Voluntary public takeover offer of Opal BidCo GmbH to shareholders of OSRAM Licht AG - update

Note: This announcement originally published on 5 September 2019 was updated as shareholders have the right to withdraw due to a change in the offer. Changes have been highlighted.

Details on the procedure for exchange of the OSRAM Licht AG (ISIN DE000LED4000) are published in Wertpapier-Mitteilungen (a gazette with securities announcements).

Exchange into "OSRAM Licht AG shares submitted for exchange"

The transfer must be carried out via securities transfer (CASCADE transaction: KVEE WE) with an entry in the “TR” field with the attribute “6- Originalaktien in Anrechte”. This transfer is only possible from the unregistered positions. The shares must therefore be transferred in advance via share holdings transfer (CASCADE transaction: KVEE BV) into unregistered positions.

Re-transfers are available via securities transfer (CASCADE transaction: KVEE WE) with an entry in the “TR” field with the attribute “5 - Anrechte in Originalaktien”. Also this transfer is only possible from the unregistered positions. Interim securities must therefore be transferred in advance via share holdings transfer (CASCADE transaction: KVEE BV) into unregistered positions.

The exchange will be possible from

3 September 2019 to 1 October 2019 inclusive

The "OSRAM Licht AG shares submitted for exchange" (ISIN DE000LED01V2) will be issued as registered securities. The shares resulting from the exchange described above will be allocated to the unregistered positions.

There is a follow-up entry period until 4 October 2019.

Registration of the shareholders by re-registration

The shareholders of the "OSRAM Licht AG shares submitted for exchange" (ISIN DE000LED01V2) must be registered on the company’s share register. Corresponding re-registrations (KVCU) can be adjusted by the depository in CASCADE-RS since 3 September 2019.

Note about submission planning

Due to the processing capacities in CASCADE-RS, submissions amounting to 10,000 re-registrations or more per transfer must be agreed in advance with Client Services. Clearstream Banking¹ reserves the right to reject file transfers that have not been agreed upon within the scope of overall coordination.

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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthaleralle 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.