Imerys

M&A Activity • Dec 24, 2019

Imerys expands in high performance abrasives in China

Imerys has completed the acquisition of 65% of Shandong Luxin Mount Tai Co., a leading Chinese producer of fused minerals for abrasives, with €12 million annual revenue in 2018. With this deal, Imerys, a global leader in fused minerals, will expand its presence in the growing abrasives market in China where it will notably increase its production capacity of ultra-fine alumina for high-performance abrasives.

This business is consolidated in the Refractory, Abrasives & Construction business area.

The world leader in mineral-based specialty solutions for industry, with €4.6 billion revenue and 18,000 employees, Imerys delivers high value-added, functional solutions to diversified set of industrial sectors, from processing industries to consumer goods. The Group draws on its knowledge of applications, technological expertise and its material science know-how to deliver solutions based on beneficiation of its mineral resources, synthetic minerals and formulations. These contribute essential properties to customers' products and performance, including refractoriness, hardness, conductivity, opacity, durability, purity, lightness, filtration, absorption and repellency. Imerys is determined to develop responsibly, in particular by fostering the emergence of environmentally-friendly products and processes.

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More comprehensive information about Imerys may be obtained from its website (www.imerys.com) under Regulated Information, particularly in its Registration Document filed with Autorité des marchés financiers on March 20, 2019 under number D.19-0175 (also available from the Autorité des marchés financiers website, www.amf-france.org). Imerys draws the attention of investors to chapter 4, "Risk Factors and Internal Control" of its Registration Document.

Disclaimer: This document contains projections and other forward-looking statements. Investors are cautioned that such projections and forward-looking statements are subject to various risks and uncertainties (many of which are difficult to predict and generally beyond the control of Imerys) that could cause actual results and developments to differ materially from those expressed or implied.

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Analyst / Investor Relations Vincent Gouley - +33 (0)1 4955 6469 finance@imerys.com

Press contacts Claire Garnier - +33 (0)1 4955 6427

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