TE Connectivity Begins Acquisition of First Sensor AG

TE Connectivitycommences public takeover offer for First SensorAG

Acceptance period to expire on September 2, 2019

SCHAFFHAUSEN, Switzerland –July 8, 2019 – TE Connectivity Sensors Germany Holding AG (TE Holding), a wholly owned subsidiary of TE Connectivity Ltd. (NYSE: TEL) (TE), a global industrial technology company with leading positions in connectivity and sensing solutions, today published the offer document for its voluntary public takeover offer for all outstanding shares of First Sensor AG (XTRA: SIS) (First Sensor), aprovider of sensing solutions based in Germany (ISIN DE0007201907).

Today’s publishing of the offer document follows TE’s public announcement on June 3, 2019, of its decision to launch the offer for First Sensor AG.The offer price is €28.25 per share in cash.This represents a 31.7% premium to the 3-month volume-weighted average price prior to May 24, 2019, the last trading day before First Sensor confirmed negotiations with TE.

The publication of the offer document marks the beginning of the acceptance period of the offer. The acceptance period will presumably expire on September 2, 2019, at 24.00 hrs local time Frankfurt am Main / 6:00 p.m. local time New York.

The management board and supervisory board of First Sensor welcome and, subject to a review of the offer document, support the offer.Additionally, shareholders representing approximately 67% of the outstanding shares have already agreed to irrevocably tender their shares into the offer.The transaction, including the assumption of First Sensor’s outstanding net debt and minority interest, is valued at approximately €307 million.

Completion of the offer is subject to customary closing conditions as described in the offer document. Theoffer is not subject to reaching a minimum acceptance threshold. TE expects to complete this acquisition bymid2020 at the latest. The offer document as well as additional details and documents concerning this transaction may be found at: www.sensor-offer.com.