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Targetspot S.A.

Board/Management Information Mar 5, 2019

4007_rns_2019-03-05_1c58125b-a25d-4a43-ad37-4ee03d5dd730.pdf

Board/Management Information

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Press release

www.audiovalley.com

5 March 2019 – 17:40 CEST AudioValley: Caroline Dupuis [email protected] Actifin: Victoire Demeestère [email protected]

The Jamendo division welcomes Jocelyn Seilles as its new Managing Director

AudioValley (ISIN code: BE0974334667/ticker symbol: ALAVY) today announces the appointment of Jocelyn Seilles as Managing Director of Jamendo, the commercial platform for professional media projects.

Jocelyn Seilles has an in-depth understanding of the digital music business. In the course of a career spanning 20 years, Jocelyn Seilles has gained solid managerial skills and genuine recognition within the music industry. Notably, he managed the world-famous French pop artist Sébastien Tellier. He was also involved in the rise of the Radionomy division in the role of CFO.

Jocelyn Seilles is now tasked with bringing new energy to the development of the Jamendo division, which operates in an environment where opportunities still abound. In order to meet the objectives of this strategic mission, he intends to build on the company's three main strengths: its extensive catalogue of more than 600,000 titles including around 223,000 under licence, its international presence with direct operations in the United States and its independent management entity status gained in the past month.

"I'm delighted to have the opportunity to contribute once again to the development of the AudioValley Group. I've been familiar with Jamendo for a long time. The company has undeniable assets across the sector, and a number of challenges still remain. That's why I'm more than excited to be taking up this new position within a team of passionate professionals!" says Jocelyn Seilles.

CONTACTS

AUDIOVALLEY

Caroline Dupuis +32 (0) 2 466 31 60 [email protected]

ACTIFIN, financial communication Victoire DEMEESTERE +33 (0)1 56 88 11 11 [email protected]

ACTIFIN, financial press relations Jennifer Jullia +33 (0)1 56 88 11 19 [email protected]

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