Schneider Electric SE — M&A Activity 2021

Nov 10, 2021

PRESS RELEASE DATED NOVEMBER 10, 2021

RELATING TO THE AVAILABILITY OF INFORMATION RELATING IN PARTICULAR TO THE LEGAL, FINANCIAL AND ACCOUNTING CHARACTERISTICS OF SCHNEIDER ELECTRIC INDUSTRIES SAS

AS PART OF THE SIMPLIFIED TENDER OFFER FOR THE SHARES OF THE COMPANY

INITIATED BY

SCHNEIDER ELECTRIC INDUSTRIES SAS

SUBSIDIARY OF THE

GROUP

PRESENTED BY

PRESENTING BANK AND GUARANTOR

TERMS OF THE OFFER FOR THE SHARES OF I.G.E.+X.A.O.:

€260 per I.G.E.+X.A.O. share

OFFER PERIOD:

10 trading days

The timetable of this offer (the "Offer") will be set out by the French Autorité des marchés financiers (the "AMF") in accordance with its General Regulation.

IMPORTANT NOTICE

In accordance with the provisions of Article L. 433-4 II of the French Monetary and Financial Code and Articles 237-1 et seq. of the AMF General Regulation, in the event that, upon completion of the Offer, the number of I.G.E.+X.A.O. shares not tendered by the minority shareholders (with the exception of the treasury shares held by I.G.E.+X.A.O.) does not represent more than 10% of the share capital and voting rights of I.G.E.+X.A.O., Schneider Electric Industries SAS intends to request the AMF to implement, within three (3) months following the closing of the Offer, a squeeze-out procedure in order to have transferred to Schneider Electric Industries SAS the I.G.E.+X.A.O. shares not tendered to the Offer (other than the treasury shares held by I.G.E.+X.A.O.), in exchange for a compensation per share equal to the Offer price, following adjustment as the case may be.

This press release is prepared and distributed by Schneider Electric Industries SAS (the "Offeror") in accordance with the provisions of Article 231-28 of the AMF General Regulation.

In the context of the simplified tender offer initiated by Schneider Electric Industries SAS for the shares of I.G.E.+X.A.O., and in accordance with Article 231-28 of the AMF General Regulation, information relating in particular to the legal, financial and accounting characteristics of the Offeror (the ""Other Information" Document") was filed with the AMF on November 10, 2021 and made available to the public on the date hereof. The "Other Information" Document is available on the websites of Schneider Electric (www.schneider-electric.com) and of the AMF (www.amffrance.org) and may be obtained free of charge on request from:

Schneider Electric Industries SAS	BNP Paribas
35 rue Joseph Monier	16 boulevard des Italiens
92500 Rueil-Malmaison	75009 Paris

Prior to the opening of the Offer, the AMF and Euronext Paris will respectively publish a notice announcing the opening and the timetable of the Offer and a notice announcing the terms and conditions of the Offer.

DISCLAIMER

This press release has been prepared for informational purposes only. It does not constitute an offer to acquire securities. The distribution of this press release, the Offer and acceptance of the Offer may be subject to specific regulations or legal restrictions in certain jurisdictions. The Offer is not directed to any person who is subject to such restrictions, either directly or indirectly, and is not likely to be accepted from any country where the Offer would be subject to such restrictions. This press release is not intended for dissemination in such countries. Accordingly, persons coming into possession of this press release must inform themselves of the applicable legal restrictions and comply with them.

The Offeror will not be liable for the violation of applicable legal restrictions by any person.