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 - Seite 2

The announcement of the provisional interim result is available under this link.

The additional acceptance period for the offer begins on November 17, 2023, and is expected to last until November 30, 2023, 4:00 p.m. Swiss time. Schaffner Shares can still be tendered during the additional acceptance period. The tender offer remains subject to customary terms and conditions. Settlement is expected to occur on December 14, 2023.

Following the settlement of the offer and in accordance with the terms and conditions set out in the offer prospectus, dated September 28, 2023, TE Connectivity intends to initiate a squeeze-out procedure and delist the Schaffner Shares from SIX Swiss Exchange.

The preliminary timetable for the settlement of the offer is as follows:

November 16, 2023           Definitive notice of the interim result of the offer

November 17, 2023           Start of the additional acceptance period

November 30, 2023           End of the additional acceptance period, 4:00 p.m. Swiss time

December 1, 2023             Provisional notice of the end result of the offer

December 6, 2023             Definitive notice of the end result of the offer

December 7, 2023             Extraordinary shareholders' meeting of Schaffner Holding

December 14, 2023           Settlement of the offer (subject to the fulfillment of further offer conditions)

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This press release is for informational purposes only and does not constitute an offer to buy or a solicitation of an offer to sell any securities of Schaffner and it does not constitute a prospectus or a similar notice within the meaning of articles 35 et seqq. or 69 of the Swiss Financial Services Act. Complete terms and conditions of the offer are set forth in the offer prospectus which was published on September 28, 2023 (the "Offer Prospectus"). Holders of shares in Schaffner are urged to carefully read the Offer Prospectus because it contains important information about the offer. This announcement is not for publication, release or distribution in or into or from any jurisdiction where it would otherwise be prohibited and does not constitute an offer of securities for sale in such countries. Please also refer to "Legal Disclaimers" below.