Luxembourg, 31 st December 2018

SHARES REPURCHASE PROGRAMME Authorized by the shareholders' meeting held on 28 th June 2017 Implemented upon the decision of the Board of Directors dated 12 th September 2018

DISCLOSURE OF PURCHASES EFFECTED FROM 24 th DECEMBER 2018 to 28 th DECEMBER 2018

Market: Euronext Growth Paris Type of shares: ordinary shares ISIN FR0010245803

Trading date Number of shares purchased Weighted average price (Eur) Amount of purchases (Eur) Purpose Market
24 th December 2018 - - - - -
25 th December 2018 - - - - -
26 th December 2018 - - - - -
27 th December 2018 734 7.34 5 388 Cancellation Euronext Growth Paris
28 st December 2018 - - - - -
Total 734 - 5 388 - -

Repurchase programme full description dated 12 th September 2018 is available on Velcan's website

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Regulatory information available on                      www.velcan.lu

Investor Relations Contact                                         investor@velcan.lu

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