Legrand: Meeting of shareholders of May 27, 2016

Regulatory News:

The combined ordinary and extraordinary general meeting of LEGRAND (Paris:LR) shareholders was held on May 27, 2016, chaired by Legrand Chairman and Chief Executive Officer, Mr. Gilles Schnepp.

Legrand shareholders adopted all the resolutions proposed by the Board of Directors by a large majority.

In particular, Legrand shareholders decided:

• to renew, for a four-year term, the Director’s mandate of Ms. Christel Bories, also Chairwoman of the Strategy and Social Responsibility Committee and member of the Audit Committee;
• to renew, for a four-year term, the Director’s mandate of Ms. Angeles Garcia-Poveda, also Lead Director, Chairwoman of the Nominating and Governance Committee, Chairwoman of the Compensation Committee and member of the Strategy and Social Responsibility Committee;
• to renew, for a four-year term, the Director’s mandate of Mr. Thierry de La Tour d’Artaise, also member of the Nominating and Governance Committee;
• to appoint, for a four-year term, Ms. Isabelle Boccon-Gibod, as an independent Director.

From now, out of a total of ten members, the Board of Directors includes:

• Seven independent Directors, i.e., a ratio of 70%, which exceeds the 50%-ratio recommended by the Afep-Medef Code of Corporate Governance;
• Five women, i.e., a proportion of 50%, which exceeds both the requirements of the French Commercial Code (40% as from 2017) and the recommendations of the Afep-Medef Code of Corporate Governance (40% as from 2016); and
• Four different nationalities: Chinese, French, Italian, and Spanish.

Membership of the Board of Directors thus reflects a great diversity of talents, nationalities and cultures, in line with the diversity policy advocated by the Group.

Meeting immediately after the general meeting, the Board of Directors decided to appoint Ms. Isabelle Boccon-Gibod as a member of the Audit Committee and Ms. Eliane Rouyer-Chevalier as a member of the Compensation Committee.

Legrand shareholders also decided to distribute a dividend of €1.15 per share in respect of the 2015 financial year, split into two payments¹:

• €0.72 per share from distributable income;
• €0.43 per share as a repayment of paid-in capital.

Ex-dividend date will be May 31, 2016 and the dividend will be paid on June 2, 2016.

Presentations to the General Meeting as well as full results of votes on resolutions and the General Meeting webcast are available on the Company’s website at www.legrand.com, under "Investors - Shareholders / Shareholders’ corner / 2016 General Meeting”.

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Key financial dates

• Ex-dividend date: May 31, 2016
• Dividend payment: June 2, 2016
• Investor Day: June 30, 2016
• 2016 first-half results: August 1, 2016
• 2016 nine-month results: November 10, 2016

ABOUT LEGRAND

Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for commercial, industrial and residential markets makes it a benchmark for customers worldwide. Drawing on a nearly 10-year CSR (Corporate Social Responsibility) approach that involves all employees, Legrand is pursuing its strategy of profitable and sustainable growth driven by innovation, with a steady flow of new offerings—including Eliot* connected products that enhance value in use—and acquisitions. Legrand reported sales of more than €4.8 billion in 2015. The company is listed on Euronext Paris and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, Corporate Oekom Rating, DJSI, Vigeo Euronext Eurozone 120 and Europe 120 and Ethibel Sustainability Index Excellence
(ISIN code FR0010307819).
www.legrand.com

*Eliot is a program launched in 2015 by Legrand to speed up deployment of the Internet of Things in its offering. A result of the group’s innovation strategy, the Eliot program aims to develop connected and interoperable solutions that deliver lasting benefits to private individual users and professionals.
http://www.legrand.com/EN/eliot-program_13238.html

¹ Indicative split released for informative purposes only and likely to be amended, depending on the change in number of shares entitling their holders to the distribution by the payment date. For more detailed explanations, please refer to pages 314-315 of the 2015 Registration Document

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