Colas — M&A Activity 2016

Feb 2, 2016

Boulogne, February 2, 2016

Colas signs agreement to sell (with conditions precedent) its stake in the capital of Atlandes (A63 highway concession company) to HICL and DIF investment funds

Colas Sud-Ouest, a subsidiary of Colas, signed an agreement to sell (with conditions precedent) its 15.564% stake in the capital of Atlandes, a highway concession company, to HICL Infrastructure Company Limited and DIF investment funds (9.338% will be sold to HICL and 6.226% to DIF).

Atlandes has a concession for the section of the A63 Highway between the towns of Salles and Saint-Geours-de-Maremne. The A63 is part of the Atlantic corridor highway, the main trade axis between France, Spain and Portugal. It was opened for service in November 2013. The operation was successfully refinanced in June 2015. Colas has been a developer and partner on this project from the start. It played a major role in setting up the financial package and participated in the design process, the construction work and refinancing.

The sales agreement covers the 15.564% stake in the capital of Atlandes and the shareholder loans for a total of 98 million euros. The conditions precedent and the sale should be able to come to completion at the beginning of 2017.

HICL Infrastructure Company Limited is an infrastructure investment fund, listed in London, managed by InfraRed Capital Partners, with roughly £1.8 billion in assets under management.

DIF is a management company specialized in infrastructure investments, managing some €3.2 billion in assets.

The Colas Group (www.colas.com)

Colas, a subsidiary of the Bouygues Group, is a world leader in the construction and maintenance of transport infrastructure, aiming to meet the challenges of mobility, urban development and environmental protection. With 60,000 employees in more than 50 countries on five continents, the Group performs some 100,000 projects each year via 800 construction business units and 2,000 material production units. In 2014, consolidated revenue at Colas totaled 12.4 billion euros (47% outside of France). Net profit attributable to the Group amounted to 604 million euros.