ASSA ABLOY intends to, through its subsidiary HID Global SAS (“HID”), and subject to certain customary and regulatory conditions, purchase approximately 98.5 percent of the shares of EVOLIS S.A. (“Evolis” or the “Company”), a Euronext Growth company listed in Paris and a leading French manufacturer of ID card printers and consumables. HID has entered into (i) a put option agreement with the shareholders of Cedys & Co S.A.S. (“Cedys”) for all of the Cedys’ shares, noting that Cedys owns approximately 84.4 percent of the Evolis shares and voting rights (i.e. 4,407,707 shares) and (ii) a
