Wendel North America, Llc

Event Detail: MR. DARMON WAS CHARGED WITH ONE COUNT OF FELONY TAX FRAUD FOR PARTIAL PAYMENT OF INCOME TAX. Status: Pending Disposition: FOR EACH CHARGE, THE CASE IN THE PRETRIAL STAGE AS OF THE DATE OF THIS SUBMISSION. Summary: MR. DARMON PARTICIPATED IN AN INVESTMENT OPPORTUNITY PROPOSED BY HIS EMPLOYER IN 2004. UPON EXITING THE INVESTMENT, THE RETURN ON THAT INVESTMENT WAS DECLARED AS A CAPITAL GAIN, HOWEVER, THE FRENCH TAX ADMINISTRATION VIEWED THAT RETURN AS A SALARY, AND FILED A COMPLAINT FOR TAX FRAUD.

Allegations: IN 2007, WENDEL INVESTED IN THE FRENCH LISTED COMPANY, SAINT-GOBAIN, THROUGH EQUITY SHARES AND DERIVATIVE INSTRUMENTS. WENDEL WAS FOUND BY THE AMF TO HAVE BEEN LATE IN DISCLOSING THIS INVESTMENT TO THE MARKET. Status: Final Sanction Detail: THE FINE OF 1.588 MILLION EUROS WAS PAID IN FULL ON JUNE 25, 2011. Summary: IN 2007, WENDEL TOOK AN INTEREST IN THE FRENCH LISTED COMPANY SAINT GOBAIN, VIA SHARES AND DERIVATIVES INSTRUMENTS. WENDEL WAS SENTENCED FOR LATE DISCLOSURE TO THE MARKET. THE AMF CONSIDERED THAT (I) WENDEL, PREPARING FINANCIAL OPERATION THAT WOULD BE LIKELY TO HAVE A SIGNIFICANT EFFECT ON THE PRICE OF ITS SECURITIES, WAS TO BE DISCLOSED AS SOON AS POSSIBLE (PURSUANT TO ARTICLE 223-6 OF REGLEMENT GENERAL DE L'AMF), AND (II) ANY INSIDE INFORMATION MUST BE MADE PUBLIC AS SOON AS POSSIBLE (PURSUANT TO ARTICLE 223-2 OF THE REGLEMENT GENERAL DE L'AMF).