Cegedim announces the pricing of an offering of an additional €125 million of its 6.75% Senior Notes due 2020

Regulatory News:

NOT FOR GENERAL DISTRIBUTION IN CANADA, AUSTRALIA OR JAPAN

Cegedim S.A. ("Cegedim”) announces that it has successfully priced an upsized offering (the "Offering”) of an additional €125 million of its 6.75% Senior Notes due 2020 (the "Additional Notes”) at an offering price of 105.75 % plus accrued interest from April 1, 2014. The principal amount of Additional Notes to be issued was upsized by €25 million from the originally contemplated €100 million principal amount. Other than with respect to the date of issuance and the issue price, the Additional Notes will have the same terms as Cegedim’s existing outstanding €300 million 6.75% Senior Notes due 2020 issued on March 20, 2013 (the "Existing Notes” and, together with the Additional Notes, the "Notes”). The Offering is expected to close on April 14, 2014, subject to customary closing conditions.

Cegedim intends to use the net proceeds from the Offering to pay any or all of the repurchase price of the €168.6 million principal amount remaining outstanding from its €300 million 7.0% bonds due 2015 issued on July 27, 2010 (the "2015 Notes”) tendered pursuant to the tender offer (the "Tender Offer”) launched on April 7, 2014, and to pay related fees and expenses.

The Additional Notes are being offered only to qualified institutional buyers in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the "Securities Act”), and outside the United States in accordance with Regulation S under the Securities Act.

IMPORTANT NOTICE

This announcement does not, and shall not, in any circumstances, constitute a public offering or an invitation in any jurisdiction in connection with any offer.

United States

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Notes mentioned herein have not been, and will not be, registered under the Securities Act or the securities laws of any state of the United States and are subject to certain restrictions on transfer. The Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the Notes in the United States.

European Economic Area

This announcement has been prepared on the basis that the Offering in any Member State of the European Economic Area which has implemented the Prospectus Directive (each, a "Relevant Member State”) will be made pursuant to an exemption under the Prospectus Directive from the requirement to publish a prospectus for offers of Notes. The expression "Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive” means Directive 2010/73/EU.

France

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in France. The Notes mentioned herein may only be offered or sold in the Republic of France pursuant to article L. 411-2-II of the French Code monétaire et financier to (i) providers of third party portfolio management investment services, (ii) qualified investors (investisseurs qualifiés) acting for their own account and/or (iii) a limited group of investors (cercle restreint d’investisseurs) acting for their own account, all as defined in and in accordance with articles L. 411-1, L. 411-2 and D. 411-1 to D. 411-4 of the French Code monétaire et financier.

United Kingdom

This announcement is being distributed only to, and is directed at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order”), (ii) fall within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order, (iii) are outside the United Kingdom or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any Notes may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as "relevant persons”). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements and information that is necessarily subject to risks, uncertainties, and assumptions. No assurance can be given that the transactions described herein will be consummated or as to the terms of any such transactions. Cegedim assumes no obligation to update or correct the information contained in this announcement.