Naval Group (the “company”) is a société anonyme (public limited company) under French law. As at December 31, 2017, 62.25% of its capital was held by the French State, 35% by Thales, and 1.80% by current and former members of staff of the company and its subsidiaries through the Actions DCNS employee mutual fund (2008 and 2014 Compartments of FCPE Actions DCNS), the remaining 0.95% being made up of treasury shares held by Naval Group Actionnariat. Under the Second Reserved Share Offer, on December.
