LEGRAND_REGISTRATION_DOCUMENT_2017

APPENDIX Appendix 1

8.1 CREDIT FACILITY In October 2011, the Company signed an agreement with six banks to set up a €900.0 million revolving multicurrency facility (2011 Credit Facility) utilizable through drawdowns. The five-year facility could be extended for two successive one-year periods. In July 2014, the Company signed an agreement that amended and extended the Credit Facility finalized in October 2011 with all banks party to this contract. The agreement extended the maximum maturity of the €900.0 million revolving credit line by three years, i.e., up to July 2021, including two successive one- year period extension options, and at improved financing terms compared with October 2011. Drawdowns are subject to an interest rate equivalent to Euribor/ Libor plus a margin determined on the basis of the Group’s credit rating. In addition, the 2011 Credit Facility does not contain any covenants. As of December 31, 2017, the Credit Facility had not been drawn down. BONDS In February 2010, the Company carried out a €300.0 million 4.25% seven-year bond issue. The bonds were redeemable at maturity on February 24, 2017. 8.2

In March 2011, the Company carried out a €400.0 million 4.375% seven-year bond issue. The bonds will be redeemable at maturity on March 21, 2018. In April 2012, the Company carried out a €400.0 million 3.375% ten-year bond issue. The bonds will be redeemable at maturity on April 19, 2022. In December 2015, the Company carried out a €300.0 million 1.875% twelve-year bond issue. The bonds will be redeemable at maturity on December 16, 2027. In July 2017, the Company carried out a bond issue for a total of €1.0 billion, in two tranches of €500.0 million each, with maturities of 7 and 15 years. The respective maturity dates of these two tranches are July 6, 2024 and July 6, 2032 and their annual coupons are respectively 0.750% and 1.875%. In October 2017, the Company carried out a €400.0 million 0.50% six-year bond issue. The bonds will be redeemable at maturity on October 09, 2023. OTHER DEBT Other debt consists of the €8,852 thousand due to subsidiaries under the group relief agreement (corresponding to the tax benefits derived from the Company’s use of their tax losses that they will recover when they return to profit). 8.3

R NOTE 9 – NOTES TO THE STATEMENT OF INCOME

Non-recurring income and expense is as follows:

December 31, 2017

December 31, 2016

(in € thousands)

Revenue transactions

0

171

Capital transactions

1,256

1,478

Provision reversals and expense transfers

0

17,651

TOTAL NON-RECURRING INCOME

1,256

19,300

Revenue transactions

(54)

(183)

Capital transactions

0

(23,311)

Amortization and provision expense

0

0

TOTAL NON-RECURRING EXPENSE

(54)

(23,494)

NON-RECURRING INCOME AND EXPENSE, NET

1,202

(4,194)

Non-recurring income and expenses on capital transactions correspond to income and expense generated on sales and purchases of treasury shares in connection with the liquidity contract (income of €1,176 thousand).

A

325

REGISTRATION DOCUMENT 2017 - LEGRAND