Regulatory News:

In 2007, Séché Environnement (Paris:SCHP) acquired 33% of the equity of Hime, the principal holding company of the Saur Group, with the intention of creating a third French operator in the environmental services sector.

Since that date, Séché Environnement has constantly directed its endeavors toward bringing this industrial project to fruition, viewing it as a project which corresponded both to Saur's long-term interests, and to those of its customers, users and employees.

Therefore, as part of the ongoing restructuring of the Hime/Saur Group's debt, Séché Environnement made an offer based on a strategy of industrial development.

This offer was not supported by the other stakeholders.

Séché Environnement then tried, unsuccessfully, to join as a minority partner in the banks' offer to assure the future industrial development of Saur.

Taking note of this situation, and conscious of what is at stake in the ongoing negotiations, Séché Environnement remains in favour of an amicable outcome to the present situation.

Therefore, continuing to pursue its constructive approach in the interests of Saur and its employees, Séché Environnement has decided to sell, at a symbolic price, all the stock and convertible bonds it holds in Hime, to the consortium of banks, within an overall amicable solution which remains to be approved by all the parties.

It is emphasized that, since all of Séché Environnement's commitments concerning the Hime/Saur Group had already been provisioned in 2012, this sale will have no impact on Séché Environnement's financial statements.

About Séché Environnement

Séché Environnement is one of the leading players in the treatment and storage of all types of non-radioactive industrial and household waste in France, whether from industry or from local communities. Its facilities enable it to offer high-quality comprehensive solutions that incorporate all environmental requirements.

Séché Environnement is the leading independent operator in the country with a unique positioning at the hub of the high value-added waste recovery, treatment and storage markets.

The Group offers integrated specialized services:

  • recovery or energy recovery of hazardous and non-hazardous waste;
  • treatment (incineration, physical-chemical, etc.);
  • storage of ultimate hazardous and non-hazardous waste,

It is actively developing its business on waste management outsourcing markets for its clientele of large communities and major industrial companies.

Séché Environnement has been listed on Eurolist by Euronext since November 27, 1997
Compartment B - ISIN: FR 0000039139 - Bloomberg: SCHP.FP - Reuters: CCHE.PA)

Important notice

This press release may contain information of a provisional nature. This information represents either trends or targets at the date of the press release's publication and may not be considered as results forecasts or as any other type of performance indicators. This information is by nature subject to risks and uncertainties which are difficult to foresee and are usually beyond the Company's control, which may imply that expected results and developments differ significantly from announced trends and targets. These risks notably include those described in the Company's Registration Document, which is available on its website at (www.groupe-seche.com). This information therefore does not reflect the Company's future performances, which may differ considerably, and no guarantee can be given as to the achievement of these forward-looking figures. The Company makes no commitment on the updating of this information. More comprehensive information on the Company may be obtained in the Documentation section of its website at www.groupe-seche.com under Regulated Information. This press release does not constitute an offer of shares or a solicitation in view of an offer of shares in any country whatsoever, including the United States. Distribution of this press release may be subject to the laws and regulations in force in France or abroad. Persons in possession of this press release must be aware of these restrictions and observe them.

Registered Office : Les Hêtres - BP 20 - 53811 Changé Cedex

Séché Environnement
Manuel Andersen, +33 (0)1 53 21 53 60
Director of Investor Relations
m.andersen@groupe-seche.com
or
Henri Petitgand, +33(0)1 53 21 53 56
Directeur of Communications
h.petitgand@groupe-seche.com