OL GROUPE'S PARTIAL DEBT REFINANCING ENTERS ACTIVE PHASE

Lyon, 21 March 2017

As previously reported, OL Groupe plans to allocate a significant portion of the proceeds from the shares issued to IDG European Sports Investment Ltd (see press releases dated 27 December 2016 and 27 February 2017) to reducing its debt. This will subsequently decrease interest expense, which will enable the Group to envisage refinancing all of its remaining debt.

This refinancing has entered into its active phase. The Company has tasked several banking groups with approaching banks and/or institutional investors likely to be interested in participating in the refinancing. The Company's objective is to finalise these changes by summer 2017.

OL Groupe published its first-half 2016/17 earnings on 21 February 2017 and its first-half financial report (in French) on 22 February 2017 (English version to be available shortly). Investors are requested to consult these documents for information regarding the Company's financial position and outlook, since they contain the Company's most recent financial communications.

OL Groupe

Tel: +33 (0)4 81 07 55 00

Fax: +33 (0)4 26 29 67 18

Email: [email protected]

www.olweb.fr

Euronext Paris - Segment C

Indices: CAC Small - CAC Mid & Small - CAC All–Tradable - CAC All-Share – CAC Consumer Services – CAC Travel & Leisure

ISIN code: FR0010428771

Reuters: OLG.PA

Bloomberg: OLG FP

ICB: 5755 Recreational services