1. 2013

2. 337,8M€ +21% vs 2012 2013

3. Gross Margin 17,6% +21% vs 2012 2013

4. Ebitda 4,9% +21% vs 2012 2013

5. 2012 to 2013 budget

6. Growth 2013 vs 2012

7. 2012 to 2013 budget

8. Growth 2013 vs 2012

9. Split per country

10. The future..

11. Why and how Exclusive can sustain Exclusive can sustain a 20% CAGR Organic Growth on long term?

14. 2007200820092010201120122013201420152016 2011-16 CARG (%) FIREWALL 2,198.22,170.12,191.42,290.02,355.62,390.12,420.22,425.22,415.22,390.2 0.3 UTM1,290.11,502.11,594.01,905.52,237.62,568.02,944.63,357.43,803.54,316.614 IDP 1,615.01,903.11,696.81,800.71,882.01,960.42,078.72,202.62,333.72,473.7 5.6 VPN 1,050.31,119.11,092.2994.0940.8945.1948.3950.1951.2951.4 0.2 Total 6,153.66,694.56,574.46,990.27,416.07,863.68,391.98,935.39,503.610,131.9 6.4 Worldwide Network Security Revenue By Function 2007-2016 ($M) Source: IDC, June 2012

15. Our vendors outperform the market N°2 N°4 N°5 N°37

16. Our vendors outperform the market

17. We are still young!

18. Potential

19. In a perfect World…

20. 20% CAGR organic growth on long term is achievable!

21. But it’s not enough!

22. We will launch an agressive acquisition program

23. Investor Validation Investor checklist very near SuperVAD vision Worlds Leading Investment Bank on Exclusive Networks – Market Opportunity  – Critical Scale  – Business Focus & Expertise  – Competitive Position  – Strong Management Team  – Established Client Base  – Significant Long Term Prospects  – Financial Performance 

24. Acquisition strategy Western Europe: Denmark EMEA: Middle East, South Africa, Turkey… Geographical Reach in some countries critical size faster Portfolio consolidation Consolidation Datacenter & Storage Mobility Unified Communication New market

25. Acquisition strategy New Funding (50 to 60M€) – New equity from investors – New acquisition debt from banks Ability to acquire: – 100M€ turnover in 2013 – 100M€ turnover in 2014 Up to 3 acquisition per year

26. 5 years strategy 20% organic growth Acquisition in 2017 Market CAGR 2012/2016 : 7,6% Strong drivers: New vulnerabilities/Mobility / Datacenter Portfolio New vendors Extension of existing vendors Vendors that outperform the market Improvement Strong growth in new countries High potential countries Quality of execution everywhere Geographical Western Europe: Denmark EMEA: Middle East, South Africa, Turkey… Consolidation Reach in some countries critical size faster Portfolio consolidation New market Datacenter or Storage Mobility Unified Communication 1B€

27. Road to the Billion…

28. Summary – The Planets are Aligned.... Ahead of Market Growth Taking Market Share Independent Validation of our PLAN Great People Strong Mngt team Great Presence...Great Exclusive Networks Experience

29. Are you ready For the Euro- Billion €? Because.....

30. The Opportunity It’s RIGHT Here....Right NOW! 1B€

31. Thank You