March 17, 2014

Share buyback

Disclosure of transaction on GBL shares from 10 March till 14 March 2014 (included)

Implementation of the authorization of the General Shareholders' Meeting of April 12, 2011

GBL, directly and through its subsidiaries, acquired during the period from March 10, 2014 to March 14, 2014 included:

- Liquidity agreement : 62,500 GBL shares

Liquidity agreement

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

10/03/2014

2,500

71.45

71.40

71.98

178,633

Stock Exchange
Euronext

12/03/2014

22,500

70.96

70.60

71.49

1,596,692

Stock Exchange
Euronext

13/03/2014

25,000

70.73

70.43

71.10

1,768,292

Stock Exchange
Euronext

14/03/2014

11,977

69.45

69.02

70.16

831,750

Stock Exchange
Euronext , Turquoise, Chi-X, BATS

14/03/2014

523

69.51

-

-

36,355

OTC

Total

62,500

70.59

4,411,722

- Share buyback program: 0 GBL shares

Share buyback program

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

-

-

-

-

-

-

-

The summary of the acquisitions in the share buyback program as from July 1st, 2009 is available under section "Legal Aspects / Share Capital" of the websitehttp://www.gbl.be .

At March 14, 2014, GBL holds directly and through its subsidiaries 6,335,282 GBL shares representing 3.9% of the issued capital, and holds 27,500 shares under the liquidity agreement.

distributed by