SAFRAN (EPA:SAF) - Safran's 2018 Annual General Meeting of Shareholders approves dividend payment of € 1.60 per share and all proposed resolutions

Transparency directive : regulatory news

25/05/2018 17:45

PRESS RELEASE

Safran's 2018 Annual General Meeting of Shareholders approves dividend payment
of EUR1.60 per share and all proposed resolutions

Paris, May 25, 2018

The combined Annual General Meeting of Shareholders of Safran (Euronext Paris:
SAF) met today at the Grande Arche, Paris - La Défense, under the chairmanship
of Ross McInnes, Chairman of the Board of Safran.

The meeting provided a unique opportunity for the Group for information,
exchange and discussion in the company of shareholders. Philippe Petitcolin,
Chief Executive Officer, and Bernard Delpit, Chief Financial Officer, reviewed
Safran's activity in 2017, the Group's annual results, the outlook for 2018 and
the acquisition of Zodiac Aerospace. The Chairman of the Board also presented
the main highlights of the year in terms of governance, notably the Board's
decision to renew the term of office of the Chief Executive Officer until the
close of the Annual General Meeting to be held in 2020. Monique Cohen, Chair of
the Appointments and compensation committee and appointed by the Board as Lead
Independent Director, then presented the various components of the compensation
of corporate officers.

Ross McInnes declared: "I am delighted that all resolutions submitted and
recommended by the Board of Directors were massively approved by our
shareholders. This is a renewed mark of confidence in the choices and decisions
made by Safran's management and Board."

Voting results

All resolutions submitted for a vote by the Annual General Meeting were
approved.

Shareholders approved notably:
* the financial statements for the fiscal year 2017 and voted for the payment
  of a dividend of 1.60 euro per share, to be paid as of May 31, 2018;
* the consolidated and updated agreement between the French State and Safran
  related to the defense of national interests;
* named as directors Monique Cohen (re-appointment), Didier Domange and F&P
  represented by Robert Peugeot;
* components of the 2017 compensation to the executive corporate officers as
  well as compensation policies applicable to them;
* the authorization required to keep carrying out the announced share buyback
  program.

Upon the expiry of their terms as directors, the Board and Committee duties of
Christian Streiff and Jean-Marc Forneri ceased. The Board expressed its thanks
for their input and contributions during their terms. Following new
appointments by the Annual General Meeting, Didier Domange will join the
Appointments and Compensation Committee. Robert Peugeot, permanent
representative of F&P, will join the Audit and Risk Committee.

Lastly, Patrick Pélata replaces Christian Streiff as Chairman of the
Innovation and Technology Committee. Vincent Imbert and Brigitte Lesschaeve
will also join this Committee.

The independence rate of the Board of directors, still composed of 17
directors, is 53.8%, unchanged from last year.

The results of the vote will be published in the Finance section of the Group's
website, www.safran-group.com.

Financial calendar
Ex-dividend date              May 29, 2018
Dividend payment              as from May 31, 2018

H1 2018 results               September 6, 2018

Safran is an international high-technology group, operating in the aircraft
propulsion and equipment, space and defense markets. Safran has a global
presence, with more than 58,000 employees and sales of 16.5 billion euros in
2017. Working alone or in partnership, Safran holds world or European
leadership positions in its core markets. Safran undertakes Research &
Development programs to meet fast-changing market requirements, with total R&D
expenditures of around 1.4 billion euros in 2017. Safran is listed on the
Euronext Paris stock exchange, and is part of the CAC 40 and Euro Stoxx 50
indices.

In February 2018, Safran took control of Zodiac Aerospace, significantly
expanding its aircraft equipment activities. Zodiac Aerospace has 32,500
employees and generated sales of 5.1 billion euros for its fiscal year ended
August 31, 2017

For more information : www.safran-group.com / Follow @Safran on Twitter

Press
Catherine MALEK : catherine.malek@safrangroup.com / T +33 (0)1 40 60 80 28

Investors Relations
Cécilia MATISSART : cecilia.matissart@safrangroup.com / T +33 (0) 1 40 60 82 46
Frédéric LUCAND : frederic.lucand@safrangroup.com / T +33 (0)1 40 60 82 19

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SAFRAN (EPA:SAF) - Safran's 2018 Annual General Meeting of Shareholders approves dividend payment of € 1.60 per share and all proposed resolutions

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