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AIRBAKE ALL-CLAD ARNO ASIAVINA CALOR CLOCK IMUSA KRUPS LAGOSTINA MAHARAJA WHITELINE MIRRO<br />

MOULINEX PANEX PENEDO REGAL ROCHEDO ROWENTA SAMURAI SEB SUPOR TEFAL T-FAL UMCO WEAREVER<br />

Communiqué de presse<br />

11 September 2012<br />

Capital increase reserved for employees of <strong>Groupe</strong> SEB<br />

On July 25 , 2012, <strong>Groupe</strong> SEB announced <strong>the</strong> principle to carry out an employee share offering. This press<br />

release aims at specifying certain characteristics of <strong>the</strong> capital increase reserved for employees of <strong>the</strong> Group.<br />

ISSUER<br />

SEB S.A. (hereafter, <strong>the</strong> “Company”)<br />

Headquarters: Les 4M, Chemin du Petit-Bois, 69130 Écully, France<br />

Share capital: 49 951 826 Euros held in 49 951 826 shares as of December 31, 2011<br />

Registration number: RCS Lyon 300 349 636<br />

Compartiment A – NYSE Euronext Paris (France)<br />

Common share ISIN code: FR 0000121709<br />

PURPOSE OF THE OFFERING<br />

This employee share offering will cover approximately 30 countries in which <strong>the</strong> Group is present.<br />

Through this offering, <strong>Groupe</strong> SEB wishes to more closely associate its employees, in France and abroad, to <strong>the</strong><br />

development and performance of <strong>the</strong> Group.<br />

The offering, entitled “Horizons 2012”, will consist of a unique subscription formula, called “classic”, of<br />

Company’s shares, via <strong>the</strong> intermediary of an FCPE, or via <strong>the</strong> direct holding of SEB S.A shares, as a result of<br />

<strong>the</strong> regulatory and fiscal limitations in <strong>the</strong> countries where <strong>the</strong> offering will be carried out.<br />

TYPE OF PLAN - OFFERED SECURITIES<br />

Shareholders of <strong>the</strong> Company, having met on May 10, 2012 at <strong>the</strong> Mixed General Assembly,<br />

delegated to <strong>the</strong> Board of Directors <strong>the</strong> ability to decide to increase <strong>the</strong> share capital of <strong>the</strong><br />

Company, one or more times, up to a maximum nominal limit of 499,518 new shares with a nominal<br />

value of one euro, or o<strong>the</strong>r securities giving access to capital of <strong>the</strong> Company, reserved for<br />

employees of <strong>the</strong> Company and French and foreign subsidiaries of <strong>the</strong> Company who are linked<br />

<strong>the</strong>reto within <strong>the</strong> meaning of Articles L.225-180 of <strong>the</strong> French Commercial Code and L.3344-1 of <strong>the</strong><br />

French Labour Code, and who are member to a company group savings plan.<br />

In accordance with this delegation, <strong>the</strong> Board of Directors met on June 15, 2012 and decided on <strong>the</strong> principle<br />

of issuing ordinary shares to <strong>the</strong> benefit of employees who are member to a Group savings plan at a<br />

subscription price to be determined pursuant to <strong>the</strong> provisions of Articles L. 3332-18 e seq. of <strong>the</strong> French<br />

Labour Code, which could also include a discount. In this meeting <strong>the</strong> Board set <strong>the</strong> main characteristics of <strong>the</strong><br />

offering and delegated to <strong>the</strong> Company’s Chief Executive Officer <strong>the</strong> powers necessary for <strong>the</strong> implementation<br />

of <strong>the</strong> offering.<br />

GROUPE SEB <br />

DIRECTION DE LA COMMUNICATION FINANCIERE<br />

Chemin du Petit Bois I BP 172 - 69134 ECULLY Cedex France I T.+33 (0)4 72 18 16 40 • Fax +33 (0)4 72 18 15 99<br />

Société par Actions Simplifiée au capital de 806 400 € I 016 950 842 R.C.S Lyon I T.V.A FR 94016950842


According to <strong>the</strong> projected time line, <strong>the</strong> Board of Directors, or <strong>the</strong> Chief Executive Officer upon delegation by<br />

