JACCAR SELLS ITS REMAINING 20% STAKE IN PIRIOU

TO THE COMPANY MANAGEMENT

As of 30 December 2013, JACCAR is no longer a shareholder in PIRIOU after selling the remainder of its shareholding (20%) to the group's Management. All JACCAR HOLDINGS' shares were bought by the Managers (* see details below). PIRIOU's managers now own 80% of the shares and two financial investors, ARKEA CAPITAL INVESTMENTS and SOCIETE GENERALE CAPITAL PARTENAIRES (SGCP), who bought into the group in April 2013, own 10% each.

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