Eckert & Ziegler BEBIG

IMPLEMENTATION OF THE REVERSE STOCK SPLIT OF THE ECKERT & ZIEGLER BEBIG SA SHARES AND BENEFICIARY SHARES / MERGER BY ACQUISITION OF THE COMPANY BRACHYSOLUTIONS SPRL - Seite 3

Examples:

• The shareholder currently holding 20 shares will receive 2 new shares and no compensation.
• The shareholder currently holding 27 shares will receive 2 new shares and a compensation corresponding to the net proceeds of the sale of 7/10 (seven tenths) of one new share.

The shareholder currently holding 7 shares will receive no new share but a compensation corresponding to the net proceeds of the sale of 7/10 (seven tenths) of one new share.

Amendment of article 5 of the articles of association and exchange of shares

The distribution of the new shares is due to take place on 10 November 2016 (Payment date), i.e. the day following the record date.

An extraordinary general shareholders' meeting is convened on 10 November 2016 to amend article 5 of the articles of association to refer to the new number of shares and beneficiary shares. On that date, the new shares will be released to the financial institutions. The exchange of shares and beneficiary shares will take place automatically (i) in the register of shareholders for the holders of registered shares and in the register of beneficiary shares for the holders of beneficiary shares and (ii) on the securities account for the holders of dematerialized shares, without shareholders or holders of beneficiary shares being obliged to take any steps whatsoever.

Determination of the Compensation for fractions of shares

As from Payment Date, any fractions of shares which might appear will be consolidated by Euroclear Belgium. The consolidation of odd lots will be made during the week of 14 November 2016. Euroclear Belgium will be responsible for selling the new shares resulting from the consolidation of odd lots to Eckert & Ziegler EZAG at a price equal to the average trading price of the 30 days prior the date of the effective reverse stock split date. The distribution of the new shares resulting from the consolidation of odd lots to Eckert & Ziegler EZAG shall take place on 21 November.

The net proceeds of the sale will be divided between the holders of odd lots prorata, without additional charges.

Payment of the compensation for the left over

The holders of dematerialised shares will receive payment of the compensation for odd lots to the bank account linked to their securities account, without having to do anything. This payment will be made during the week of 21 November 2016.

The holders of registered shares will receive a letter inviting them to confirm their bank details. Shareholders whose details will be known by Euroclear Belgium will receive payment of the compensation for odd lots to the account in question.