Update on the intended offer by Thales for Gemalto

12.01.2018 Investors

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Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 17 December 2017 in respect of the intended recommended all-cash offer by Thales for all the issued and outstanding ordinary shares in the capital of Gemalto at an offer price of 51.00 per share cum dividend (the Offer).

Pursuant to the provisions of Section 7, paragraph 1 sub a of the Decree, requiring a public announcement including a status update regarding an intended public offer within four weeks following its announcement, Thales and Gemalto hereby provide this joint update on the Offer.

Thales and Gemalto confirm that they are making good progress on the preparation for the Offer. Thales expects to submit a request for review and approval of the offer document in relation to the Offer with the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financi le Markten) during the week beginning 29 January 2018, which is before the applicable deadline under Dutch law.

In addition, Thales and Gemalto confirm that the process to obtain the required regulatory approvals and clearances for the Offer is proceeding. The transaction is expected to close shortly after Thales has secured all customary regulatory approvals and clearances, which is anticipated in the second half of 2018.

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This is a joint press release by Thales and Gemalto pursuant to Section 7 paragraph 1 sub a of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft, the Decree ) in connection with the intended public offer by Thales for all the issued and outstanding shares in the capital of Gemalto. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Gemalto. Any offer will be made only by means of an offer memorandum.

Contacts

Thales, Media Relations

C dric Leurquin

33 1 57 77 86 26

cedric.leurquin@thalesgroup.com

Thales, Investor Relations

Bertrand Delcaire

33 1 57 77 89 02

ir@thalesgroup.com

Gemalto, Media Relations

Isabelle Marand

M.: 33 6 1489 1817

isabelle.marand@gemalto.com

Gemalto, Media Relations Agency

Frans van der Grint

T: 31 629044053

Frans.vanderGrint@hkstrategies.com

LINK:	https://www.thalesgroup.com/en/worldwide/group/press-release/update-in...
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