Cerberus Informs Solocal of Changes in Its Ownership in the Share Capital of the Company

Regulatory News:

Solocal Group (Paris:LOCAL)

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Cerberus Capital Management L.P. ("Cerberus”), through its subsidiaries Promontoria Holding 55 B.V. ("Promontoria”), and Mediannuaire Holding SAS ("MDH”), today informed the Company of a change in its ownership in share capital of the Company.

MDH is 74.97% owned by Promontoria, itself controlled by Cerberus, which is itself ultimately controlled by Stephen A. Feinberg. The remaining share capital of MDH is owned by funds managed by Goldman Sachs Merchant Banking Division for 15.02% and by funds managed by KKR Europe II Limited and KKR Millennium Limited for 10.01%.

Today, Promontoria informed the Company having, directly and indirectly though MDH which it controls, crossed downwards the following statutory thresholds:

• 6% of the share capital on 13 June 2014 ;
• 8% of the voting rights on 11 June and 7% on 18 June 2014.

Promontoria also informed the Company today having crossed downwards, individually, the following statutory thresholds:

• 2% of the share capital on 14 June 2014 ;
• 2% of the voting rights on 13 June 2014.

About Solocal Group

Solocal Group, the leader in local communication, became the new name of PagesJaunes Groupe on 5 June 2013. The Group offers online content, advertising solutions and transactional services that connect consumers and clients locally. It brings together around 4,500 people, including more than 2,200 advisors in local communication in France and Spain to support the digital development of companies (SMEs and micro businesses, tier 1 brand accounts, etc.), 17 strong and complementary brands (PagesJaunes, Mappy, 123people, 123deal, A vendre A louer, Embauche.com, Keltravo, Chronoresto, ZoomOn, Solocal Network, ComprendreChoisir, ClicRDV, PJMS, Horyzon Media, Leadformance, QDQ, Editus and Solocal Group) and nearly 650,000 clients. In 2013, Solocal Group generated nearly 1 billion euros in revenues, of which 63% via the Internet, and thus ranks among the key European players in terms of online advertising revenues. Solocal Group is listed on NYSE Euronext Paris (LOCAL). Information on Solocal Group is available at www.solocalgroup.com.

This press release contains forward-looking statements. Although Solocal Group feels that its estimates are based upon assumptions which we believe to be reasonable, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in said forward-looking statements. For a discussion of risks and uncertainties which could cause actual results, financial condition, performance or achievements of Solocal Group to differ from those contained in the forward-looking, please refer to the "Risk factors" section of the "Document de Référence" filed with the French financial markets authority (AMF) and available on the Internet sites of the AMF (www.amf-france.org) and of Solocal Group (www.solocalgroup.com).

This press release and the information it contains are not an offer to sell or to subscribe or a solicitation of an order to buy or subscribe for securities in Solocal Group in any country whatsoever.

This press release is not an offer or a solicitation of an offer to sell or to subscribe to marketable securities in France. The capital increase with pre-emptive subscription rights mentioned in this press release which will be dealt with in a prospectus that will be submitted for approval (visa) of the Autorité des Marchés Financiers.

With respect to the member States of the European Economic Area that have implemented Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 (the "Prospectus Directive"), no action has been undertaken or will be undertaken to make an offer to the public of the marketable securities concerned by this press release requiring a publication of a prospectus in any relevant member State other than France. Consequently, the marketable securities cannot be offered and will not be offered in any of the member States other than France, save as otherwise provided for in Article 3(2) of the Prospectus Directive, if they have been implemented in this member State or in the other cases that do not require the publication by Solocal Group of a prospectus with regards to Article 3(2) of the Prospectus Directive and/or the regulations that apply in this member State.

This press release does not constitute an offer to sell marketable securities in the United States or any other country. The marketable securities concerned by this press release cannot be offered or sold in the United States without registration or exemption from the registration requirement in application of the U.S. Securities Act de 1933 such as modified. Solocal Group is not planning to register these marketable securities or to make an offer to the public of the marketable securities in the United States.

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The distribution of this press release in certain countries may constitute a violation of the statutory provisions in force.