PCAS

Share Issue/Capital Change • Sep 30, 2015

ADEME ACQUIRES A STAKE IN ENERSENS AS PART OF THE 'INVESTMENTS FOR THE FUTURE' PROGRAM

Acknowledgment of the economic and societal potential of super the heart of COP21 concerns relating to energy transition A €6 million capital increase super-insulating materials at insulating

Longjumeau Longjumeau, September 30, 2015,

PCAS (Euronext Paris : PCA), PCAS (Euronext Paris: PCA), specialists in the development and complex molecules for life sciences and innovative technologies, is pleased to announce that ADEME has acquired a stake in its subsidiary ENERSENS, which develops, mass produces and markets very high materials. production of high-performance insulating

• Under its 'Investments for the Future' program, ADEME participates in ENERSENS' increase over two years. This project is backed by the "New resources" Solution of Nouvelle France Industrielle (New Industrial France), a program pursued by the g chemistry" industrial plan. government following on from the "green €6 million capital
• ADEME is investing €3 million and through this transaction will acquire a 14 % interest in ENERSENS, alongside a family office (19 %) and PCAS, which remains the principal shareholder (with overnment (with a 67 % stake).
• This transaction confirms the credibility of the super underscores the innovative and ground super-insulation project headed by ENERSENS and ground-breaking nature of its manufacturing processes and products.
• The funds thus raised will, among other things facilities for padded materials and super insulating granules manufacturing unit, which will come into production by the e things, finance the implementation of industrial production super-insulating panels. These resources will supplement the super insulation breaking insulating superend of the year.

Ségolène Royal, the French minister for ecology, sustainable development and energy, has reiterated the importance of innovation in energy transition serving green growth. In this respect, the State encourages initiatives like that of ENERSENS, which represent a tremendous source of solutions for combating climate disruption. A few weeks away from the COP 21, this capital increase illustrates the dynamism of French industry in this respect. ENS, industry and digital technology, has stressed the fact that

Emmanuel Macron, the French minister for economy, i the ENERSENS project is the culmination of innovation work backed by public authorities. It should lead to the development of a sector of excellence in France in the field of superinsulaing materia materials, which will create jobs. ndustry ls,

ADEME Chairman Bruno Lechevin comments: " company, which gains another dimension through this capital increase. This investment falls within the scope of ADEME's mission as part of its Investments for the Future program of funding French companies with very high growth potential. We believe that the super in particular a concrete and highly efficient soluti essential to the success of the energy transition. ADEME is delighted to be partnering this highly innovative super-insulating materials developed and mass produced by ENERSENS offer solution for energy-saving improvements to buildings, which are " insulating

PCAS CEO Vincent Touraille adds: "We are delighted that ADEME is acquiring a strategic stake in ENERSENS as part of the Investments for the Future program. This fund raising operation, which is a new crucial stage in ENERSENS' development, will provide it with the resources it needs to r insulating materials in general, on an industrial scale. roll out its technologies, and its super " oll super-

Didier Schneider and Pierre-André Marchal, conclude "ADEME's investment furthers our ambition to be further confirms our credibility among the key players of energy transition in France and all over the world. ENERSENS will thus be present at the COP21 conference at the end of 2015. André respectively Chairman and Executive Director of ENERSENS, become the European leader in super " come super-insulation and

ABOUT PCAS

PCAS specialises in the development and production of complex molecules for Life Sciences and Innovative Technologies. With 7% of its turnover dedicated to R&D and a wide international presence, PCAS is the preferred industrial partner of market-leading major global groups. The company offers a growing range of proprietary products and solutions in leading edge segments, and also includes two subsidiaries with performance insulation. With a particularly high standard of performance, PCAS achieved net sales of and employs nearly 900 people in six countries. D leading very strong potential: Protéus in biotechnology and Enersens in high leadinghigh-€166 million in 2014

To find out more about PCAS, visit www.pcas.com.

ABOUT ENERSENS

Enersens, a subsidiary of PCAS, designs and manufactures in Bourgoin based on its own patented production technologies. Enersens aims to become a key contributor to energy transition by becoming a leading manufacturer of high performance thermal insulation materials. ENERSENS leads the H2020 HOME European project and has been participating for several years in a number of collaborative research programs involving scientific institutes such as Mines Paristech, Bourgoin-Jallieu (France) aerogel Paristech, INSA, CNRS, USTUTT, ZAE, CEA/INES,etc. Jallieu aerogel beads, panels and blankets HOMESKIN

To find out more about ENERSENS, visit www.enersens.fr www.enersens.fr

About ADEME

ADEME (the French Environment and Energy Management Agency) helps implement public policies in the fields of the environment, energy and sustainable development. The Agency provides companies, loca consumers with its expertise and advice to help them progress in their environmental approach. It also helps fund projects, from research to implementation, in the following fields: waste management, soil conservation, energy renewable energies, air quality and noise abatement and control. local authorities, government and l efficiency and

ADEME is a public corporation under the supervision of the French Ministry for Ecology, Sustainable Development and Energy and the Ministry of state education, higher education education and research.

To find out more about ADEME, go to www.ademe.fr/Press Service: +33 (0)1 58 47 81 28 or ademepresse@havasww.com

THE 'INVESTMENTS FOR THE FUTURE' PROGRAM (PIA IN FRENCH) IN BRIEF

The 'Investments for the Future' program totals 47 billion eur the capacity to innovate and the competitiveness of companies. Identified as a "priority" by the Government, five key strategies will help France boost its growth potential: higher education a industry and SMEs, and the digital economy. Through this program the State is paving the way for future generations to defend their chances and those of France in tomorrow's world. euros for funding innovation in France, boosting the productivity, and training, sustainable development, research, os nd

www.ademe.fr/entreprises-monde-agricole/innover www.gouvernement.fr/investissements-dagricole/innover-developper/investissements-davenir -avenir-cgi

ABOUT NOUVELLE FRANCE INDUSTRIELLE

Liberté • Égalité • Fraternité	Liberté - Égalité - Fratteriste
RÉPUBLIQUE FRANCAISE	RÉPUBLIQUE FRANCAISE
MINISTÈRE DE L'ÉCOLOGIE. DU DÉVELOPPEMENT DURABLE ET DE L'ÉNERGIE	MINISTÈRE DE L'ÉCONOMIE. DE L'INDUSTRIE ET DU NUMÉRIQUE

The industrial reconquest is on the move since the launch of Nouvelle France Industrielle in September 2013. With Industrie du Futur (Industry of the Future) and new industrial solutions, it has entered its second phase for successful re markets both in France and abroad. re-industrialization, addressing new needs and new

Phase 2 of Nouvelle France Industrielle is structured around 9 industrial solutions to position itself on the main markets of the future. The "New resources" solution aims to hatch new produ efficient processes. It supports the conversion of production modes of chemical companies, enabling them to tackle the challenges of sustainable development. production modes based on more

Contacts

PCAS	NewCap
Vincent Touraille / Eric Moissenot PCAS	Emmanuel Huynh / Louis -Victor Delouvrier NewCap Financial communication et Investor relations
Tél. : +33 1 69 79 61 32 www.pcas.com	Tél. : +33 1 44 71 98 53 pcas@newcap.eu