Devoteam Share Repurchase Tender Offer

Regulatory News:

Given the evolution of prices and trading volumes on its stock in recent days, Devoteam (Paris:DVT) is announcing that it will implement soon a share repurchase tender offer on approximately 1.9 million of its own shares, slightly less than 20% of the company‘s share capital at a price of 13.5 euros per share. The repurchased shares will be cancelled.

Stanislas and Godefroy de Bentzmann acting in concert who hold 23.6% of the company‘s share capital indicate that they do not intend to tender their shares to the offer.

The offer price represents a premium of 28.1% to the one month average share price, 33.1% to the one month average share price prevailing on October 3, 2013 before the evolution of the company share market and 5.6% to the closing share price of 12.78 euros on October 15, 2013.

In accordance with regulation, Devoteam will soon appoint an independent expert to issue a fairness opinion.

The share repurchase tender offer will be subject to the approval of an extraordinary general meeting of shareholders to be convened for this purpose.

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About Devoteam:

Devoteam (ISIN: FR 0000073793, Reuters: DVTM.PA, Bloomberg: DEVO FP) is an IT consulting group created in 1995, a specialized ICT Transformation partner of its clients. Combining consulting know-how and technical expertise enables Devoteam to provide its customers with independent advice, delivering innovative and industrialized end-to-end solutions.

In 2012, Devoteam achieved revenues of 515M€ and an operating margin of 3.5%. The Group has a workforce of 4 059 employees in 23 countries across Europe, North Africa and Middle East.

www.devoteam.com