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Thales Board/Management Information 2014

Jul 2, 2014

1699_iss_2014-07-02_f621f088-c0d3-45f3-971f-6de25921005f.pdf

Board/Management Information

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Paris, 2 July 2014

Developments at the head of DCNS

Patrick Boissier, Chairman and CEO of DCNS, has informed its main shareholders, the French State (through the Agence des participations de l'Etat) and Thales, that he intends to ask the Board of Directors to cut short his term, 5 months before the end of his tenure, to provide clarity on the designation of his successor, hence setting the proper conditions for the Company to prepare its future.

Shareholders acknowledged this decision, which reflects Patrick Boissier's commitment to the Company's interests, and have thanked him for the work carried out and the results achieved during his tenure.

Following a selection process conducted by the Nomination Committee of DCNS, Hervé Guillou will be proposed as his successor at the July 23 Board Meeting. The Board's proposal will then be sent to the French President, as the decision to appoint the Chairman and CEO of DCNS rests with him and is issued by decree.

About Thales

Thales is a global technology leader in the Aerospace, Transportation and Defence & Security markets. In 2013, the company generated revenues of €14.2 billion with 65,000 employees in 56 countries. With its 25,000 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers and local partners.

www.thalesgroup.com

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