Signify announces Ms. Jill Lee to step down as Supervisory Board member, May 19, 2020, 11:45 CET

Press Release

May 19, 2020

Signify announces Ms. Jill Lee to step down as Supervisory Board member

Eindhoven, the Netherlands -Signify(Euronext: LIGHT), the world leader in lighting, today announced that Ms. Jill Lee, Chair of the Audit Committee of Signify's Supervisory Board, will step down from Signify's Supervisory Board at her own request on July 31, 2020.

Ms. Lee expressed her wish to step down in light of her current activities as Chief Financial Officer of Sulzer and her announced appointment as independent director of the board of directors of Schneider Electric.

"I would like to express my sincere gratitude to Ms. Lee, who has been an active member of Signify's Supervisory Board for more than three years," said Mr. Arthur van der Poel, Chairman of the Supervisory Board of Signify. "During this period, Ms. Lee provided very valuable guidance and counsel to Signify during a significant period of transition at the company. I am also very pleased that with the proposed appointment of Pamela Knapp we have found a very capable successor as chair of the Audit Committee."

Ms. Lee joined Signify's Supervisory Board in May 2017 and became chair of the Supervisory Board Audit Commitee in April 2018.

Additional information on the composition of the Supervisory Board can be found here.

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For further information, please contact:

Signify Investor Relations

Rogier Dierckx

Tel: [phone]

E-mail:[e-mail]

Signify Corporate Communications

Elco van Groningen

Tel: [phone]

E-mail:[e-mail]

About Signify

Signify(Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philipsproducts, Interactconnected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2019 sales of EUR 6.2 billion, we have approximately 38,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been named Industry Leaderin the Dow Jones Sustainability Index for three years in a row. News from Signify is located at the Newsroom,Twitter,LinkedInand Instagram. Information for investors can be found on the Investor Relationspage.

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