GBL : pursues its portfolio diversification with the acquisition of 15.0% of Parques Reunidos in Spain

12 April 2017 - After 5:45 p.m.

Groupe Bruxelles Lambert (« GBL ») announces that it has reached an agreement with Arle Capital Partners (« Arle ») to acquire, through a wholly-owned subsidiary, a 15.0% interest in the capital of Parques Reunidos Servicios Centrales, S.A. (« Parques »), representing an investment of EUR 208 million for GBL.

Parques is a leading global operator of leisure parks across Europe, North America and Asia. Listed on the Madrid stock exchange, Parques generated EUR 584 million of revenues in 20161.

Welcoming this investment, GBL's co-CEOs Ian Gallienne and Gérard Lamarche stated: "We are pleased to become a significant shareholder of Parques. The company's long-term growth potential fits well with our Incubator strategy and its geographical exposure will complement our existing portfolio as Parques is GBL's first Incubator investment in Spain."

The transaction is expected to settle around April 20th and is not subject to any regulatory or other third party approvals. The acquisition will be financed using part of GBL's existing cash.

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GBL is a holding company which has been listed since 1956 and whose shares are admitted to trading on the regulated market of Euronext Brussels. GBL's primary objective is to create value for its shareholders. GBL aims at building a portfolio of investments focusing on a small number of industrial and services companies that are leaders in their markets, in which it can play its role as a long-term professional shareholder. The portfolio is intended to evolve over time as companies mature and market opportunities arise. GBL invests and divests according to its objectives of value creation while maintaining a solid financial structure.

For further information regarding GBL, please contact:

Hans D'Haese, IR hdhaese@gbl.be

Tel : +32 2 289 17 71

www.gbl.be

This press release has been prepared only for information purposes. It does not constitute an offer, a solicitation, an invitation or a recommendation by or on behalf of GBL to any person to buy or sell any security nor to effect any transactions, or to conclude any legal act of any kind whatsoever.

This press release does not constitute a public offering by GBL in any jurisdiction, including in Spain.

The information contained in this press release has been compiled or arrived at from sources believed to be reliable but GBL does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use of such information.

This press release may contain statements that constitute "forward looking statements". By their very nature, forward- looking statements require GBL to make assumptions and are subject to inherent risks, uncertainties and other important

1 Fiscal year ending September 30th

factors, which give rise to the possibility that GBL's predictions, forecasts, projections, expectations or conclusions and other forward-looking information will not prove to be accurate and will not be achieved. GBL cautions readers not to place undue reliance on these statements as a number of risk factors could cause actual developments and results to differ materially from the expectations expressed in such forward-looking statements. GBL is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward looking statements whether as a result of new information, future events, or otherwise.

Any decision to purchase or sell or make any transactions or conclude any legal act of any kind whatsoever pertaining to Parques or GBL shares should only be made on the basis of the public information available regarding Parques and GBL, respectively. GBL shall not be liable for this information.

The distribution or the publication of this press release is forbidden in any jurisdiction where such distribution or publication would be unlawful. The persons located in the countries where this press release is distributed, published or otherwise made available shall abide by such restrictions.