Schneider Electric SE — M&A Activity 2015

Oct 30, 2015

Schneider Electric reaches Acuity Brands reaches an agreement to sell Juno L Lighting to

Rueil-Malmaison (France), October reached an agreement to sell Juno Lighting leading providers of innovative lighting solutions. Malmaison 30, 2015 - Schneider Electric announces today that it Lighting, LLC ("Juno") to Acuity Brands, Inc. solutions. has , Inc., one of the world's

Juno is a North American supplier residential and commercial sectors \$32m in 2014. Juno is currently consolidated under the Buildings and Partner business Electric. merican supplier, specialized in recessed and track lighting fixtures, in both sectors. The business generated revenues of \$230m and an EBITDA of business of Schneider

The terms of the agreement reflect a cash purchase pr (approximately €350m), implying a multiple of c. 12.0x is consistent with the Group's strategy to optimize its portfolio and strengthen its focus on core businesses. The transaction would generate a Such loss/impairment would be excluded from the basis of calculation for Schneider Electric's 2015 dividend. price totaling approximately Juno's EBITDA 2014. The tion capital loss/ impairment of up to ice approximately \$385m sale of Juno Lighting \$300m (c. €270m).

The agreement is conditioned upon the satisfaction of certain regulatory customary closing conditions. The transaction conditions and . transaction is expected to close in the coming months on other months.

Jean-Pascal Tricoire, Chairman and CEO, commented: Lighting, which is consistent with our strategy to our focus on core businesses to drive the performance." Pascal "Today, we announce the optimize the portfolio. This allows us to strengthen sale of Juno

About Schneider Electric

www.schneider-electric.com

Schneider Electric is the global specialist in energy management and automation. With revenues of FY2014, our 170,000 employees serve customers in over 100 countries, helping them to manage their energy and processes in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, softwar and automate their operations. Our connected technologies will reshape industries, transform cities and enrich lives. At Schneider Electric, we call this software and services improve the way our customers manage Life Is On. €25 billion in e

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Investor Relations Schneider Electric Anthony Song Tel: +33 (0) 1 41 29 83 29 Fax : +33 (0) 1 41 29 71 42 www.schneider-electric.com ISIN : FR0000121972

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