March 31, 2014

Share buyback

Disclosure of transaction on GBL shares from 24 March till 28 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 24, 2014 to March 28, 2014 included:

- Liquidity agreement : 20,350 GBL shares

Liquidity agreement

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

24/03/2014

12,850

70.91

70.63

71.75

911,235

Stock Exchange
Euronext

25/03/2014

5,571

71.00

70.78

71.24

395,548

Stock Exchange
Euronext, Turquoise, Chi-X, BATS

25/03/2014

1,929

70.99

-

-

136,949

OTC

Total

20,350

70.95

1,443,732

- 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 28, 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