28 June 2019 and Effective on Monday, 01 July 2019

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28 June 2019 and Effective on Monday, 01 July 2019

STANDARD ETHICS BELGIAN INDEX REVIEW – JULY 2019 Standard Ethics has approved the following changes that will become effective after the close of business on Friday, 28 June 2019 and effective on Monday, 01 July 2019. Rating Changes (April 2019 – June 2019) None Inclusion None Exclusion None Index Constituents and Weights from 01 July 2019 Rating Outlook Company ISIN Weights Rating Outlook Company ISIN Weights EE+ Cofinimmo BE0003593044 14,61% E+ KBC Group BE0003565737 2,74% EE+ Proximus BE0003810273 14,61% E+ Solvay BE0003470755 2,74% EE+ Umicore BE0974320526 14,61% E+ UCB BE0003739530 2,74% EE Bpost BE0974268972 10,96% E AB Inbev BE0974293251 0,46% EE Ontex Group BE0974276082 10,96% E Ageas BE0974264930 0,46% EE- argenx NL0010832176 7,31% E Colruyt BE0974256852 0,46% EE- Engie FR0010208488 7,31% E Galapagos BE0003818359 0,46% E+ Ackermans V.Haaren BE0003764785 2,74% E Groupe Bruxelles Lambert BE0003797140 0,46% E+ Aperam LU0569974404 2,74% E Sofina BE0003717312 0,46% E+ ING Groep NL0011821202 2,74% E Telenet Group BE0003826436 0,46% For inquiries or comments please contact the front office of Standard Ethics at the following e- mail address: [email protected] Important Legal Disclaimer. All rights reserved. Ratings, analyses and statements are statements of opinion as of the date they are expressed and not statements of fact. Standard Ethics' opinions, analyses and ratings are not recommen- dations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. Standard Ethics Ltd does not act as a fiduciary or an investment advisor except where registered as such. In no event shall Standard Ethics Ltd be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost in- come or lost profits and opportunity costs or losses caused by negligence) in connection with any use of its opinions, analyses and ratings. .

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31 March 2020 and Effective on Wednesday, 01 April 2020
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Corporate Governance CORPORATE GOVERNANCE STATEMENT Groupe Bruxelles Lambert (“GBL” or the “Company”) complies with all corporate governance regulations. In this context, it complies in particular with the provisions of the 2020 Belgian Corporate Governance Code (the “2020 Code”). The standards of conduct for members of GBL’s Board of Directors and specialised Committees, as well as the rules governing the functioning of these bodies, are laid out in the Corporate Governance Charter (the “Charter”). This document also includes the Dealing Code, which defines the rules applicable to transactions in GBL securities. The Charter was published for the first time at the end of 2005. Since then, the Board of Directors has ensured that this document reflects the various legal developments in the field of corporate governance, including the 2020 Code. The updated document is available on the Company’s website (www.gbl.be). This Corporate Governance Statement describes the composition and functioning of GBL’s administrative bodies and their Committees. It comments on the practical application of GBL’s governance rules during the financial year ended December 31, 2020 and the period between the end of this financial year and the Board of Directors meeting on March 11, 2021. Furthermore, it lists the Company’s deviations from certain provisions of the 2020 Code and explains the reasons behind them. It also includes the remuneration policy and the remuneration report. Lastly, it reflects the principal characteristics of the Company’s internal control and risk management systems. 218 GBL – Annual Report 2020 218 Corporate Governance Statement 220 Board of Directors 233 Board Committees 236 Remuneration of corporate officers 239 Auditing of the financial statements 240 Staff and organisation 243 Risk management and internal control 244 Policy on conflicts of interest 245 Policy relating to transactions in GBL securities 246 Shareholders 249 Other information relating to the Company 251 Mandates held by the Directors between 2016 and 2020 GBL – Annual Report 2020 219 1.
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