January 21, 2013 - after 17:45

Share buyback

Disclosure of transaction on GBL shares from 14 till 18 January 2013 (included)

Implementation of the authorization of the General Shareholders' Meeting of April 12, 2011

GBL, directly and through its subsidiaries, acquired during the period from January 14, 2013 to January 18, 2013 included:

- Liquidity agreement : 23,250 GBL shares

Liquidity agreement

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

15/01/2013

14,750

60.65

60.50

61.04

894,589

Stock Exchange
Euronext

16/01/2013

1,000

60.74

60.29

60.80

60,740

Stock Exchange
Euronext

17/01/2013

7,500

60.73

60.58

61.32

455,490

Stock Exchange
Euronext

Total

23,250

60.68

1,410,819

- Share buyback program: 38,735 GBL shares

Share buyback program

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

15/01/2013

8,228

60.51

60.50

61.04

497,841

Stock Exchange
Euronext, Chi-X, Turquoise, BATS

16/01/2013

5,507

60.43

60.29

60.80

332,790

Stock Exchange
Euronext, Chi-X, Turquoise, BATS

16/01/2013

25,000

60.43

-

-

1,510.750

OTC

Total

38,735

60.45

2,341,381

The summary of the acquisitions in the share buyback program as from July 1st, 2009 is available under section "Legal Aspects / Share Capital" of the websitehttp://www.gbl.be.

At January 18, 2013, GBL holds directly and through its subsidiaries 6,174,071 GBL shares representing 3.8% of the issued capital, and holds no shares under the liquidity agreement.

distributed by