Vergnet S.A. — M&A Activity 2014

Jul 16, 2014

Potential sale of VERGNET Hydro (water activity)

Ormes, 16 July 2014

Vergnet announced it has received a commitment to purchase 100% of the share capital of its subsidiary VERGNET Hydro from a group of investors brought on board by two lead investors, CFL Partners and Demeter Partners, backed by Sofimac Partners, Bpifrance and the management.

This commitment to purchase gives Vergnet the opportunity to exercise the put option it holds until 31 July 2014. If it exercises this option, and if certain conditions precedent are met, the sale would go ahead at a price of €8m.

VERGNET Hydro incorporates Vergnet Group's hydraulic activities in rural areas (hydraulic pumps, reservoirs, water conveyance projects). It generated turnover of €10.1m in 2013.

Jérôme Douat, Chairman of Vergnet SA's Management Board said: "as part of its refocusing strategy, this deal would give Vergnet the opportunity to obtain the financial resources required for its development around medium power wind turbines, turnkey renewable energy solutions, solar power solutions and hybrid systems".

About Vergnet SA

The Vergnet group specialises in generating renewable energy from wind, solar and hybrid sources. On the strength of its unique technologies, the group developed the Hybrid Wizard, a hybrid system that coordinates, in real time, the supply of renewable energies that can be sent to the electricity grid while ensuring the operational safety and security of insular or isolated networks. The group has installed 900 wind turbines. It operates in nearly 35 countries and has 221 employees in 11 offices. Vergnet has been listed on Alternext since 12 June 2007.

Contacts

Vergnet Group Actifin

Henri-Luc Julienne Emma Barféty Tel: +33 (0)2 38 52 59 92 Tel: +33 (0)1 56 88 11 11 hl.julienne@vergnet.fr ebarfety@actifin.fr

Corporate Secretary Analyst and Investor Relations