SOLOCAL GRP : announces the appointment of a Conciliateur to assist in its discussions with its lenders

PRESS RELEASE

Sèvres, March 4th , 2014

Solocal announces the appointment of a Conciliateur to assist in its discussions with its lenders

As anticipated in its February 13, 2014 press release, Solocal Group (the "Company"), a company whose shares are listed on Euronext Paris (LOCAL FP), NYSE Euronext, today announced that, at the request of the Company, the President of the Commercial Court of Nanterre has appointed Maître Frédéric Abitbol as Conciliateur for an initial period of one month to assist the Company in its on-going discussions with its lenders under the Credit Facilities.

As one of the conditions to the previously announced capital increase, Solocal is seeking the extension to March 2018 of at least 90% of its A3, A5 and B3 credit facilities maturing in September 2015 with an option to further extend to 2020, and certain other amendments in exchange for a 400 million euros prepayment from the proceeds of the planned capital raise (the "Amend and Extend Request").

As planned, Solocal will now be using the framework of a conciliation proceeding (a court-supervised consensual negotiation with lenders) (the "Conciliation") to facilitate reaching the 90% threshold. The Company remains confident in its ability to implement its Amend and Extend Request either through Conciliation or through a Sauvegarde Financière Accélérée given the strong support it has received from Lenders in the short timeframe since the announcement.

About Solocal Group

Solocal Group, the leader in European local communication, became the new name of PagesJaunes Groupe on 5 June 2013. The Group offers online content, advertising solutions and transactional services that connect consumers and clients locally. It brings together around 4,500 people - including nearly 2,200 advisors in local communication in France and Spain to support the digital development of companies (SMEs and micro businesses, tier 1 brand accounts, etc.) - 17 strong and complementary brands (PagesJaunes, Mappy, 123deal, A vendre A louer, Embauche.com, Keltravo, Chronoresto, ZoomOn, Solocal Network, ComprendreChoisir, ClicRDV, PJMS, Horyzon Media, Leadformance, QDQ, Editus and Solocal Group) and nearly 650,000 clients. In 2013, Solocal Group generated nearly €1 billion in revenues, of which 63% via the Internet, and thus ranks among the key European players in terms of online advertising revenues. Solocal Group is listed on NYSE Euronext Paris (ticker 'LOCAL'). Further information on Solocal Group is available on www.solocalgroup.com.

Contacts Press

Delphine Penalva

[phone] [e-mail]

Investors

Elsa Cardarelli

[phone]

ecardarelli@ solocal.com

Edwige Druon

[phone] [e-mail]

This press release contains certain forward-looking statements. Although Solocal Group believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in such forward-looking statements. For a discussion of risks and uncertainties which could cause the company's actual results, financial condition, performance or achievements to differ from forward-looking statements, please refer to the Risk Factors section of the Document de Reference of Solocal Group filed with the AMF, which is available on the AMF website (www.amf- france.org) or on Solocal Group website (www.solocalgroup.com).
This press release and the information contained herein do not constitute an offer to sell or a solicitation of an offer to buy or subscribe to shares in Solocal Group in any country.
This press release does not constitute or form part of an offer or solicitation of an offer to buy or subscribe for securities in France. The capital increase with shareholders' preferential subscription right referred to in this press release will be presented in a prospectus subject to the visa of the French market authority "Autorité des Marchés Financiers".

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With respect to the member states of the European Economic Area which have implemented the Directive 2003/71/EC of the European Parliament and the Council of November 4, 2003 (the "Prospectus Directive"), no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring the publication of a prospectus in any relevant m ember state other than France. As a result, the securities may not and will not be offered in any relevant member state other than France except in accordan ce with the exemptions set forth in Article 3(2) of the Prospectus Directive, if they have been implemented in that relevant member state, or under any other circumstances which do not require the publication by Solocal Group of a prospectus pursuant to Article 3 of the Prospectus Directive and/or to applicable regulations of that relevant member state.
This press release is not an offer of securities for sale in the United States or any other jurisdiction. Securities may not be sold or offered in the United States unless they are registered or are exempt from the registration requirements of the U.S. Securities Act of 1933, as amended. Solocal Group does not intend to register any portion of this offering in the United States or to conduct a public offering of securities in the
United States.
In the United Kingdom, this press release is only being distributed to, and is only directed at, persons that (i) are "investment professionals" (falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"), (ii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act
2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). In the United Kingdom, this press release is direct ed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which thi s press release
relates is available only to relevant persons and will be engaged in only with relevant persons.
It may be unlawful to distribute this press release in certain jurisdictions. This press release is not for distribution in Canada, Japan or Australia.

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