Paris, January 4, 2016
                                                                      

Half-Year liquidity contract statement

Under the liquidity contract signed between DANONE and Rothschild & Cie Banque, the following assets were held by the liquidity account as of December 31, 2015.

·            0  Share
·            6,220,000.00 €

For information, on the last half-year liquidity contract statement as of June 30, 2015, the following assets were allocated to the liquidity account:

• 0 Share
• 6,192,559.00 €

Moreover, at the implementation of the contract on January 17, 2014, the following resources have been allocated to the liquidity contract:  

·            120,000  Shares
·            0 €