Consolidated financial information as at 30 June 2013 Board of Directors of 24 July 2013Unofficial translation of the French-language "Informations financières consolidées au 30 juin 2013" of Solocal Group, for information purposes only.

This English-language translation of the consolidated financial information prepared in French has been provided solely for the convenience of English-speaking readers should be read in conjunction with, and construed in accordance with French law and accounting standards applicable in France. In the case of any divergences with the French original and the English version, only the French original has legal value. In consequence, the translations may not be relied upon to sustain any legal claim, nor be used as the basis of any legal opinion. Despite all the efforts devoted to this translation, certain errors, omissions or approximations may subsist. Solocal Group, its representatives and employees decline all responsibility in this regard.

Solocal Group

Public limited company with a Board of Directors with capital of 56,196,950.80 euros Registered office: 7 avenue de la Cristallerie - 92317 Sèvres Cedex Commercial and Companies Register Nanterre 552 028 425

CONTENTS
1. Activity report as at 30 June 2013 ................................................................................... 2
1.1. Overview .................................................................................................................. 2
1.2. Commentary on the results as at 30 June 2013 .............................................................. 3
1.2.1. Analysis of the revenues and gross operating margin of the Internet segment ................. 5
1.2.2. Analysis of the revenues and gross operating margin of the Printed Directories segment ... 5
1.2.3. Analysis of the revenues and gross operating margin of the Other businesses segment ..... 6
1.2.4. Analysis of consolidated operating income .................................................................. 6
1.2.4.1. Employee profit-sharing and share-based payment ................................................... 7
1.2.4.2. Depreciation and amortisation ............................................................................... 7
1.2.4.3. Operating income ................................................................................................ 7
1.2.5. Analysis of income for the period .............................................................................. 7
1.2.5.1. Financial income .................................................................................................. 8
1.2.5.2. Corporation tax ................................................................................................... 8
1.2.5.3. Income for the period ........................................................................................... 8
1.3. Consolidated liquidities, capital resources and investment expenses .................................. 9
1.4. Risks and uncertainties relating to the second half of 2013 ............................................. 11
2. Consolidated condensed accounts .................................................................................. 12
2.1 - Consolidated income statement .................................................................................... 12
2.2 - Statement of comprehensive income ............................................................................. 13
2.3 - Statement of financial position ..................................................................................... 14
2.4 - Statement of changes in equity .................................................................................... 15
2.5 - Cash flow statement ................................................................................................... 16
2.6 - Notes to the consolidated financial statements ............................................................... 17
Note 1 - Description of the business ..................................................................................... 17
Note 2 - Context of publication and basis for preparation of the consolidated condensed financial
statements ........................................................................................................................ 17
Note 3 - Segment information ............................................................................................. 19
Note 4 - Financial income .................................................................................................... 21
Note 5 - Corporation tax ..................................................................................................... 22
5.1 - Group tax analysis ...................................................................................................... 22
5.2 - Taxes in the balance sheet........................................................................................... 23
Note 6 - Derivative financial instruments ............................................................................... 24
Note 7 - Cash and cash equivalents, net financial debt ............................................................ 25
Note 8 - Share-holders' equity ............................................................................................. 26
Note 9 - Digital 2015: Operational transformation and additional digital growth .......................... 27
Note 10 - Changes in the scope of consolidation ..................................................................... 27
Note 11 - Information on related parties ............................................................................... 27
Note 12 - Off-balance-sheet commitments ............................................................................ 27
Note 13 - Disputes - significant changes over the half-year ..................................................... 27
Note 14 - Events subsequent to the closing date of 30 June 2013 ............................................. 27.

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