EXEL Industries // 2020 Universal registration document

Information on the Company and its share capital 8 Capital and shareholders

8.2.4 Shareholders

8.2.4.1 Breakdown of capital There have been no changes to the share capital in the last fi ve years. The amount of share capital thus remains unchanged at €16,969,750. The nominal value of EXEL Industries share was divided by two during the 2007/2008 fi scal year from €5 to €2.5.

Ownership of EXEL Industries Share Capital and Voting Rights

At 9/30/2018

At 9/30/2019

At 9/30/2020

Number of shares

% of capital

% of voting rights

Number of shares

% of capital

% of voting rights

Number of shares

% of capital

% of voting rights

Shareholders

EXEL SAS*

4,263,247

62.81% 70.57% 4,277,248 63.01% 71.36% 4,793,722

70.62% 75.75%

Patrick BALLU and family shareholders

903,958

13.32% 15.04% 891,483

13.13% 14.82% 902,994

13.30% 14.93%

BALLU family SUB-TOTAL 5,167,205

76.12% 85.62% 5,168,731

76.15% 86.18% 5,696,716 83.92% 90.68%

EXEL Industries SA

1,401

0.02% 0.00% 1,969

0.03% 0.00% 2,690

0.04% 0.00%

Financial inst., misc. investors & public

1,619,294

23.86% 14.38% 1,617,200 23.82% 13.82% 1,088,494

16.04% 9.32%

TOTAL

6,787,900 100.00% 100.00% 6,787,900 100.00% 100.00% 6,787,900 100.00% 100.00%

* EXEL SAS is wholly owned by the family of Patrick BALLU.

Legal entities or natural persons able to Ƥ exercise control

8.2.4.2

EXEL Industries control structure As of September 30, 2020, EXEL SAS and its affiliates are the controlling shareholders of EXEL Industries with 83.92% of the capital and 90.68% of the voting rights. As of October 13, 2020, EXEL SAS and a ffi liates hold 89.68% of the voting rights following the conversion of EXEL Industries shares to bearer status. The following measures ensure that the control exercised by EXEL SAS over the Company is carried out in an appropriate manner:  separation of the duties of Chairman of the Board of Directors and Chief Executive O ffi cer;  presence of independent members on the Board of Directors, in accordance with the recommendations of the MiddleNext Code;  Independent members dominate the Board of Directors’ Committees.

EXEL SAS Presentation

EXEL SAS is a holding company in which EXEL Industries shares are housed. The shareholders of EXEL SAS are members of the BALLU family, who are natural persons. The purpose of EXEL SAS is:  all transactions relating to the acquisition of direct or indirect equity interests in any French or foreign listed or unlisted companies, as well as the administration, management and development of those investments and any related activities;  the creation of new companies through a transfer, the subscription or purchase of shares or corporate rights, mergers with other companies, or the leasing or management of any assets or rights;  and generally all fi nancial, commercial, civil, industrial, movable or real estate transactions that may be directly or indirectly related to the corporate purpose de fi ned above.

Number of theoretical voting rights

At 09/30/2018

11,969,731

At 09/30/2019

11,955,754

At 09/30/2020

11,955,646

8.2.4.3 Crossing thresholds During the 2019/2020 fi scal year and at the start of the 2020/2021 fi scal year, the following threshold crossings were declared:

Direction of threshold

Threshold crossed

Number of shares after crossing

% of capital after crossing

% of voting rights after crossing

Shareholder

Date

Financière de l’Échiquier

08/06/2020

down 2.5% in share capital

167,408

2.4666%

1.399%

EXEL SAS

03/17/2020

up 66% in share capital

4,781,750

67.45%

73.96%

EXEL SAS and a ffi liates

10/13/2020

down 90% in voting rights

5,690,304

83.83%

89.68%

EXEL Industries group I 2020 Universal Registration Document

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