April 7, 2014

Share buyback

Disclosure of transaction on GBL shares from 31 March till 4 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 March 31, 2014 to April 4, 2014 included:

- Liquidity agreement : 20,000 GBL shares

Liquidity agreement

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

03/04/2014

17,718

72.58

72.43

73.14

1,285,984

Stock Exchange
Euronext, BATS, Chi-X

03/04/2014

2,282

72.62

-

-

165,716

OTC

Total

20,000

72.58

1,451,700

- 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 4, 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