LEGUIDE.COM : Response to the unsolicited contractual voluntary offer of the Lagardère group for LeGuide.com

Press release Paris May 10th 2012 Response to the unsolicited contractual voluntary offer of the Lagardère group for LeGuide.com

The Board of Directors of LeGuide.com met on 8 May 2012 to review the terms of a contractual voluntary offer to purchase the shares of LeGuide.com, initiated by the Lagardère Company on behalf of and for the account of its Lagardère Active subsidiary.
The Board of Directors unanimously view this bid as not being in the interests of LeGuide.com, its shareholders nor its employees, and recommends that shareholders not tender their shares.

1. LeGuide.com is able to continue to develop independently, as it has already done successfully:

- LeGuide.com is currently the top shopping guide in Europe with 28.9 million unique visitors* in 14 countries, including 8.8 million in France in March 2012* (not including distribution partnerships).
- The company has a solid track-record with an operating margin historically secured above 30%.
- LeGuide.com has managed to adapt to market trends and in the first quarter of
2012, in a profoundly modified competitive environment, managed 16% organic growth, while keeping its operating margin high***.
- The company has established a European leader by combining organic and external growth and now has the means to take part in market consolidation.
- Its independence has given it the responsiveness and flexibility that are essential in the constantly changing world of the Internet.

1

2. The models of LeGuide.com and Lagardère Active are structurally different and offer few synergies:

- LeGuide.com's business is in digital intermediation, which is constantly changing and quite different from that of a content publisher.
- LeGuide.com is a pure player and a leader in France, Spain, Italy, and in Europe at large, which must continue to consolidate its development in Europe, particularly its technological development.

3. The price offered does not reflect the company's intrinsic value, nor its prospects:

- LeGuide.com's activity operates a high-performance and profitable click-based business model.
- LeGuide.com has very significant cash holdings (€32.1m at 31 December 2011 and €18m estimated after the Ciao deal***).
- LeGuide.com combines steady growth, very high operating margins, and a strong capacity to finance its growth on a standalone basis.
- The March 2012 Ciao acquisition offers true development prospects by giving
LeGuide.com a unique position in Europe as the leader in shopping guides. Ciao, which will be consolidated as of the second quarter, is expected to generate
€12m to €14m in additional revenue in 2012 (over nei
months).
Le Guide.com is able to leverage its many assets and sustain in the long term its position as the independent leader of shopping guides in Europe.

2

About LeGuide.com Group

LeGuide.com Group, an operator of online shopping guides, comparison websites, shopping search engines and platforms for consumer ratings, reached a total audience of 28.9 Million Unique Visitors*, including 8.8 in France* and 1.5 million on mobile**. With a team of 171 employees, LeGuide.com operates in 14 European countries through a multi-site strategy surrounding a brand portfolio, including LeGuide.com, Ciao, dooyoo.com and mercamania.com. The group lists 161 million offers from 76 200 e-merchants and has generated €28.2 million in revenue in its 2011 financial year. LeGuide.com has been certified as an "Innovative company" by OSEO (a French public agency that supports SMEs) and is listed on the Alternext board of NYSE Euronext Paris (ticker: ALGUI; ISIN code: FR0010146092).

*Source: Comscore, March 2012

**Source Médiamétrie/NielsenNetratings, February 2012

*** Unaudited figures

LeGuide.com

Olivia Fuchs

[phone] [e-mail]

Anaïs de Scitivaux

[phone] [e-mail]

For more information: www.LeGuide.com/finance

3