Shareholding structure

Since December 2005, the HAL Group (http://www.halholding.com/) holds the shares of GrandVision.

HAL Holding N.V.is an international investment company based in the Netherlands Antilles with offices in Monaco, Rotterdam and Seattle. All shares of HAL Holding are held by HAL Trust and form the Trust’s entire assets. HAL Trust’s shares are quoted on the Euronext Amsterdam Stock Exchange.

The HAL strategy is focused on acquiring significant shareholdings in companies, with the long-term objective of increasing shareholders’ value. Given the emphasis on the longer term, HAL does not have a pre-determined investment horizon.

HAL is the majority shareholder in the following other optical retailers

  • Since 1996 in Pearle Europe B.V. (http://www.pearleeurope.com/), based in Amsterdam. At the end of 2007 Pearle Europe operated 2,198 stores in eighteen countries, primarily European. 2007 system wide sales amounted to approximately € 1.3 bill.
  • Since 2006 in Shanghai Redstar Optical, based in Shanghai. At the end of 2007 Redstar operated 90 stores in Shanghai with sales of € 10 mill.
  • In 2007 Fotoptica and Fábrica de Óculos, 2 chains in Brazil were acquired. They operated a total of 95 stores at the end of 2007.
  • In 2007 Fahri Kuz, based in Istanbul, was acquired. It operated 9 stores at the end of 2007.