January 28, 2013 - after 17:45

Share buyback

Disclosure of transaction on GBL shares from 21 till 25 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 21, 2013 to January 25, 2013 included:

- Liquidity agreement : 13,500 GBL shares

Liquidity agreement

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

23/01/2013

13,500

61.50

61.18

61.94

830,246

Stock Exchange
Euronext

Total

13,500

61.50

830,246

- Share buyback program: 1,301 GBL shares

Share buyback program

Trade date

Number of shares

Average price (EUR)

Lowest price (EUR)

Highest price (EUR)

Amount (EUR)

Negotiation method / market

25/01/2013

1,301

61.70

61.57

62.17

80,278

Stock Exchange
Euronext, Chi-X, Turquoise

Total

1,301

61.70

80,278

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 25, 2013, GBL holds directly and through its subsidiaries 6,173,410 GBL shares representing 3.8% of the issued capital, and holds no shares under the liquidity agreement.

distributed by