Signify to hold extraordinary general meeting of shareholders on October 27, September 10, 2020 16:00 CET

Press Release

September 10, 2020

Signify to hold Extraordinary General Meeting of Shareholders on October 27, 2020 to appoint Francisco Javier van Engelen Sousa to the Board of Management

Eindhoven, the Netherlands -Signify(Euronext: LIGHT), the world leader in lighting, today convened an Extraordinary General Meeting of Shareholders (EGM) to be held on Tuesday October 27, 2020 at 10:00 CET. At the EGM, the only agenda item is the proposal to appoint Francisco Javier van Engelen Sousa as a member of the Board of Management, effective October 27, 2020 (voting item).

As per the announcement on May 26, 2020, Javier van Engelen will fulfill the role of CFO of Signify and succeed René van Schooten, who currently holds the position on an interim basis.

Javier has held financial leadership positions at international FMCG, retail and pharmaceutical companies in listed, family owned and private equity environments. He most recently held the position of CFO for Grupo Telepizza, a EUR 1.2 billion food operator, ultimately leading the process to take the company private in 2019. Prior to this, he was CFO of Jerónimo Martins, a EUR 15 billion listed food retailing company with over 90,000 employees. Javier also has a solid manufacturing and M&A background, stemming from the start of his career at Procter & Gamble, and subsequent CFO roles at AstraZeneca and Triumph International.

A Belgian and Portuguese national, Javier holds a master's degree in Economics from the Antwerp International Business School in Belgium.

The agenda with explanatory note and other information relevant for the EGM are available here.

Due to the COVID-19 outbreak we intend to hold the EGM virtually only. However, the date of the EGM is after the current expiration date of the Dutch legislation allowing for virtual meetings. Therefore, the EGM will only take place virtually if the expiration date of the relevant legislation will be timely and sufficiently extended. Should the expiration date not be extended, then the EGM will be held at High Tech Campus 48, 5656 AE Eindhoven, the Netherlands.

The meeting can be followed via a live audio webcast that will be available via the company's website. Shareholders are advised to regularly check the website for updates until the date of the meeting.

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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.