PRESS INFORMATION

Héricourt, 13 June 2017

GAUSSIN acquires a debt of €11.3 million for €2.3 million A positive impact of €9 million on the income statement and company equity

GAUSSIN SA (ALGAU - FR0010342329) announces an agreement for repurchase of a debt of 11,300,000 euros resulting from financing put into place in April 2014. The purpose of this operation is to improve the structure of the company's balance sheet by significantly reducing its debt and increasing its equity.

On 30 April 2014, GAUSSIN had contracted a loan repayable ultimately starting in 2018, amounting to 13,000,000 euros over a maximum period of 7 years (see press release dated 30 April 2014). This financing carries interest due annually at the rate of 8%, i.e. 1 million euros per year, up to 2020 and at the rate of 9% thereafter, i.e. 1.2 million euros per year.

GAUSSIN entered into an agreement with the creditors holding 86.93% of the amount of this debt,

i.e. a face value of 11,300,000 euros, with a view of repayment of their debt securities for a balance amount for all accounts of 2,340,000 euros. GAUSSIN equally saves the interest expense in its income statement for the years ending 2017-2021, i.e. a cumulative amount of 4.6 million euros. In total, the transaction represents a net cash-savings of 13.6 million euros if one considers what the company should have paid out over the balance of the loan term (principal and interest).

Lastly, from an accounting standpoint, the transaction will result in a positive impact of 8.9 million euros in GAUSSIN's income statement and in the shareholders' equity.

Half of the 2.34 million euro settlement took place at the time of the acquisition; the other half being scheduled for 15 July 2017.

Upcoming Meetings

GENERAL ASSEMBLY on 15 June 2017 BSAR/BSA 2016/BSA 2016 NC SHAREHOLDERS' ASSEMBLIES on 15 June 2017 TOC EUROPE in Amsterdam from 27-29 June 2017 About GAUSSIN

GAUSSIN MANUGISTIQUE® specializes in the audit of handling processes and the realization of wheeled systems for the placement and transport of heavy, bulky or delicate loads. With more than 50,000 materials- handling vehicles across the globe, GAUSSIN Manugistique enjoys a strong reputation in four growing markets: Energy, Transport, Environment and Raw Materials. GAUSSIN MANUGISTIQUE® has been listed on Alternext since 16 June 2010. Since 20 July 2012, GAUSSIN shares have been listed on the E2 quotation group (Public offer) since obtaining the AMF Visa no. 12-360 by the date of 17/07/12 in the Prospectus, available free of charge from www.gaussin.com.

Contacts

GAUSSIN

Christophe Gaussin, invest@gaussin.com

+33(0)3.84.46.13.45

Ulysse Communication

Nicolas Daniels, ndaniels@ulysse-communication.com

+33(0)6.63.66.59.22

Find all information about GAUSSIN at www.gaussin.com

Gaussin SA published this content on 13 June 2017 and is solely responsible for the information contained herein.
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