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Safran Enters Into a Definitive Agreement With L-1 Identity Solutions for the Purchase of L-1 Biometrics and ID Management Solutions Businesses
Date:9/20/2010

cted organic growth of these activities should enable the group to reach its 20% revenue target for its security business swiftly. Furthermore, this constitutes a significant step in the implementation of Safran's clearly defined strategy to be a leader in the field of mission critical high tech tier one players in the group's three businesses: Aerospace, Defence and Security."

"I am extremely proud of L-1's accomplishments and the role we have played in the development of multi-modal biometric technologies and in helping establish the identity management market over the last four years," said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity Solutions. "Safran will provide a strong global reach and a more comprehensive portfolio of solutions and services in order to leverage the industry's best set of collective experience and solutions, all to the benefit of our customers and partners worldwide. Safran's commitment to furthering the standards of quality and excellence in engineering innovation will ensure that we can continue to lead the market in developing superior identity management solutions."

The transaction is subject to L-1' shareholder and regulatory approvals, including review by the U.S. Antitrust Authorities, the Committee on Foreign Investment in the United States (CFIUS), as well as the satisfaction of other customary closing conditions.

RBC Capital Markets Corporation and Societe Generale Corporate and Investment Banking are acting as joint financial advisors and Weil, Gotshal, Manges and Kaye Scholer are acting as international legal counsels to Safran. The Chertoff Group is serving as a strategic advisor to Safran. The complete terms and conditions of the agreement will be filed with the U.S. Securities and Exchange Commission.

Safran will host a conference call today open to analysts and journalists at 9:00 am CET which can be accessed at +33-1-72-00-09-82 from France, +44-207-107-1613 from the U.K. an
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