LaCie

In the summer of 2012 of Seagate Technology plc and LaCie S.A. company announced completion of the transaction on acquisition by Seagate company at Mr. Philippe Spruch and his partner all of them actions that makes in total 64.5% of the stocks of LaCie which are in circulation at the preliminary price to 4.05 euros for an action. The price for the actions belonging to Mr. Philippe Spruch and his partner can be increased by 3% up to 4.17 euros for an action if within six months from now on Seagate will own not less than 95% of stocks of LaCie and the voting right corresponding to them.

Completion of the transaction became possible after receiving necessary approvals from the Ministry of Finance of France and also antimonopoly authorities of the USA and Germany.

As a result of completion of the transaction the Seagate company is going to submit the application for the simplified redemption of the stocks of LaCie which remained in circulation for cash of means to official bodies of France (Autorité des marches financiers).

The Board of Directors of LaCie selected on May 23, 2012 Ricol Lasteyrie & Associés company as the independent expert on carrying out the transaction.

After negotiation with Board of Directors of LaCie company and, in particular, with her independent members, the Seagate company made the decision to raise the bid price about the tender redemption to 4.50 euros for an action (without additional allowance in the amount of 3% in case of the procedure of forced redemption of stocks).

Seagate has the right to start a procedure of forced redemption of stocks for the fixed price of 4.50 euros for an action if the company will possess not less than 95% of stocks of LaCie.

The Board of Directors of the company supported the reviewed price of the offer and is going to approve the new offer right after receiving assessment of the independent expert.