TECHNICOLOR

Q3 2018 TRADING COMMENTARY - Seite 3

Outlook

For the rest of the year, Technicolor expects a year-on-year decline of more than 15% in the Group's North American video cable sales, continued pressure on component costs and volatility in the DVD Services market.

Having stepped up its transformation and cost adjustment actions as a result of tougher than expected H2 market conditions, Technicolor confirms it expects an Adjusted EBITDA from continuing operations broadly stable compared to 2017 at constant exchange rates. This assumes no further market deterioration.

Board's composition

The Board of directors has co-opted as a Director Maarten Wildschut, who joined the Board as an Observer in July, in replacement of Hilton Romanski. Mr. Romanski and Ms. Birgit Conix have recently resigned from their positions as Directors of the company subsequent to assuming new professional positions as respectively Partner at Siris Capital, a major private equity firm, and CFO at TUI Group, the world number one tourism business.

Financial calendar

FY 2018 Results

24 February 2019

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Warning: Forward Looking Statements

This press release contains certain statements that constitute "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions or which do not directly relate to historical or current facts. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward-looking statements. For a more complete list and description of such risks and uncertainties, refer to Technicolor's filings with the French Autorité des marchés financiers.

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About Technicolor

Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go.