Signify announces a dept prepayment of EUR 350 million to reduce its overall gross debt position, September 21, 2020, 08:00 CET

Press Release

September 21, 2020

Signify announces a debt prepayment of EUR 350 million to reduce its overall gross debt position

Eindhoven, the Netherlands - Signify, (Euronext: LIGHT), the world leader in lighting, today announced that it has given a notice of prepayment for a principal amount of EUR 350 million of its term loan debt facilities.

The deleveraging supports our overall commitment to an investment grade credit rating and maintaining a robust financial framework, and implements our deleveraging prioritization as announced on January 31, 2020when publishing our full year 2019 results. The debt prepayment will be made on September 30, 2020 and executed against the EUR terms loans which had an initial maturity of January 2023.

As a result of this payment Signify's term loan debt facilities will consist of EUR 50 million and USD 275 million with a maturity of three years (January 2023) and EUR 340 million and USD 225 million with a maturity of five years (January 2025).

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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 36,000 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.