SOLOCAL (EPA:LOCAL) - Philippe Mellier appointed as Chairman of the Board of Solocal on June 30th 2021

Transparency directive : regulatory news

29/06/2021 07:30

PRESS RELEASE

Boulogne-Billancourt, 29th June 2021

  Philippe Mellier appointed as Chairman of the Board of Solocal on June 30th
                                      2021

                   Confirmation of the EBITDA 2021 guidance

  Update of mid-term objectives will be presented in the second semester 2021

Cooptation of Mr. Philippe Mellier as director and Chairman of the Board of
Directors

The Board of Directors is pleased to announce the appointment of Philippe
Mellier as Board Member as of 30th June 2021 and his election as Chairman at
this date. Mr Mellier has already confirmed his acceptance. This appointment
will be presented for ratification at the next Ordinary General Meeting of the
company.

Philippe Mellier will bring to the Board and the Company his breadth of
experience regarding governance and managing a diverse shareholder base. His
former Executive experience of transformation, operational performance and
agility as well as his attention to client and usage evolution as drivers of
growth, are perfectly aligned with Solocal's stakes.

" I am honored to join the Solocal Board for this new phase. Solocal's close
relationship with 314 000 clients everywhere in France is a great asset to
create value for our clients and our shareholders. Hervé Milcent can count on
my support and the support of the Board to deepen and accelerate the work
initiated " Philippe Mellier said.

Philippe Mellier has been the CEO of Fraikin since 2018 and has led an
impactful transformation of the leading industrial & commercial vehicles
leasing company in Europe by restoring profitability and growing added value
services notably in the digital and telematics space. In 2020, Philippe led the
acquisition of Via Location in order to increase the European footprint of
Fraikin.

Philippe has a strong governance experience and is currently Board Member at
Reel International

Philippe Mellier will participate in the half year results presentation meeting
scheduled for July 28th 2021.

Philippe Mellier graduated from ENSTA and INSEAD. He started his career at Ford
where he ended up as Vice President Marketing, Sales and Services for Ford of
Europe. He became the Chairman and CEO of Renault Trucks in 2000. In 2003,
Philippe joined Alstom. As Executive Vice President of Alstom and President of
Alstom Transport, he played a key role in the turnaround of the Group until
2011. He then joined De Beers as Group CEO until 2016 and transformed the
diamond giant in order to face rapid market transformation and focus on
customer centricity.

Business update

In pursuance of the appointment of Philippe Mellier as Chairman of the Board of
Directors, and as is customary when a new CEO takes office, the Management will
proceed by the end of the third quarter to a strategic review in order to:

- Take into account the impact on order intake deriving from (i) the health
  crisis which lasts longer than anticipated in May 2020 and (ii) the delay in
  the organization's transformation to adapt to the new model ;

- Take the appropriate actions to ensure a return to sustainable growth and
  redefine medium-term objectives.

Solocal specifies that it recorded a cumulative level of order intake at the
end of June 2021 lower than its expectations, especially during the lockdown
period of April 2021. The anticipated impact on the internal objective of the
company in terms of revenue remains limited for 2021, even more so as the
subscription model has now been rolled out for over a year. This effect will be
offset by cost optimizations, the Group confirms its c.EUR120m EBITDA guidance
in 2021.

EN - About Solocal - www.solocal.com
Solocal is the digital partner for all local companies in France, from VSEs, to
SMBs or Large Companies with networks. Our job; vitalize local life. We strive
every day to unveil the full potential of all companies by connecting them to
their customers thanks to our innovative digital services. We advise over
314,000 companies all over France and support them to boost their activity
thanks to our digital services (Relational Presence, Websites and Digital
advertising). We also bring users the best possible digital experience with
PagesJaunes, and Ooreka, and our GAFAM* partners.
We provide professionals and the public with our high audience services,
geolocalised data, scalable technology platforms, unparalleled commercial
coverage across France, our privileged partnerships with digital companies and
our talents in terms of data, development and digital marketing. Solocal
moreover benefits from the "Digital Ad Trust" label. To know more about Solocal
(Euronext Paris "LOCAL"): let's keep in touch @solocal
*GAFAM : Google, Microsoft/Bing,, Facebook, Apple, Amazon

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

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

Xavier Le Tulzo
+33(0)1 46 23 39 76
xletulzo@solocal.com

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SOLOCAL (EPA:LOCAL) - Philippe Mellier appointed as Chairman of the Board of Solocal on June 30th 2021

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