Rothschild & Co

M&A Activity • Mar 9, 2016

Press Release

Paris, 9 March 2016

Rothschild & Co announces the acquisition of L&Co

We are pleased to announce that Frank Demoen and Yves Vervaet, founding partners of L&Co Belgium ("L&Co"), will join the Global Financial Advisory ("GFA") business of Rothschild & Co and create a fully-fledged GFA office in Brussels. They bring with them a team of seven bankers, as well as Remmert Laan who will act as senior adviser to our Benelux GFA business.

In 2015 Frank and Yves created L&Co as a spinoff from Leonardo & Co, to provide financial advisory services to a diversified set of Belgian clients including large corporates, public sector clients and private equity groups. Since 2010, this team successfully advised on over 60 transactions.

Frank Demoen and Yves Vervaet will join Rothschild as managing directors and they will be joined by a team of seven bankers. In addition, Remmert Laan will act as senior adviser to Rothschild Global Financial Advisory business in Benelux.

With their collective investment banking experience, a successful team and track record, Frank and Yves will enable Rothschild to considerably enhance its market position in Belgium. They will work closely with Fabien Lenoir's Transaction R team in Belgium. Established in 2013 Transaction R focuses on transactions with a value below €100m. Christian de Marnix will continue to contribute to Transaction R Belgium's development as senior advisor.

Robert Leitão, head of Rothschild Global Financial Advisory said: "We have been extremely impressed with Frank and Yves and their team, with their financial advisory approach and the synergies with our business. We look forward to working with them and building on/ expanding on the success of our existing team in the region."

Frank Demoen and Yves Vervaet stated: "We are delighted to be joining Rothschild Global Financial Advisory and believe our clients will derive real benefit from being part of such a prestigious institution. Our current financial advisory capabilities will be strengthened as we share resources with their teams and sector expertise around the world. We are looking forward to growing our product capability for our existing and future clients and diversifying our product offering as a result of this partnership.

Financial calendar

22 June 2016 after market close Results of the financial year 2015/2016

9 August 2016 after market close Publication for the first quarter of FY 2016/2017

About Rothschild & Co

Rothschild & Co operates in the following areas:

• Global Financial Advisory provides advisory services for mergers and acquisitions, debt financing and restructuring, and equity capital markets;
• Wealth & Asset Management, and
• Merchant Banking which comprises third party private equity and private debt business and proprietary investments.

Rothschild & Co is a French partnership limited by shares (société en commandite par actions) with a share capital of €142,274,072. Paris trade and companies registry 302 519 228. Registered office: 23 bis avenue de Messine, 75008 Paris, France. Rothschild & Co is listed on Euronext in Paris, Compartment A - ISIN Code: FR0000031684. Rothschild & Co share is PEA-PME eligible

Investor relations Press and Media

Marie-Laure Becquart

marie-laure.becquart@rothschild.com Tél. : +33 (0)1 53 77 65 10 www.rothschildandco.com

France DGM Conseil +33 1 40 70 11 89 Michel Calzaroni - m.calza@dgm-conseil.fr Olivier Labesse- labesse@dgm-conseil.fr

United Kingdom Smithfield +44 20 7360 4900 John Kiely - jkiely@smithfieldgroup.com Alex Simmons - asimmons@smithfieldgroup.com