Wendel

Legal Proceedings Report • Jan 17, 2011

Wende el decides to o appeal th e ruling of t the French Committe Financial M ee Markets Aut thority's En nforcement

Wendel ha Committee which took as acknowle regarding th place in 200 dged the r he objection 06 and 2007. uling of the ns filed by th e French Fi he AMF in Ju inancial Ma uly 2009, con rkets Autho ncerning eve ority's (AMF ents linked to F) Enforcem o Saint‐Goba ent ain,

First, Wend which has strategy, as and three d del wishes to been progre s a main shar directors on t o reiterate th essively built reholder with the Board. hat Saint‐Go t up over tim h a 17.5% sta bain and We me, is excel ake in its cap endel's relat lent. Wende pital, double tionship of c el is actively voting right onfidence a y supporting s at shareho nd partnersh Saint‐Goba olders' meeti hip, in's ngs

Wendel is Committee exonerated extremely d has not fo Wendel. disappointed llowed the d that, afte findings, an r eighteen alyses and months inv conclusions estigating t of its own he case, th reporter, w e Enforcem who had clea ent arly

The Commi manageme against the ittee has use nt bodies an company. ed alternativ nd which is b ve reasoning based on a se g which in n eries of unre no way cons elated eleme siders the de ents, each of ecisions take f which has b en by Wend been constru el's ued

Wendel reg continuous atmosphere grets also th public cont e necessary f hat before, troversies ha for the analy during and ave develop ysis of this ca after the En ped around ase. nforcement Wendel and Committee' d the AMF's s hearing o s role, dama n 9 Decemb aging the ca ber, alm

Wendel wil arguments regulations l appeal this presented b in force at t ruling at the by the Group he time. e Paris Court p in order to t of Appeal, w o demonstrat which will he te that Wen ear in fact an del has com nd law the ev mplied with t vidence and he law and key the

Wendel wil the Commit defence and l also highlig ttee's attem d the advers ght that the pts in its rep arial princip enforcemen port to defen le. nt procedure nd its ruling, e is viciated notably wit by breach o th regard to of procedura respecting t al rules, desp he rights of pite the

About Wendel

Wendel is one businesses: Bu shareholder. It leading market e of Europe's lea ureau Veritas, L implements lon t positions. ading listed inve Legrand, Saint‐G ng‐term develop estment firms. Gobain, Materis pment strategies The Group inve s, Deutsch, Ora s, which involve ests in France a anje‐Nassau and boosting growt nd abroad, in c d Stahl. Wende th and margins o companies that el plays an activ of companies so are leaders in t ve role as indu as to enhance t their ustry their

Wendel's conso Standard & Poo olidated 2009 sa or's rating: Long ales totaled €4.9 g term BB‐, stabl 9 billion. Wende e outlook ‐ Shor l is listed on Eur rt term B since J rolist by Euronex uly 19, 2009. xt Paris.

Wendel is th since its ope he founding spo ning in May 201 onsor of the Cen 10. ntre Pompidou‐ Metz, which ha s welcomed ove er 600,000 visit ors

Press contacts s

Anne‐Lise Bap al.bapst@wen pst:+33 (0) 1 42 ndelgroup.com 85 63 24

Christèle Lion: c.lion@wende : +33 (0) 1 42 85 elgroup.com 5 91 27

Analysts and i nvestor contac cts

Laur rent Marie: +33 l.marie@w 3 (0)1 42 85 91 3 wendelgroup.co 31 om

O livier Allot: +33 o.allot@w 3 (0)1 42 85 63 7 wendelgroup.co 73 om