2014 Results. Revenues % of which France % of which International % Gross margin %

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1 PRESS RELEASE Rueil-Malmaison, 24 March Results Consolidated revenues up 14% to 24.6m Improved group gross margin from 39% to 43% A 8.1m negative EBITDA, symptomatic of strong growth investments that are to reach their full potentials in the coming years Launch of a voluntary operational improvement plan to achieve the 2015 EBITDA breakeven target Strengthened balance sheet (positive shareholders equity at 13.0m and cash and cash equivalents at 4,8m as of December 31, 2014) Lucibel, a specialist in LED (light-emitting diode) lighting solutions, presents its fiscal year 2014 results (*). In million (audited consolidated IFRScompliant data) % change Revenues % of which France % of which International % Gross margin % % of revenues 43.4% 38.8% Operating expenses (20.1) (14.7) +33% Current operating result (9.5) (6.3) +50% Of which EBITDA 1 (8.1) (4.7) +71% EBIT 2 (10.4) (6.7) +55% Financial income (charges) (0.7) (0.6) +25% Corporate tax n/a Net result (9.9) (7.2) +37% (*) Audited consolidated datas reviewed by Group Board of Directors on March 24, 2015 (**) Changes computed from Keuros financials 1 EBITDA= Current Operating Result adjusted for non-cash items (notably depreciation and amortization costs, payments in shares) 2 EBIT= Earnings before interest and corporate tax 1

2 Strong sales increase in France and the Middle East; slowed international sales following the withdrawal from white label products trading 2014 growth has been slowed by the Group strategic choice to focus the international activity on the sale of Lucibel branded products and on addressing the main market makers whilst putting an end to its distribution activity. Lucibel realized group sales of 24.6m in 2014, a 14% increase vs the 2013 performance. Adjusted for the exit of the white-label business which the Group gradually stopped since 2013, Group sales on 2014 achieved 30% growth. Lucibel France sales reached 20.8m in 2014, a 28% growth vs 2013 on a complex market impacted by both the confirmation of LED technology adoption by the lighting market as well as by reduced economic activity, notably on the building sector. Abroad, in addition to the exit of the white-label business, 2014 saw a more selective allocation of resources to the benefit of the high potential areas that are the Middle East (United Arab Emirates and Saudi Arabia) and Africa (creation Q of Lucibel Africa, subsidiary based in Casablanca, Morocco). In this context, Lucibel international sales reached 3.8m on 2014 vs 5.2m on Adjusted for white-label business exit, sales achieved 12% growth on Material gross margin growth, increase of operating costs linked to the launch of new sales and industrial activities and implementation of an operational improvement plan with objective to achieve breakeven 2015 EBITDA At 10.6m (43.4% margin) vs 8.4m (38.8% margin), gross margin improved by about 4 points on Following strong evolution on the first half of 2014, gross margin % stabilized on the second half 2014 mainly due to market price pressure and one off extra logistics costs for Asian manufactured products. As a result of the strong increase in operating expenses that reached 20.1 m, 2014 EBITDA loss closed at 8.1m. The evolution of operating expenses results from the increase on the first half of 2014 of overheads functions as well as of some operational services (sales and operations notably), in line with the growth experienced. It was also the consequence of the changing scope of the Group that successively integrated Cordel (as from March 1 st 2013) and Procédés Hallier (as from 31 December 2013), that completed the exit of the white-label trading business and that undertook many high potential projects which all had an impact on the Group operating performance In For what regards the exit of the white label products trading business, the operating costs incurred in 2014 amounted to 0,3m of which 0,2m as non-current operating expenses. Additionally, the launch first half 2014 of the Moroccan subsidiary (Lucibel Africa) and the development of Citéclaire, the Group subsidiary dedicated to public authorities of which the Group took full control July 2014, had a 0,4m impact on Group 2014 EBITDA. 2

3 The launch of operations at Barentin in July 2014 represented a 0,3m additional costs in Furthermore, the Group recently launched innovative business units contributed negative 0,3m to EBITDA. In order to align fixed costs with the evolution of its various business and to secure breakeven EBITDA objective on 2015, Lucibel Group launched July 2014 an operational efficiency improvement plan with the following main guidelines: Focus of sales team on high potential regions and adjustments of salesforce allocation in Europe notably, Complete review of the logistics organization (with notably the launch of Barentin) which allows for optimized logistics costs, improved quality and greater flexibility, Development of intra group sales and purchases synergies, Post depreciation and amortization costs, share-based payment costs of 1.4m and other non-current charges of 0.9m, 2014 EBIT is at negative 10.4m. Group annual net result is at negative 9.9m, including net financial costs of 0.7m and a 1.2 m tax income linked to the set-up of a tax consolidation group effective 1 January 2014 and to the acquisitions of Cordel and Procédés Hallier. A strengthened financial structure At 31 December 2014, Group shareholders equity were at 13.0m. This includes the results of the share capital transactions carried out in July 2014 ahead of the admission of Lucibel s shares to trading on Alternext Paris ( 7.6 m private placement among French and international investors and conversion into shares of all the convertible bonds issued in December 2013). At 31 December 2014, Group cash and cash equivalents were at 4.8m. Outlook Lucibel is at end 2014 ready to tackle strong growth on the coming year. With well-adjusted operating costs, Lucibel confirms its target of breakeven EBITDA on Frédéric Granotier, Chairman and CEO of Lucibel, made the following comment: «2014 has been marked by important efforts on innovation, investment and optimization of the Group s organization following the external growth operations carried in Our business remain solid with among others an improvement of the gross margin and a growing interest of lighting decision makers for LED solutions which make for a highly dynamic market.» He added, «On 2015, Lucibel will benefit from past investments; we will focus on our on-going growth projects to bring them to critical size and operational break-even. On the coming months, Lucibel will 3

show how the LED technology can bring much more than light with innovative products and solutions, and position as a pioneer of those new exciting markets.

based on LED technology, and marketed in over 30 countries. For more information, please visit company s website at www.lucibel.

