SUCCESSION AT CHARGEURS TECHNICAL SUBSTRATES

PRESS RELEASE

Paris - January 31, 2017

Chargeurs appoints Patrick Bonnefond as Managing Director of its Chargeurs Technical Substrates division

Michaël Fribourg, Chairman and Chief Executive Officer of Chargeurs, said: "We are delighted to welcome Patrick Bonnefond as new Managing Director of Chargeurs Technical Substrates. His rich international and industrial experience in technical textiles, trade and innovation, will enable this niche business to continue its development in line with the Group's business model of game-changing excellence and innovation. We sincerely thank and congratulate Bernard Finckenbein, for his dedication, commitment and passion, which, thanks to the support of the Group and the involvement of all the teams, contributed to the success of the Technical Substrates division."

New leadership at Chargeurs Technical Substrates

Bernard Finckenbein, Managing Director of Chargeurs Technical Substrates, is due to retire on January 31st, 2017, after 45 years of an outstanding and diversified career with Chargeurs. Recently, Bernard Finckenbein, who will keep a loyalty and exclusive expertise with Chargeurs, has successfully launched the industrial and commercial implementation of a large width production line (5 meters) in order to accelerate the growth of the division.

After this success, Chargeurs appointed Patrick Bonnefond to succeed Bernard Finckenbein as Managing Director of Chargeurs Technical Substrates. Patrick Bonnefond's mission will be to accelerate the internationalization of the division. Patrick Bonnefond also becomes a member of the Group's Executive Committee.

Biography of Patrick Bonnefond:

A chemical engineer by training and a graduate of IAE Lyon School of Management, Patrick Bonnefond, 55, began his career in 1987 as a production engineer with Sofileta. He became Managing Director at the age of 29, and was instrumental in the group's rise to the rank of European leader in niche textiles.

In 2009, he took over HTH, the silk and textiles division of the Hermès group, where he began modernizing and reshaping the business to boost the unique, fully vertically integrated center of excellence equipped to pursue a strong growth strategy.

Patrick Bonnefond's career took him overseas in 2014, when he was appointed to head the silk division of Chinese conglomerate Wensli, a leading producer of silk accessories. As Chief Executive Officer, Mr Bonnefond oversaw the company's globalization strategy.

A strong advocate of innovation, Patrick Bonnefond is also founder of the Métis cluster and has been actively involved in competitiveness clusters such as Minalogic and Techtera.

2017 Financial Calendar

Thursday, March 9, 2017 (before trading) 2016 annual results

Thursday, April 27, 2017 (before trading) First-quarter 2017 financial information

Thursday, April 27, 2017

Thursday, September 7, 2017 (before trading)

Annual General Meeting 2017 Interim Financial Results

Thursday, November 14, 2017 (after trading) Third-quarter 2017 financial information

ABOUT CHARGEURS

Chargeurs is a global manufacturing and services group with leading positions in four segments: temporary surface protection, garment interlinings, technical substrates and combed wool.

It has over 1,500 employees based in 34 countries on five continents, who serve a diversified customer base spanning more than 45 countries.

In 2016, consolidated revenue totaled over €500 million, of which more than 90% was generated in its international markets.

CONTACT

Financial Communications • +33 1 47 04 13 40 • comfin@chargeurs.fr • www.chargeurs.fr

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