CLAUDIUS FRANCE - PUBLIC OFFER FOR THE SHARES AND THE REDEEMABLE WARRANTS OF CEGID GROUP

PRESS RELEASE

Claudius France
Registered office: 33, rue de Naples, 75008 Paris
821 096 039 RCS Paris

PUBLIC OFFER FOR THE SHARES AND THE REDEEMABLE WARRANTS OF CEGID GROUP

PRICE OF THE OFFER^*:

61.00 euros per Cegid Group share (ex-dividend)

44.25 euros per Cegid Group redeemable warrant

If, following the Offer, the minority shareholders do not hold more than 5% of the share capital or voting rights of Cegid Group, Claudius France will request the implementation of a squeeze-out in accordance with article 237-14 of the AMF's General Regulation and the price paid shall be increased by 1.25 euros to 62.25 per share or 45.50 per redeemable warrant as described in Section 1.1.2 of the Information Memorandum (term defined below)

* taking into account the 1.25 euros per share dividend paid on May 13, 2016.

This press release was prepared and issued by Claudius France, a société par actions simplifée organized under the laws of France, having its registered office at 33, rue de Naples, 75008 Paris, France, registered with the Paris Register of Commerce and Companies under number 821 096 039 ("Claudius France") in accordance with the terms of articles 231-27 2° and 231-28 of the Autorité des marchés financiers (the "AMF") General Regulation.

IMPORTANT NOTICE

In accordance with article L. 433-4 III of the French Monetary and Financial Code and in accordance with articles 237-14 et seq. of the General Regulation (Règlement Général) of the Autorité des marchés financiers, in the event that, upon closing of the Offer, the number of securities not tendered into the Offer by minority shareholders represents not more than 5% of the share capital or voting rights of Cegid Group, Claudius France will request the implementation of a mandatory squeeze-out (retrait obligatoire) procedure, and as a result, Cegid Group shares and redeemable warrants would be delisted from Euronext Paris. The price to be paid by Claudius France for each share and each redeemable warrant shall then be increased by 1.25 euros which shall be paid in accordance with the terms and conditions described in Section 2.1 of the Information Memorandum (term defined below).