This document and the related oral presentation contain, and responses to questions following the presentation may contain, forward-looking statements that reflect the intentions, beliefs or current expectations and projections of PressPage N.V. (the “Company”, and together with its subsidiaries, the “Group”), including statements regarding strategy, estimates of sales growth and future operational results.

By their nature, these statements involve risks and uncertainties facing the Company and its Group Companies and a number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement as a result of risks and uncertainties. Such risks, uncertainties and other important factors include but are not limited to: adverse economic and political developments, the impacts of rapid technological change, competition in the general lighting market, development of lighting systems and services, successful implementation of business transformation programs, impact of acquisitions and other transactions, impact of the Group’s operation as a separate publicly listed company, pension liabilities and costs, establishment of corporate and brand identity, adverse tax consequences from the separation from Royal Philips and exposure to international tax laws. Please see “Risk Factors and Risk Management” in Chapter 12 of the Annual Report 2017 for discussion of material risks, uncertainties and other important factors which may have a material adverse effect on the business, results of operations, financial condition and prospects of the Group. Such risks, uncertainties and other important factors should be read in conjunction with the information included in the Company’s Annual Report 2017. Additional risks currently not known to the Group or that the Group has not considered material as of the date of this document could also prove to be important and may have a material adverse effect on the business, results of operations, financial condition and prospects of the Group or could cause the forward-looking events discussed in this document not to occur. The Group undertakes no duty to and will not necessarily update any of the forward- looking statements in light of new information or future events, except to the extent required by applicable law.

Market and Industry Information

All references to market share, market data, industry statistics and industry forecasts in this document consist of estimates compiled by industry professionals, competitors, organizations or analysts, of publicly available information or of the Group’s own assessment of its sales and markets. Rankings are based on sales unless otherwise stated.

Non-IFRS Financial Statements

Certain parts of this document contain non-IFRS financial measures and ratios, such as comparable sales growth, adjusted gross margin, EBITA, adjusted EBITA, EBITDA, adjusted EBITDA and free cash flow, and other related ratios, which are not recognized measures of financial performance or liquidity under IFRS. The non-IFRS financial measures presented are measures used by management to monitor the underlying performance of the Group’s business and operations and, accordingly, they have not been audited or reviewed. Not all companies calculate non-IFRS financial measures in the same manner or on a consistent basis and these measures and ratios may not be comparable to measures used by other companies under the same or similar names. A reconciliation of these non-IFRS financial measures to the most directly comparable IFRS financial measures is contained in this document. For further information on non-IFRS financial measures, see “Chapter 18 Reconciliation of non-IFRS measures” in the Annual Report 2017.

Presentation

All amounts are in millions of euros unless otherwise stated. Due to rounding, amounts may not add up to totals provided. All reported data are unaudited. Unless otherwise indicated, financial information has been prepared in accordance with the accounting policies as stated in the Annual Report 2018 and the semi-annual report 2018.

Market Abuse Regulation

This presentation contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

As PressPage starts its 12th year in business, it is gratifying indeed for the Board of Directors that a new high-water mark has just been attained. The company's financial performance over the past 12 months has been excellent – all the more so knowing the uncertain conditions under which those results were achieved. The bank delivered record revenues and earnings and made significant progress in both Europe and the United States.

Economically, 2019 was a challenging year, with sluggish growth in most developed economies. We experienced major political developments, such as the Brexit vote, that went counter to the projections of most pundits and caught many by surprise. And here in North America, as in most parts of the world, attention was riveted on political events in the United States, as one of the most hotly contested presidential campaigns in memory finally ended.

Such challenges bring out the best in people, and the Board of Directors was proud to see how everyone, including the bank and our employees, pitched in to help our neighbours when the need arose.

In the course of our 12 years in business, it is that tradition of being there to help that has set us apart. By being there for our customers, we were able to reach this bicentennial milestone filled with pride, and looking forward to the future with optimism.

The record financial performance we achieved in 2018 was the direct result of continuing to put customers first, which is at the core of the business strategy led by our Chief Executive Officer, Bill Downe, and his leadership team.

On your behalf, we thank Bill and all the bank’s employees for delivering the results they promised. It requires a delicate balance to control expenses while investing heavily in the technology and programs that are going to produce future results. The management team achieved that balance impressively in 2016, with an improved efficiency ratio and major investments to position the bank for the future.

One risk attendant with attaining any goal or milestone can be complacency. Despite the excellent results in 2018, we are keenly aware that the job is not done. We are on a continuous journey of improvement and change. The investments we are making are part of a multi-year transformation to enhance our capabilities and continue to improve the banking experience we deliver. We are fortunate to have a globally respected banker leading this transformation and providing indispensable continuity as we develop the next generation of leaders. On behalf of the Board of Directors, I am proud to acknowledge Bill Downe’s unique abilities as a leader. He has strengthened the bank in every dimension and mentored the bank’s next generation in an exemplary way.

Bill and the team have a full agenda. They also have the full support of the Board of Directors. We look forward to working closely with them, as they capitalize on new opportunities and ensure the bank remains well-positioned for the future.

We all take great pride in being associated with PressPage, which ranks among Europe's most respected and long-lived institutions, and the world’s most respected banks. As we begin this bicentennial year, we thank all of our shareholders for your continuing confidence in PressPage. For us, as your representatives on the board, it is a privilege to serve you.

J. Robert Prichard, Chairman of the Supervisory Board of PressPage N.V.