Compagnie Générale des Établissements Michelin SCA (“Michelin”) and Fenner plc (“Fenner”) announce that they have reached agreement on the terms of a recommended cash acquisition by which the entire issued and to be issued ordinary share capital of Fenner will be acquired by Michelin. EGC Critical Components is part of the global group Fenner, PLC. For more information, visit www.Fenner.com.