Somfy / Finalisation of the disposal of the Ciat equity investment

PR Newswire/Les Echos/ Press release 6 January 2015 Finalisation of the disposal of the CIAT equity investment On 5 January, Somfy transferred its 46.1% equity investment in the share capital of CIAT Group, a specialist in air conditioning and heat exchange in buildings, to United Technologies Corporation. The transaction, which was announced in principle on 24 July 2014, was subject to several conditions precedent (authorisation of the supervisory bodies, approval of CIAT Group's works council, etc.). The transaction is worth approximately EUR117 million, including EUR38 million related to the transfer price(1) of the securities, excluding costs, and EUR79 million for the redemption of the CIAT bond issue originally subscribed to by Somfy. Corporate profile Somfy is the global leader in opening and closing automation for both residential and commercial buildings. Contacts Somfy: Pierre Ribeiro (+33 4 50 40 48 49)/ Jean-Michel Jaud (+33 4 50 96 70 65) Shan: François-Xavier Dupont (+33 1 44 50 58 74) Advisors Somfy has been advised by Crédit Agricole CIB and Cofina Corporate Finance for the financial part of this transaction and by De Gaulle Fleurance & Associés in relation to the legal part. www.somfyfinance.com (1) Payment of the sum related to the transfer price of the securities will be partly deferred. The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.