4 show how the LED technology can bring much more than light with innovative products and solutions, and position as a pioneer of those new exciting markets.» Next financial release 15 April 2015, after the market closing: Q Revenues About Lucibel Lucibel is a French innovative company designer of new-generation lighting products and solutions based on LED technology, and marketed in over 30 countries. For more information, please visit company s website at Lucibel is listed on Alternext Paris/Ticker: ALUCI/ISIN code: FR 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 Stéphanie Kanoui / s.kanoui@thedesk.fr Investors contact Lucibel Gilles AUBAGNAC gilles.aubagnac@lucibel.com Calyptus Mathieu CALLEUX / mathieu.calleux@calyptus.net Liquidity provider Louis Capital Markets Maxime Aboujdid / maboujdid@louiscapital.com Lucibel Perrine SIMON perrine.simon@lucibel.com 4

5 APPENDIX GROUP INCOME STATEMENT (consolidated, IFRS) In k euros at 31 December Revenues Purchases consumed External expenses Employee expenses Taxes and duties Net additions to amortisation, depreciation and provisions Other income and expenses from operating activities Operating profit (loss) from ordinary activities Other operating income and expenses Operating profit (loss) Share of profit (loss) of equity accounted entities Operating profit (loss) after share of profit (loss) of equity accounted entities Income from cash and cash equivalents Cost of gross financial debt excluding bond loan Cost of convertible bond loan Cost of net financial debt Other financial income and expenses Net financial expense Corporate income tax Net loss Of which attributable to shareholders of the parent of which attributable to non-controlling interests

6 GROUP BALANCE SHEET (consolidated, IFRS) ASSETS in k at 31 December 31/12/ /12/2013 Adjusted (*) Goodwill Intangible assets Property, plant and equipment Equity accounted entities 0 - Loans and deposits Deferred tax assets 0 4 Total non-current assets Inventory Trade receivables Other current assets Current tax receivables Cash and cash equivalents Total current assets TOTAL ASSETS (*) Adjusted opening balance taking into account the final allocation of goodwill relating to Cordel and Procédés Hallier which were acquired in March and December 2013, respectively SHAREHOLDERS EQUITY AND LIABILITIES in k at 31 December Share capital Issue premiums Treasury shares Transaction differences Reserves and retained earnings Total shareholders equity (attribuable to shareholders of the parent) Shareholders equity (attribuable to non-controlling interests) Shareholders equity Convertible bond loan Borrowings and financial liabilities Other non-current liabilities Employee benefits Provisions non-current portion Deffered tax liabilities Total non-current liabilities Convertible bonds - Overdrafts and other bank debt (portion maturing in less than one year) Provisions current portion Trade payables Tax liabilities 1 - Other current liabilities Total current liabilities TOTAL SHAREHOLDER S EQUITY AND LIABILITIES

7 GROUP CASH FLOW STATEMENT (consolidated, IFRS) In k euros, at 31 December 31/12/ /12/2013 Consolidated net profit (including amount attributable to non-controlling interests) Share of profits of equity-accounted entities Net additions to amortisation, depreciation and provisions (excluding impairment of current assets, which is recognised in "Change in trade receivables" and "Change in inventories" below) Share-based payments Gains/(losses) on disposal of assets Other non-monetary income and expenses - - Cash flow from operations after the cost of net financial debt and taxes Elimination of cost of net financial debt Elimination of cost of net financial debt Cash flow from operations before the cost of net financial debt and taxes (A) Corporate income tax paid ( Change in inventories Change in trade receivables Change in trade payables Change in other operating assets and liabilities Cash flow from operating activities (B) Cash flow related to the purchase of intangible assets and property, plant and equipment Capitalised development expenses Proceeds from the sale of intangible assets and property, plant and equipment 1 51 Cash flow related to loans and deposits Investment in equity-accounted entities Proceeds from the sale of non-current financial assets - 50 Net cash flow from business combinations Cash flow from investing activities (C) Capital increases Gain on transactions involving treasury stocks Repayment of borrowings and financial liabilities Issuance of borrowings and financial liabilities Issuance of convertible bond loan Change in financial liabilities from factoring Net interest expense paid Cash flow from financing activities (D) Impact of movements in exchange rates (E) 17-3 Net change in cash and cash equivalents (B+C+D+E) Opening cash and cash equivalents Closing cash and cash equivalents

ANNUAL RESULTS Payment division continues to perform Turnover PAYMENT +44% at 17 million Operational breakeven

ANNUAL RESULTS Payment division continues to perform Turnover PAYMENT +44% at 17 million Operational breakeven First favourable effects of strategic refocusing of Marketing and Telecom divisions Telecom