%

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

Please describe, or join a diagram in attachment

See Annex 1	such a state of the control of the control of the control of the control of the control of			____
_________			_

12) In case of proxy voting for only one GM

Holder

will cease to hold /
will hold again

voting rights as of

$\overline{\mathfrak{o}}$

$\left\vert \pm\right\vert$

13) Additional information

A) Convertible bonds and rights to subscribe to voting securities not yet issued
Holder	Type of financial instrument	Expiration dale (DD/MM/YYYY)	Exercise/Conversion period or date	Number	$#$ of voting rights that may be acquired if the $ $ instrument is exercised/converted

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Number

C) Remarks
	Teachers Advisers Inc and TIAA-CREF Investment Management LLC exercise the voting rights in Arseus NV with all discretionary powers.
Done at	Brussels
On	(DD/MM/YYYY) 30/04/2014
Name & capacity	$\ddot{}$ Signature Geoffroy Fink - Special Proxy Holder