Authorization

97% of Gemalto shares have been tendered to the Thales offer

RegulatoryA News:


Reference is made to the joint press release by Thales (Euronext Paris:
HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 29 March 2019
on the results of the recommended all-cash offer by Thales for all the
issued and outstanding shares of Gemalto (the Offer) in which the Offer
was declared unconditional and the Post-Closing Acceptance Period was
announced. Terms not defined in this press release will have the meaning
as set forth in the Offer Document.


Shares tendered


During the Post-Closing Acceptance Period, that expired at 17:40 (CET)
yesterday, 10,742,274 Shares (including Shares represented by American
depositary shares) have been tendered to the Offer, representing
approximately 11.51% of the aggregate issued and outstanding share
capital of Gemalto, and an aggregate value of approximately EUR 548
million (for an Offer Price of EUR 51.00 (cum dividend) in cash
per Share).


Together with the 79,827,790 Shares already held by Thales following
settlement of the Shares tendered during the Acceptance Period, Thales
will, upon settlement of the Post-Closing Acceptance Period, hold
90,570,064 Shares, representing approximately 97.02% of the aggregate
issued and outstanding share capital of Gemalto.


Settlement


Payment of the Offer Price (and the ADS Offer Price) for Shares (and
ADS) tendered during the Post-Closing Acceptance Period will occur on 18
April 2019.
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