April 22, 2014

Share buyback

Disclosure of transaction on GBL shares from 14 April till 17 April 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 April 14, 2014 to April 17, 2014 included:

- Liquidity agreement : 6,000 GBL shares

Liquidity agreement

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

14/04/2014

3,000

73.49

73.00

73.88

220,458

Stock Exchange
Euronext

15/04/2014

3,000

73.50

73.27

73.90

220,498

Stock Exchange
Euronext

Total

6,000

73.49

440,956

- 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 April 17, 2014, GBL holds directly and through its subsidiaries 6,264,640 GBL shares representing 3.9% of the issued capital, and holds no shares under the liquidity agreement.

distributed by