March 24, 2014

Share buyback

Disclosure of transaction on GBL shares from 17 March till 21 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 17, 2014 to March 21, 2014 included:

- Liquidity agreement : 17,500 GBL shares

Liquidity agreement

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

17/03/2014

5,000

70.24

69.43

70.46

351,176

Stock Exchange
Euronext

18/03/2014

11,141

70.03

69.87

70.91

780,213

Stock Exchange
Euronext, Turquoise, Chi-X, BATS

18/03/2014

1,359

70.01

-

-

95,143

OTC

Total

17,500

70.09

1,226,532

- Share buyback program: 0 GBL shares

Share buyback program

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

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 21, 2014, GBL holds directly and through its subsidiaries 6,307,782 GBL shares representing 3.9% of the issued capital, and holds no shares under the liquidity agreement.

distributed by