SOLOCAL (EPA:LOCAL) - Guidance 2020

Transparency directive : regulatory news

03/04/2020 18:15

PRESS RELEASE

Boulogne-Billancourt, 3rdApril 2020

Guidance 2020

At the height of the major health crisis caused by the spread of the Covid-19
virus throughout the World, Solocal teams remain more than ever focused on
their mission of vitalizing local economy. As a key partner in the digital
communication of the French VSEs and SMEs, the group has rolled out, in record
time, several specifically adapted new services.

For instance, PagesJaunes decided to launch its
"commerces-ouverts.pagesjaunes.fr" fully- dedicated website, which will list
opened businesses in surrounding areas. Having the most reliable and
comprehensive database of the market, Solocal also provides free access to its
"Présence Essentiel" offer for all French firms in order to help them update
their digital content on a real-time basis.

However, Solocal group is, like the whole economy, mechanically impacted by
this unprecedented health crisis. The clear majority of the firm's customers
interrupted their activity to comply with the imposed lockdown measures, and
numerous clients are not available nor reachable by our teleworking sales
forces.

Because of the uncertainty regarding the magnitude and the duration of this
crisis, the group is currently unable to assess the specific impacts of the
health crisis on its operational and financial results. Under these
circumstances, Solocal suspends the 2020 guidance previously disclosed. The
assessment of the impacts of the crisis and the firm's new financial and
operational perspectives will be disclosed when a reliable information is
available.

On Monday 16th March, Solocal issued a press release in which the
implementation of several precautionary measures was announced, with the aim of
protecting the firm, its employees and its customers. It is with the same goal
that Solocal is currently taking further measures in terms of cost reduction,
including partial or total unemployment.

Moreover, the General Meeting initially planned on Thursday 14th May will be
postponed to a later date at the end of June.

Solocal - www.solocal.com

We are the local digital partner for companies. Our job: advising and
supporting them to boost their activity thanks to our digital services (Digital
Presence, Digital Advertising, Websites, New Print Solutions). We also provide
users with the best possible digital experience with PagesJaunes, Mappy and
Ooreka, and our partners (Google, Facebook, Apple, Microsoft/Bing, Yahoo!,
etc.). We provide professionals and the public with our high audience services,
geolocalised data, scalable technology platforms, unparalleled order intake
coverage across France, our privileged partnerships with digital companies and
our talents in terms of data, development, digital marketing, etc. We gather
360,000 companies all over France and 2.7 billion visits on our services.
Solocal moreover benefits from the "Digital Ad Trust Classique" label for its
PagesJaunes and Mappy digital services. To know more about Solocal (Euronext
Paris "LOCAL"): let's keep in touch @solocal

Press contacts

Charlotte Millet +33 (0)1 46 23 30 00
charlotte.millet@solocal.com

Edwige Druon +33 (0)1 46 23 37 56
edruon@solocal.com

Investor contacts

Julie Gualino-Daly
+33 (0)1 46 23 42 12
jgualino@solocal.com

Alima Lelarge Levy
+33 (0)1 46 23 37 72
alelargelevy@solocal.com

Colin Verbrugghe
+33 (0)1 46 23 40 13
cverbrugghe@solocal.com

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