1. General Information

GrandVision N.V. (‘the Company’) is a public limited liability company and is incorporated and domiciled in the Netherlands. The address of its registered office is as follows: World Trade Center Schiphol Airport, Tower G, 5th floor, Schiphol Boulevard 117, 1118 BG Schiphol, the Netherlands. Prior to becoming a public limited liability company under Dutch law (Naamloze Vennootschap) on 5 February 2015, the Company operated as GrandVision B.V. On 6 February 2015, GrandVision N.V. listed its shares in an Initial Public Offering (“IPO”) on Euronext Amsterdam.

At 31 December 2015, 76.72% of the issued shares are owned by HAL Optical Investments B.V. and 21.99% by institutional and retail investors, with the remaining shares held by GrandVision's Management Board (0.46%) and in treasury (0.83%). HAL Optical Investments B.V. is indirectly controlled by HAL Holding N.V. All HAL Holding N.V. shares are held by HAL Trust. HAL Trust is listed on Euronext Amsterdam.

GrandVision N.V. and its subsidiaries (together, referred to as ‘the Group’) comprise a number of optical retail chains operated under different retail banners. As of 31 December 2015, the Group, including its associates, operated 6,110 optical retail stores (including franchise stores) in Argentina, Austria, Bahrain, Belgium, Brazil, Bulgaria, Chile, China, Colombia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Luxembourg, Malta, Mexico, Monaco, Norway, Oman, Peru, Poland, Portugal, Russia, Qatar, Saudi Arabia, Slovakia, Spain, Sweden, Switzerland, the Netherlands, the United Arab Emirates, Turkey, the United Kingdom, United States and Uruguay. An overview of the main subsidiaries can be found in note 39. The average number of employees of the Group (excluding associates) in full-time equivalents during 2015 was 27,510.