IdB : Publication BMHSA 1st half 2017 - final

5 October 2017 PUBLICATION Results first half year 2017 Blue Marlin Holdings S.A.

Blue Marlin Holdings S.A. ("the Company" and formerly named IdB Holdings S.A.) reports a consolidated net loss of

€ 2.4 million for the six month period ended 30 June 2017, compared to a loss of € 3.2 million for the six month period ended 30 June 2016.

On 2 January 2017 the receivable of € 37,000 thousand in respect of the sale of the associate Bank Insinger de Beaufort N.V ("the Bank") has been received. Furthermore, agreement has been reached on the final determination of the net asset value of the Bank as at 31 December 2016 and the final sale price for the 36.98% shareholding in the Bank. This resulted in a downward adjustment on the estimated sale price of € 2,034 thousand, which has been recorded as result from discontinued operations in the first half of 2017.

After the sale of the holding of an indirect participation of 36.98% in the Bank through its subsidiary Blue Marlin Finance S.à r.l. ("BMF"), the main activity of the Company is to monitor and handle the claims that are covered under indemnities provided by the Group towards KBL European Private Bankers.

After receipt of the remainder of the final sale price and the release of certain amounts held in escrow, the Company expects to be able to decide on the distribution of surplus cash to shareholders in the first quarter of next year taking into account the provisions of Luxembourg law and the Company's articles of association.

About Blue Marlin Holdings S.A.

Blue Marlin Holdings S.A. (formerly IdB Holdings S.A.) was converted into a fully taxable Luxembourg holding company (Société de Participations Financières or "SOPARFI") on 30 December 2010.

Blue Marlin Holdings S.A. was incorporated under number RCB 49429 for an indefinite period in Luxembourg on 30 November 1994 under the name Insinger S.A.

The shares of Blue Marlin Holdings S.A. are listed on the Euro MTF market operated by the Luxembourg Stock Exchange.

www.bluemarlinholdings.lu

Registered office:

58 Rue Charles Martel L-2134 Luxembourg

Supplements: Appendices - Condensed consolidated interim financial report

APPENDICES

BLUE MARLIN HOLDINGS S.A. CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

FOR THE PERIOD ENDED 30 JUNE 2017 (UNAUDITED)

CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

APPENDIX 1 GROUP STATEMENT OF COMPREHENSIVE INCOME

for the period ended 30 June 2017 (unaudited)

Unaudited Unaudited First half year 2017 First half year 2016

€000's €000's

Interest income	175	-
Interest expense	(46)	-
Net interest income Other operating income	129 -	- 49
Operating income	129	49
Personnel costs	(314)	(93)
Other operating expenses	(171)	(344)
Operating profit	(356)	(388)
Result from discontinued operations	(2,034)	(2,789)
Profit before taxation	(2,390)	(3,177)
Taxation	(5)	(3)
Net result for the period	(2,395)	(3,180)

Other comprehensive income from associate that may be reclassified subsequently to profit or loss:

• Net gains/(losses) from changes in fair value, net of tax - 38

• Translation adjustments - 167

Total comprehensive income for the year	(2,395)	(2,975)
Attributable to the owners of the parent	(2,395)	(2,975)