<strong>the</strong> Board, will decide on <strong>the</strong> final terms of <strong>the</strong> offering on September 17, 2012; notably, at this date, <strong>the</strong>y will<br />

establish <strong>the</strong> subscription price for <strong>the</strong> new shares to be issued, which will be equal to <strong>the</strong> Reference Price<br />

minus a 20% discount.<br />

In accordance with <strong>the</strong> provisions of Article L. 3332-19 of <strong>the</strong> French Labor Code, <strong>the</strong> Reference Price is equal<br />

to an average of <strong>the</strong> share prices of <strong>the</strong> SEB share on <strong>the</strong> compartment A of NYSE Euronext Paris during <strong>the</strong><br />

twenty (20) trading days preceding <strong>the</strong> decision date setting <strong>the</strong> subscription price.<br />

The maximum number of SEB S.A. shares that may be issued within <strong>the</strong> framework of this offering may not<br />

exceed 499,518 shares (corresponding to a maximum capital increase of 499,518 Euros of nominal value).<br />

CONDITIONS OF THE SUBSCRIPTION<br />

• Beneficiaries of <strong>the</strong> share offering reserved for employees: <strong>the</strong> beneficiaries of <strong>the</strong> offering are (i) <strong>the</strong><br />

employees and corporate officers, within <strong>the</strong> meaning of Article L.3332-2 of <strong>the</strong> French Labour Code,<br />

of companies of <strong>Groupe</strong> SEB who are members of <strong>the</strong> Group Savings Plans, French or International as<br />

<strong>the</strong> case may be regardless of <strong>the</strong> nature of <strong>the</strong>ir employment contract (fixed or indefinite term<br />

length, full or part time employment) and that are able to justify a three-month seniority by <strong>the</strong> end of<br />

<strong>the</strong> subscription period, and (ii) those who are retired or have taken early retirement from French<br />

companies of <strong>the</strong> Group and who have kept assets within <strong>the</strong> France Group Savings Plan since <strong>the</strong>ir<br />

departure from <strong>the</strong> Group.<br />

• Companies within <strong>the</strong> scope of <strong>the</strong> offering:<br />

• The SEB S.A. company, and<br />

• Companies of <strong>Groupe</strong> SEB, whose headquarters are located in France or abroad, that will have<br />

become member to <strong>the</strong> Group Savings Plan (France or International) of <strong>Groupe</strong> SEB.<br />

• Terms and conditions of <strong>the</strong> subscription: <strong>the</strong> shares will ei<strong>the</strong>r be subscribed to directly or through<br />

an FCPE (Fonds Commun de Placement d’Entreprise), in accordance with applicable regulatory and/or<br />

tax legislation in <strong>the</strong> various countries of residence of <strong>the</strong> capital increase beneficiaries.<br />

• Subscription formula: employees will be able to subscribe to SEB shares within <strong>the</strong> framework of a<br />

unique formula called “classic”; <strong>the</strong> employee will benefit from a matching contribution from <strong>the</strong>ir<br />

employer under <strong>the</strong> terms and conditions set forth in <strong>the</strong> documentation relative to <strong>the</strong> offering that<br />

will be provided to <strong>the</strong>m. The matching contribution will comprise of additional SEB shares granted to<br />

employees that will be taken from treasury shares held by <strong>the</strong> Company.<br />

• Subscription Limit: annual payments by beneficiaries of <strong>the</strong> offering into <strong>the</strong> Group Savings Plan<br />

(France or International) may not exceed a quarter of <strong>the</strong>ir annual gross remuneration for 2012<br />

pursuant to Article L.3332-10 of <strong>the</strong> French Labour Code, and subject to any constraints resulting from<br />

local regulation.<br />

• Lock up period applicable to <strong>the</strong> SEB shares or to <strong>the</strong> corresponding FCPE units: <strong>the</strong> subscribers to<br />

<strong>the</strong> offer shall hold ei<strong>the</strong>r <strong>the</strong> shares subscribed to directly, or <strong>the</strong> corresponding units of <strong>the</strong> FCPEs,<br />

during a five-year period beginning from <strong>the</strong> date of <strong>the</strong> capital increase, except in <strong>the</strong> event of an<br />

authorized early exit.<br />

• Exercising voting rights attached to <strong>the</strong> shares: when shares are subscribed to, <strong>the</strong>n held, via <strong>the</strong><br />

intermediary of an FCPE, voting rights attached to <strong>the</strong>se shares will be exercised by <strong>the</strong> relevant FCPE<br />

