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INCREASED OWNERSHIP OF SUPOR

22 December – Groupe SEB announced an agreement with Supor Group, the Su founding family’s holding company, to purchase 50 million shares.

Groupe SEB announced an agreement with Supor Group, the Su founding family’s holding company, to purchase 50 million shares, which represents 7.9% of Supor’s capital, at a unit price of RMB 29. This transaction follows the purchase of 10 million shares during the first half of 2015 and should be finalised by mid-2016, subject to the approval of the Chinese authorities.

Once the transaction has been finalised, Groupe SEB will hold 81.03% of the company and the founding family will hold 1.29%. Free float will account for the remaining 17.68%. This new increase in its ownership of Supor does not change the effective control of Groupe SEB over its subsidiary but confirms the Group’s confidence in Supor’s ability to further expand on the Chinese domestic market and strengthen its strategic role in the Group’s industrial footprint.