PRESS RELEASE
November 9, 2011
Not for distribution, directly or indirectly, in the United States, Canada, Australia or Japan.
Wendel reports a circa 191 million capital gain from the sale of a 4.9% stake of Legrand’s share capital
Wendel and Kohlberg Kravis Roberts & Co. (together with its affiliates, « KKR ») have announced the successful completion of the joint sale of 24.3 million shares of Legrand, representing 9.2% of Legrand’s share capital, at a price of 24 euros per share.

In this context, Wendel sold approximately 13 million shares or 4.9% of Legrand’s share capital for a global amount of 313 million and a capital gain of around 191 million.

Following the sale of approximately 890 000 Legrand shares at an average price of approximately 24 euros per share during last September and the transaction completed today, Wendel holds approximately 5.8% of the share capital of Legrand and approximately 10.1% of its voting rights.

Wendel and KKR have signed last March a new shareholders’ agreement relating to their shareholding in
Legrand in which both parties have decided to continue co-operating with respect to the management of their shareholding as well as the governance of Legrand, and to act in concert with respect to Legrand. The transaction completed today doesn’t change the representation of Wendel and KKR on the board of directors of
Legrand.

After Legrand announced solid 9-month and third quarter 2011 results in line with its objectives, with a good organic growth, the pursuit of the strategy consisting in self-financed and targeted acquisitions of small and mid- size companies, offering high growth potential and strong market positions, Wendel reiterates its confidence in the development of Legrand in the future and in the soundness and quality of the business model of Legrand.

Disclaimer
No communication and no information in respect of the sale by KKR and Wendel of Legrand shares may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required. The offer or sale of the Legrand shares by KKR and Wendel may be subject to specific legal or regulatory restrictions in certain jurisdictions. KKR and Wendel take no responsibility for any violation of any such restrictions by any person.

This announcement is not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of November 4, 2003, as implemented in each member State of the European Economic Area, and amendments thereto, including Directive 2010/73/EU to the extent implemented in the relevant member State of the European Economic Area, the « Prospectus Directive ».

This announcement does not, and shall not, in any circumstances constitute a public offering, nor an offer to sell or to subscribe, nor a solicitation to offer to purchase or to subscribe securities in any jurisdiction.

The offer and sale of the Legrand shares by KKR and Wendel in France has been carried out through a private placement, in accordance with article L.411-2 of the French Financial and Monetary Code and other applicable laws and regulations. There has been and will be no public offering in France.

With respect to the member States of the European Economic Area, other than France, which have implemented the Prospectus Directive (each a « Relevant Member State »), no action has been undertaken or will be undertaken to make an offer to the public of the Legrand shares sold by KKR and Wendel requiring a publication of a prospectus in any relevant member State. As a consequence, the Legrand shares may only be offered or sold in any Relevant Member State pursuant to an exemption under the Prospectus Directive.

In the United Kingdom, this press release is directed only at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the « Financial Promotion Order »), and (ii) « high net worth entities », « unincorporated associations » and other persons to whom it may otherwise be lawfully communicated under Article 49(2)(a) to (d) of the Financial Promotion Order.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States.

Securities may not be offered or sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended (the « Securities Act »), or exempt from registration. The shares of Legrand have not been and are not being registered under the Securities Act, and neither KKR nor Wendel intend to register any portion of the shares in the proposed offering in the United States or to conduct a public offering of securities in the United States.
This press release may not be published, forwarded or distributed in the United States, Canada, Australia or Japan.

Any investment decision to buy shares in Legrand must be made solely on the basis of publicly available information regarding Legrand.
Such information is not the responsibility of Société Génerale, KKR or Wendel and has not been independently verified by Société
Génerale, KKR or Wendel.

La présente information ne constitue qu’un extrait du communiqué ci-après : Télécharger le communiqué complet
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