Supervisory Board; when shares are subscribed to directly by employees, voting rights will be<br />

exercised individually by <strong>the</strong> relevant employees.<br />

EXPECTED TIMELINE OF THE OFFERING<br />

• Subscription period: from September 19 (inclusive) to October 5, 2012 (inclusive)<br />

• Determination of <strong>the</strong> subscription price: September 17, 2012<br />

• Settlement-delivery of <strong>the</strong> offering: expected for November 15, 2012<br />

GROUPE SEB <br />

DIRECTION DE LA COMMUNICATION FINANCIERE<br />

Chemin du Petit Bois I BP 172 - 69134 ECULLY Cedex France I T.+33 (0)4 72 18 16 40 • Fax +33 (0)4 72 18 15 99<br />

Société par Actions Simplifiée au capital de 806 400 € I 016 950 842 R.C.S Lyon I T.V.A FR 94016950842


LISTING<br />

The request to list <strong>the</strong> newly-issued SEB shares to trading on <strong>the</strong> same line of NYSE Euronext Paris (ISIN code:<br />

FR 0000121709) as <strong>the</strong> existing shares will be made as soon as possible following <strong>the</strong> completion of <strong>the</strong> capital<br />

increase scheduled to take place on November 15, 2012.<br />

SPECIAL NOTE REGARDING THE INTERNATIONAL OFFERING<br />

This press release does not constitute an offer to sell or a solicitation of offers to subscribe to SEB shares. The<br />

offering of SEB shares reserved for employees will be conducted only in countries where such an offering has<br />

been registered with or notified to <strong>the</strong> competent local authorities and/or following <strong>the</strong> approval of a<br />

prospectus by <strong>the</strong> competent local authorities or in consideration of an exemption of <strong>the</strong> requirement to<br />

prepare a prospectus or to proceed to a registration or notification of <strong>the</strong> offering.<br />

More generally, <strong>the</strong> offering will only be conducted in countries where all required filing procedures and/or<br />

notifications have been completed and <strong>the</strong> required authorizations have been obtained.<br />

EMPLOYEE CONTACT<br />

For all questions regarding this offering, <strong>the</strong> beneficiaries may address <strong>the</strong>ir Human Resources contact person<br />

and/or any o<strong>the</strong>r person specified in <strong>the</strong> documentation submitted to employees.<br />

This press release constitutes <strong>the</strong> information document required pursuant to Article 212-4 5° of <strong>the</strong> general regulations of<br />

<strong>the</strong> AMF and Article 14 of AMF 'instruction n° 2005-11 dated December 13, 2005.<br />

Investisseurs / Analystes<br />

<strong>Groupe</strong> SEB<br />

Direction de la Communication Financière<br />

Isabelle Posth<br />

BP 172<br />

69134 Ecully cedex<br />

Tél : 33 (0) 4 72 18 16 40<br />

comfin@groupeseb.com<br />

Presse<br />

Image Sept<br />

Estelle Guillot-Tantay<br />

Caroline Simon<br />

7, rue Copernic<br />

75116 PARIS<br />

Tél : 33 (0) 1 53 70 74 93<br />

Fax : 33 (0) 1 53 70 74 80<br />

Leader mondial du petit équipement domestique, le <strong>Groupe</strong> SEB déploie son activité dans près de 150 pays en s’appuyant sur<br />

un ensemble unique de marques de premier rang commercialisées à travers une distribution multi format. Vendant quelque<br />

200 millions de produits par an, il met en œuvre une stratégie de long terme fondée sur l’innovation, le développement<br />

international, la compétitivité et le service au client. Le <strong>Groupe</strong> SEB emploie plus de 25000 collaborateurs dans le monde.<br />

GROUPE SEB <br />

DIRECTION DE LA COMMUNICATION FINANCIERE<br />

Chemin du Petit Bois I BP 172 - 69134 ECULLY Cedex France I T.+33 (0)4 72 18 16 40 • Fax +33 (0)4 72 18 15 99<br />

Société par Actions Simplifiée au capital de 806 400 € I 016 950 842 R.C.S Lyon I T.V.A FR 94016950842

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