Acuity Brands Lighting, Inc. entered into an agreement to acquire Distech Controls Inc. from Caisse de dépôt et placement du Québec, Fonds régional de solidarité FTQ Montérégie, fund of Fonds de solidarité FTQ, EnerTech Capital Partners IV, L.P. of EnerTech Capital, Export Development Canada, Technovator International Limited (SEHK:1206) and others for approximately CAD 320 million in cash on March 8, 2015. SVIC No. 25 New Technology Business Investment L.L.P. has not signed on the agreement. In the event that Samsung executes the agreement by the 5th day following the date of the agreement and becomes one of the sellers, Acuity Brands will acquire 100% shares of the Distech Controls. In the event that Samsung does not become a party to the agreement, Acuity Brands may elect to purchase all the shares held by all sellers other than Samsung, in such case the necessary pro rata adjustments will be made to the consideration. As on March 9, 2015 Samsung Venture Investment Corporation executed the agreement and becomes one of the seller. Samsung shall sell all such shares that it holds as of the closing Date to Acuity Brands, Inc.

Distech Controls Inc. reported net sales of CAD 70 million, net profit of CAD 7.44, total assets of CAD 71.62 million and total net assets of CAD 12.13 million for the year ended December 31, 2014. The transaction is subjected to approval of Distech Controls Inc. shareholders and other customary closing conditions both of which are expected to be achieved within the following four to eight weeks. The Board of Directors of Technovator approved the transaction and recommends the same to the shareholders. The transaction is expected to be slightly accretive to Acuity Brands consolidated fiscal 2015 results. As of March 20, 2015 Tsinghua Tongfang Directors approved the proposal of selling 18.122,100 million ordinary A shares of Distech Controls Inc. by Tongfang Taide. The extraordinary general meeting of Technovator will be held on July 30, 2015. Shareholders of Technovator approved the transaction on July 30, 2015.

Tricor Investor Services Limited acted as share registrar in the transaction. John Leopold, Gayle Noble, Maxime Charbonneau and Timour Breslavski, Frank Mathieu, Josée Massicotte, Nicholas Grenier, Hélène Bussières, Stephanie Weschler, Stephanie Pasternyk, Michel Legendre, Stefan Fews, Myriam Fortin, Susan Hutton, Marc-André Coulombe, Shawn Neylan, Frédéric Paré, Alan Kenigsburg, Patrick Desalliers, Maude Brouillette, Howard Rosenoff and Jonathan Auerbach of Stikeman Elliott LLP acted as legal advisor for Acuity Brands, Inc. Canaccord Genuity Corp. acted as financial advisor for Distech Controls. Mehdi Haroun, Raphaële Bouniol, Marwa Hajjar, Alexandre Couturier, Angélique Maniez, Aurélia de Viry and Russ Richards of King & Spalding acted as the legal advisors for Acuity Brands. BCF acted as legal advisor for Distech Controls. Franziska Ruf of Davies Ward Phillips acted as legal advisor for Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ.

Acuity Brands Lighting, Inc. completed the acquisition of Distech Controls Inc. from Caisse de dépôt et placement du Québec, Fonds régional de solidarité FTQ Montérégie, fund of Fonds de solidarité FTQ, EnerTech Capital Partners IV, L.P. of EnerTech Capital, Export Development Canada, Technovator International Limited (SEHK:1206) and others on September 1, 2015.