EXEL Industries // 2020 Universal registration document

Information on the Company and its share capital Information that could have an impact in the event of a takeover bid

Disclosures on ownership thresholds (Article 10 of the Articles of Association)

Information on pledges To the best of our knowledge, none of the shares making up EXEL Industries’ share capital are pledged.

“In addition to those thresholds provided for by applicable laws and regulations, any shareholder, a natural person or legal entity, who acquires a proportion of the share capital or voting rights equal to 2.5%, or whose holdings fall below or rise above this threshold or any multiple thereof, must notify the Company of the total number of shares of voting rights possessed within 15 days after crossing this threshold by registered letter with acknowledgment of receipt.” “If the crossing of this threshold is not reported to the Company within fi fteen days, the sanctions provided for by applicable laws and regulations will then apply”, that is to say that, the failure to report crossing a threshold shall result in the loss of voting rights for the shares exceeding the percentage that should have been reported, for a period of two years after this disclosure obligation has been met”. Other securities giving access to the share capital None.

Shareholders’ agreement There are no shareholders’ agreements.

Dividend policy It is expected that a dividend representing approximately one-quarter of consolidated net incomewill be paid over the next few fi scal years, except in the event of negative or excessively low consolidated net income. Limitation period In accordance with the provisions of French law, dividends not claimed within fi ve years are time-barred and shall be paid over to the French State.

Information that could have an impact in the event of Ƥ a Ƥ takeover bid

8.3

Pursuant to Article L.22-10-11 (formerly Article L.225-37-5) of the French Commercial Code, to the Company’s knowledge, the elements likely to have an impact in the event of a takeover bid are as follows:  as of October 13, 2020, holding by EXEL SAS and a ffi liates of 83.83% of the share capital and 89.68% of the theoretical voting rights of EXEL Industries; the BALLU family holds 13.21% of the share capital and 14.96% of the theoretical voting rights;  allocation of double voting rights to fully paid-up shares that have been registered in the name of the same shareholder for at least four years;

 crossing of statutory thresholds: crossings must be declared every 2.5% of capital and voting rights;  the Board of Directors is authorized to buy back Company shares;  appointment of directors: they are appointed by the shareholders’ Annual General Meeting in which EXEL SAS and its a ffi liates hold more than 85% of the exercisable voting rights.

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EXEL Industries group I 2020 Universal Registration Document

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