PR Newswire/Les Echos/

Press release

27 November 2014

                     Demerger of the two operating divisions

The General Meeting held today adopted all the resolutions submitted for its
approval. Consequently, it has ratified the demerger of the Group's two
operating divisions, Somfy Activities and Somfy Participations, by deciding to
proceed with an exceptional distribution of reserves either in a cash payment or
in shares in the Edify company(1), at the discretion of shareholders.

Somfy's shareholders will therefore be offered the option of receiving one Edify
share valued at EUR50, or a gross cash amount of EUR50, for each Somfy share
held. They must indicate their preference to the paying agent, Société
Générale, between the ex-dividend date of 2 December 2014 and close of
business on 12 December 2014.

At the General Meeting, Somfy's majority shareholder confirmed that it had
decided to opt for payment in Edify shares.

The amount of EUR50 per Somfy share for the cash payment has been determined
based on the valuation of Edify at EUR253 million, split between the 5,060,620
shares comprising the capital of said company.

The firm Valphi, acting as independent expert, found the financial terms of the
transactions to be fair to Somfy shareholders, in a report dated 9 October 2014
and attached to the prospectus for admission of the Edify share to the official
listing and trading on the Euro MTF organised market of the Luxembourg Stock
Exchange, which can be downloaded from Somfy's website (www.somfy.com).

Edify shares will start trading on the Luxembourg Stock Exchange on the day the
distribution is made, scheduled for 19 December.

Contacts
Somfy: Pierre Ribeiro - Tel: +33 4 50 40 48 49 /
Jean-Michel Jaud - Tel: +33 4 50 96 70 65
Shan: François-Xavier Dupont - Tel: +33 1 44 50 58 74

(1) Edify was incorporated on 16 September 2014. All Somfy Participations
assets were transferred to it, with the exception of
securities in CIAT and FAAC.

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