Thales shareholders' meeting postponed

At the request of the French State and Dassault Aviation, Thales’s Board of Directors (Euronext Paris: HO), has decided to postpone the General Meeting of Shareholders that was scheduled to take place on 4 February 2015 at 10.00 a.m.

The French State and Dassault Aviation consider that the functions of Chairman of the Board and Chief Executive Officer, held by Henri Proglio and Patrice Caine respectively, cannot be separated until two additional directors have been appointed. These appointments are considered necessary in order to reflect the predominant position of the French State in the agreement between the State, via the TSA holding company[1], and Dassault Aviation, and to increase the number of outside directors on the Board, in order to be more in line with the recommendations of the AFEP-MEDEF code of corporate governance.

The Board of Directors will meet in the near future in order to convene a new General Meeting of Shareholders.