PRESS RELEASE

Héricourt, 7 August 2020

HYPERLOOP acquires an 885,032-euro stake in GAUSSIN at

the price of 9.91 euros per share.

The industrial partnership between Gaussin and Hyperloop

Transportation Technologies becomes a reality

GAUSSIN (EURONEXT GROWTH: ALGAU - FR0013495298) has announced the completion of a capital increase of 885,032.37 euros, share premium included, reserved for Hyperloop Transportation Technologies (HTT) and bringing the value of GAUSSIN to US$250 million at the price of 9.91 euros per share.

This transaction was authorised by resolutions 7 and 8 passed at GAUSSIN's mixed General Meeting held on 27 February 2020 and aims to strengthen the ties between the two firms whilst funding their partnership on solutions to carry and transfer containers for Hyperloop magnetic levitation trains. In line with the provisions of Article 211-3 of the General Regulation of the French financial regulator, the AMF, this private share offering did not require the publication of an AMF- approved prospectus.

Description of the capital increase

When it met on 7 August 2020, GAUSSIN SA's Board of Directors decided, in application of the delegations granted by the EGM of 27 February, to carry out a capital increase reserved for Hyperloop Transportation Technologies (HTT), as follows:

  • Under resolutions 7 and 8, a reserved capital increase of 885,032.37 euros (share premium included) by issuing 89,307 new shares at a subscription price of 9.91 euros each, namely a nominal value of 1 euro and a share premium of 8.91 euros per share, corresponding to a share dilution of 0.40%. HTT is under an obligation to keep the GAUSSIN shares for at least 2 years.

The entire subscription was paid by way of set-off against Hyperloop Transportation Technologies' claims on GAUSSIN, and the completion of the capital increase was officialised by the Board on 7 August 2020.

For more information about this partnership, see the press releases published on the company's website on 30 October 2019 and 27 February 2020.

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AIV Gaussin aux côtés de la capsule de l'Hyperloop

Communication on recent developments concerning the Company's capital

1. Exercise of BSARs

The Company also informs its shareholders of the exercise of redeemable share subscription warrants (BSARs) (see press release dated 27 November 2013 concerning the issuance of BSARs):

  • 550 BSARs were exercised in the first half of 2020.

The number of BSARs still circulating is therefore 3,174,902, entitling holders to 333,364 shares at €4.50 per share, if the warrants are exercised.

2. Share capital

Following the aforementioned transactions, GAUSSIN's share capital is now 22,426,345 euros, divided into 22,426,345 shares with a nominal value of €1 each and representing 22,460,220 voting rights.

Shareholders

Number of

% of capital

Number of votes

% of voting rights

shares

Christophe GAUSSIN*

1,447

521

6.48%

1,460

864

6.50%

Volker BERL

195,340

0.87%

195,340

0.87%

Damien PERSONENI

1

0.00%

1

0.00%

Martial PERNICENI

52,409

0.23%

52,409

0.23%

Sub-total Board of Directors

1,695

271

7.56%

1,708

614

7.61%

Other registered shareholders

352,573

1.57%

373,105

1.66%

Treasury shares**

14,677

0.07%

14,677

0.07%

Other bearer shareholders

20,363

824

90.80%

20,363

824

90.67%

TOTAL share capital

22,426

345

100%

22,460

220

100%

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*Directly or indirectly held through Milestone, a 100% holding. ** Shares held through the liquidity contract on 30/06/2020

Detailed information on GAUSSIN, specifically its business, its results and its risk factors, was provided in the press release dated 25 March 2020 and the annual report on the financial year ended 31 December 2019. This press release, along with the annual report, other regulated information and press releases can be found on the company's website on the "Financial Information" page (www.gaussin.com).

Next dates to remember

JDL Expo: from 9 to 11 September 2020 in Beaune

About GAUSSIN

Gaussin is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicle, and the integration of all types of batteries, particularly electric and hydrogen fuel cells. With more than 50,000 vehicles worldwide, Gaussin enjoys a strong reputation in four fast- expanding markets: port terminals, airports, logistics and people mobility. The group has formed strategic partnerships with major global players in order to accelerate its market penetration: Siemens Logistics in the airport field, Bolloré Ports and ST Engineering in ports, UPS in logistics and Bluebus for people mobility. Gaussin has extended its business model with licensing agreements that are aimed at speeding up the use of its technology throughout the world. The purchase of Metalliance has resulted in the emergence of a group with over 200 employees and €50M turnover.

In October 2019, the Group won the World Challenge for Self-Driving Transport in the Leading Company Category, Best Energy and Environmental Sustainability.

Gaussin has been listed on Euronext Growth in Paris since 2010 (EURONEXT GROWTH - FR0013495298).

More information on www.gaussin.com

Contacts

GAUSSIN

Ulysse Communication

Christophe Gaussin, invest@gaussin.com

Nicolas Daniels,ndaniels@ulysse-communication.com

+33(0)3.84.46.13.45

+33(0)6.63.66.59.22

Charles Courbet,ccourbet@ulysse-communication.com

+33(0)6.28.93.03.06

Find all the GAUSSIN information on www.gaussin.com

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Disclaimer

Gaussin SA published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 16:13:04 UTC