Lagardere SCA will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on May 6, 2014. Under the program, the company will repurchase up to 7,254,283 shares, representing 5.53% of its shares, at a maximum purchase price of €40 per share, for a total maximum cost of €500 million. The purchase price will be adjusted where applicable to take account of any capital transactions such as a capitalization of reserves, earnings or share premiums and free share awards, a stock split or a reverse stock split.

The shares may be purchased, or otherwise transferred by any means permitted by the regulations, including over the counter transactions, block purchases or sales and the use of derivatives (purchases of calls). The authorization may be used to award free shares to employees, to award shares upon the exercise of share purchase options, to award shares to employees as part of its profit sharing scheme, to award shares to employees for any other purpose permitted by law, to promote liquidity and make a market in the company's shares through an independent investment services provider acting under the terms of a liquidity contract that complies with a code of conduct recognized by the French financial markets authority (Autorité des marchés financiers – AMF), to reduce the share capital by cancelling all or some of the shares purchased, to keep the shares for subsequent exchange or payment as consideration for acquisitions and other external growth transactions and to tender or exchange shares upon the exercise of rights attached to securities that grant an entitlement of some kind to shares in the company. The share repurchase program shall be valid for 18 months.