LUCIBEL : First quarter 2015 revenues amounting to 7.0 M€ (+16.6%). Strong increase of international sales (+135.5%)

PRESS RELEASE

Rueil-Malmaison, 15 April 2015

First quarter 2015 revenues amounting to 7.0 M€ (+16.6%) Strong increase of international sales (+135.5%) Lucibel, a specialist of LED (light-emitting diode) lighting solutions, reviews its activity on Q1 2015.

In € Million (consolidated IFRS-compliant data, unaudited)	1st Quarter 2015 2014 % change
France In % of revenues International In % of revenues	5.3 5.3 - 75.7% 88.0% 1.7 0.7 +135.5% 24.3% 12.0%
Group Revenues	7.0 6.0 +16.6%

Lucibel achieved group revenues of € 7.0 million for the first quarter of 2015, increasing 16.6% compared to first quarter 2014. Growth is supported by international development that increased more than twofold over the quarter.
Lucibel's revenues in France are stable at € 5.3 million although some significant contracts were signed on the period but are set for later deliveries. Notably, first quarter 2015 activity do not include revenues for the € 1.2 million equipment contract concluded by Citéclaire, a group subsidiary, in October 2014 with the city of Istres 1. Currently being deployed, revenues for this project should be collected on Q3 2015. These results reflect a dynamic recurring turnover for the group in France where, despite a sluggish macroeconomic context, the LED lighting market confirms its potential.
Abroad, revenues increased by 135.5%, amounting to € 1.7 million or about a quarter of the group's revenue versus 15% on full year 2014. This strong performance confirms the group's international development strategy, focused on a selective allocation of resources to high potential regions, particularly the Middle East (United Arab Emirates, Saudi Arabia) and Africa.
Indeed, sales in the MEA area (Middle East - Africa) reached € 1 million, up 159% compared to first
quarter 2014. This figure includes the delivery of Lucibel's first significant contract in the region (€ 0.6

1 See press release, « Turnover 9 month 2014 growing 21% and € 1.2 m contract closed in October with Istres

city », October 28 2014

1

million), closed last December in Saudi Arabia for the delivery of LED lighting products under Lucibel's
brand as part of the major building project of a new city located in the Riyad area2.
Furthermore, revenues in Europe amount to € 0.6 million, thanks amongst other to Lucibel Belgium's
ramp-up.

2015 activity outlook

Lucibel's objective is to accelerate organic growth in 2015, both in France and internationally, by capitalizing on high value added markets segments and dynamic growth geographic areas, with the realization of several significant projects made possible by continuous investments in innovation.
2015 sales will be supported by:

 Fast and sustained growth of the LED lighting business, bringing to market new opportunities and projects, in France and abroad;

 New product catalog launch in April 2015 with an expanded product range;

 A focus of the group's sales force on a client centric "solution" approach, differentiating from competitors with innovative proposals such as the "Store Solution", an offer based on the LIFI technology developed and commercialized through a partnership with Schneider Electric3;

 Development of in-house commercial synergies.

Frédéric Granotier, Chairman and CEO of Lucibel, made the following comment: "Lucibel is now well structured, on the industrial side with the progressive launch of the Barentin (Normandy) manufacturing site and as well as on the commercial side, to generate significant organic growth. Our "solution" oriented strategy focused on high value added segments (Offices, health, automotive, retail and museums) confirm their potential and should allow us to win additional key accounts over the following semesters. We have massively invested in our international subsidiaries over the past years, investments generating substantial growth abroad, especially on the high potential Middle Eastern market."

Next financial releases

21 July 2015 after the market closing : Half-year 2015 Revenues 17 September 2015 after the market closing : Half-year 2015 Results 15 October 2015 after market closing : 3rd Quarter 2015 Revenues 20 January 2016 after market closing : 2015 Revenues 30 March 2016 after market closing : 2015 Results

2 See Lucibel press release, « Yearly revenues 2014 amounting to € 24.6m (+14%) », January 28 2015

3 See Lucibel press release, « Schneider Electric and Lucibel partner up to create SLMS », March 27 2015

2

About Lucibel

Lucibel is a French innovative company, designer of new-generation lighting products and solutions based on LED technology marketed in over 30 countries. For more information, please visit company website at www.lucibel.com

Lucibel is listed on Alternext Paris/Ticker: ALUCI/ISIN code: FR0011884378

Lucibel is eligible for French equity savings plans (PEA), SME equity savings plans (PEA-PME) and innovation investment funds (FCPI)

Follow us on social media:

Lucibel LedLucibel Lucibel LedLucibel FredGRANOTIER

Press contacts

Cinquième Pouvoir/The Desk

Stéphanie Kanoui / 01 40 54 19 60 [e-mail]

Calyptus

Mathieu CALLEUX / 01 53 65 68 68 [e-mail]

Lucibel

Perrine SIMON

[e-mail]

Investors contact Liquidity provider

Lucibel

Gilles AUBAGNAC

[e-mail]

Louis Capital Markets

Maxime Aboujdid / 01 53 45 10 71 [e-mail]

3