PRESS RELEASE

EURO GROUP LAMINATIONS REINFORCES ITS CAPITAL WITH THE ENTRY OF TIKEHAU CAPITAL TO ACCELERATE INTERNATIONAL GROWTH AND CONSOLIDATE ITS LEADERSHIP IN THE ELECTRIC VEHICLES (EV) SECTOR

Focus on technological innovation, energy transition, and environmental protection: the first Italian investment of the Energy Transition fund managed by Tikehau Capital

Milan, July 7, 2020 - Euro Group Laminations, a leading manufacturer of stators and rotors for electric motors and generators, has signed a binding agreement with Tikehau Capital regarding the entry of the alternative asset manager and pan- European investor into its capital with a 30% minority stake. The transaction, after a long selection process, provides for a reserved capital increase to support both growth and further expansion of the company in the electric vehicle segment in Italy and abroad. The deal will be concluded by September 2020.

“I am pleased and proud to announce this transaction, which became true after two years of work under the leadership of Marco Arduini, CEO of Euro Group Laminations and Isidoro Guardalà, CFO of Euro Group Laminations. The choice of allowing another party to enter into the company’s capital will enable Euro Group, established 53 years ago, to reach new and important goals,” said Sergio Iori, Chairman of EuroGroup Laminations.

“We have signed a key partnership with Tikehau Capital, which enables us to further strengthen the company and to benefit from the opportunities offered by the major automotive brands in the electric mobility field. The Covid19 pandemic has further accelerated the transition towards “green” mobility. Moreover, we should not forget the important stimulus coming from the other sectors where we operate” said Marco Arduini, CEO of Euro Group Laminations.

“The choice of allowing another party to enter into the company’s capital is the beginning of a new phase, opening new routes for our financial strategies and investment support. The decision to open the capital to Tikehau Capital was also made thanks to the entrepreneurial spirit, the international network and the strong motivation that drives the members of Tikehau Capital’s team”added Isidoro Guardalà, CFO of Euro Group Laminations.

“We are thrilled to have the opportunity to invest in Euro Group and thus partner with the shareholder family members and management in the deployment of an important company development plan that we share. Thanks to its know-how, global presence and strong relationships with major car manufacturers, Euro Group is in a unique position to benefit from the growth trend expected in new-generation electric vehicles," said Roberto Quagliuolo, Head of Tikehau Capital's Private Equity activities in Italy.

Euro Group Laminations is headquartered in Baranzate (Milan), with seven plants in Italy and five outside Europe (Mexico, Tunisia, USA, China, Russia). Employing 2000 people, its revenues reached €404 million in 2019. Euro Group Laminations represents today one of the most dynamic and smart companies worldwide in the sector of high-tech components for electric motors and generators. The company is experiencing strong growth: over the last ten years its revenues have grown from €181 to €404 million (+123%) with an acceleration in the last three years (CAGR +13%). The Group opened five new plants in different continents over the last six years, investing a total of €150 million, and has won contracts, to be fulfilled by 2025, for a total value of €1.6 billion.

Thanks to this deal, Euro Group Laminations will further strengthen its leadership in the specific sub-sector of stators and rotors for traction motors for electric vehicles. With the significant presence of the major manufacturers in North America and in Europe, the Group aims to continue its ambitious development plan, thus confirming its strong focus on innovation technologies, the energy transition process and its environmental sustainability policies.

Tikehau Capital is an independent alternative asset management and investment group with over €25 billion of assets under management and this deal is the third private equity investment in Italy, following DoveVivo and Assiteca. It is also the first Italian transaction carried out through the Energy Transition Fund, the fund dedicated to investments in companies that are heavily involved in the energy transition process. As of December 2019, the Fund has raised €500 million from institutional investors such as Bpifrance and Groupama. The Energy Transition fund has invested in four European companies: GreenYellow and Groupe Rougnon, in France, Crowley Carbon in Ireland and Enso in Spain.

As a result of the transaction, Jean-Marc Gales, Tikehau Capital’s Operating Partner will enter the board of directors of Euro Group Laminations along with Roberto Quagliuolo. Jean-Marc Gales is a senior top manager with strong expertise in the automotive sector, having covered leading roles such

as CEO of Lotus, Chairman of Peugeot and Citroën, and senior director at Daimler, GM, Volkswagen and FCA.

Latham & Watkins provided legal advisory to Euro Group which was assisted in the transaction by Giancarlo D’Ambrosio and Federico Borgogno and by Giuseppe Strano and Rita Crobe, lawyers of the legal firm A.L.I. & Partners. Banca IMI (Intesa Sanpaolo Group) with the Industrial M&A team and Unicredit with the team lead by Giorgio Olivanti supported Euro Group as financial advisor. Tikehau Capital was assisted by Legance law firm team lead by Senior Partner Alberto Giampieri and Filippo Benintendi, and received financial advisory from Banca Akros via the team lead by Filippo Salvetti and Antoine Collin.

About Euro Group Laminations: Euro Group Laminations, headquartered in Baranzate (MI) is a world leading manufacturer of the two components - stators and rotors - at the heart of any electric motor or generator. Eurogroup Laminations staff 2000, owns seven plants in Italy and 5 outside (Mexico, USA, China, Russia, Tunisia) and recorded in 2019 € 404 million revenues. The Group represents today one of the most dynamic and smart Italian companies operating in the high tech components market segment for the rotating electric machinery.

About Tikehau Capital: Tikehau Capital is an asset management and investment group with €25.4bn of assets under management and shareholders’ equity of €3.1bn (as at 31 March 2020). The Group invests in various asset classes (private debt, real estate, private equity and capital markets strategies), including through its asset management subsidiaries, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs more than 530 staff (as at 31 December 2019) in its Paris, London, Brussels, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices. Tikehau Capital is listed on the regulated market of Euronext Paris, Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP) www.tikehaucapital.com

Press Contacts: Euro Group Tikehau Capital Close to media – Communication Advisors Community Group Via Caradosso 8, Milano - Tel 02 70006237 [email protected] Nicola Gugliemi, 366 6190711 3357357146 [email protected] Alessandro Pavanati, 347 1265589 [email protected]

Disclaimer

This transaction was carried out by TIKEHAU INVESTMENT MANAGEMENT SAS (on behalf of the funds that it manages), a portfolio management company approved by the AMF since 19/01/2007 under number GP-0700000006.

This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.

Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America.