TE Connectivity receives all regulatory clearances and publishes provisional interim result of the public tender offer for all shares of Schaffner Holding – TE Connectivity holds 89.1 percent

Schaffner Holding AG / Key word(s): Mergers & Acquisitions TE Connectivity receives all regulatory clearances and publishes provisional interim result of the public tender offer for all shares of Schaffner Holding – TE Connectivity holds 89.1 percent 13-Nov-2023 / 07:02 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

Schaffhausen/Luterbach, Switzerland – November 13, 2023 – TE Connectivity Ltd. (NYSE: TEL) today published the provisional interim result of the public tender offer for all publicly held shares of Schaffner Holding (SIX: SAHN) after the end of the offer period. All regulatory clearances for the settlement of the public tender offer have been obtained.

Based on the preliminary figures, 561’187 Schaffner shares were tendered into the offer by the end of the offer period, which represents 89.0% of the Schaffner shares subject to the offer. Taking into account the tendered Schaffner Shares and Schaffner Shares held by persons acting in concert with the offeror, TE Connectivity's participation amounts to a total of 566’314 Schaffner Shares. This corresponds to a participation of 89.1% percent of the issued share capital and voting rights of Schaffner Holding. TE Connectivity welcomes this strong approval of the Schaffner shareholder base for the tender offer.

Subject to confirmation in the definitive notice of the interim result scheduled for November 16, 2023, TE Connectivity holds Schaffner Shares representing more than 67% of the fully diluted share capital of Schaffner Holding (not taking into account the Schaffner Shares held by Schaffner Holding or its subsidiaries) which means that the minimum acceptance level has been reached. Subject to the fulfillment of certain ongoing offer conditions, TE Connectivity declares the offer to be successful.