Legrand Announced Today a €700 Million Sustainability-linked Bond Issue Indexed on the Group’s Diversity Goals and GHG Reduction Targets

Regulatory News:

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Legrand (Paris:LR) today issued a second¹ series of sustainability-linked bonds indexed on the Group’s CSR. This fixed-rate issue totaled €700 million with a 6-year maturity and an annual coupon of 3.5%.

Following the Group’s first Sustainability-Linked Financing Framework established in September 2021, which addressed Legrand’s carbon trajectory for 2030 as validated by the Science Based Targets initiative (SBTi), LEGRAND is expanding its framework to include:

• its ambitions in terms of gender diversity, specifically the proportion of management positions filled by women;
• the carbon trajectory engagement of its suppliers, which account for most of the Group’s indirect greenhouse gas emissions (Scope 3).

More details can be found in the enhanced Sustainability-Linked Financing Framework available on the Group’s website².

Today’s bond issue testifies to Legrand’s consistently bold, exemplary and engagement-driven approach to ESG.

The success of this transaction, which was significantly over-subscribed, demonstrates once again investors’ confidence in the soundness of Legrand’s profitable and responsible development model.

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Key financial dates:

• General Meeting of Shareholders: May 31, 2023
• Ex-dividend date: June 2, 2023
• Dividend payment: June 6, 2023
• 2023 first-half results: July 31, 2023
  "Quiet period³” starts July 1, 2023

• 2023 nine-month results: November 8, 2023
  "Quiet period¹” starts October 9, 2023

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. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing its strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings—including products with enhanced value in use (faster expanding segments: datacenters, connected offerings and energy efficiency programs). Legrand reported sales of €8.3 billion in 2022. The company is listed on Euronext Paris and is notably a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819).
https://www.legrandgroup.com

Disclaimer
The information contained herein is not for release, publication or distribution, directly or indirectly, in or into the United States, Japan, Canada or Australia or any other jurisdiction in which the distribution or release would be unlawful. This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities in or from any country or jurisdiction.
The securities mentioned in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act”), or the securities laws of any other jurisdiction. They may not be offered or sold in the United States of America or to, or for the account of or for the benefit of, U.S. persons (as defined in Regulation S of the Securities Act), without registration except pursuant to an exemption from, or a transaction not subject to, the Securities Act.
Legrand does not intend to register the offering, in whole or in part, in the United States or to conduct a public offering in the United States. The securities mentioned in this press release have not been and will not be offered through a public offering and will only be offered outside the United States pursuant to "Regulation S” under the Securities Act, subject to prevailing market and other conditions. No related documents will be distributed to the public in any jurisdiction.

This press release is not a prospectus for the purposes of the Regulation (EU) 2017/1129.

The reader is invited to verify authenticity of press releases by Legrand with the CertiDox app. More information on www.certidox.com

¹ For more information, readers are referred to the press release dated September 29, 2021.
² For more information, readers are referred to the legrandgroup.com website:
https://www.legrandgroup.com/en/endettement-investisseurs-obligataires.

³ Period of time when all communication is suspended in the run-up to publication of results.

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