Saint Gobain Or Regulatory News (COD)

PRESS RELEASE

March 30, 2020

Saint-Gobain FURTHER REINFORCES ITS financing:

€1.5 billion bond issue and

syndicated credit line adjusted to €2 billion

On March 26, Saint-Gobain launched a dual tranche €1.5 billion bond issue consisting of:

§ €750 million with a 3 year maturity and a 1.75% coupon

§ €750 million with a 7 1/2 year maturity and a 2.375% coupon

Despite the volatile context, the final order book totalled over €8 billion from over 300 investors, which underlines bond investors' confidence in the credit quality of Saint-Gobain.

Saint-Gobain's long-term senior debt is rated BBB by Standard & Poor's and Baa2 by Moody's.

BNP Paribas, CA-CIB, Citi, J.P. Morgan, Natixis and Société Générale acted as bookrunners for this bond issue.

This transaction enables Saint-Gobain to further reinforce its liquidity, with longer maturity debt. Following the bond issue, the syndicated credit line announced on March 23 will be reduced from €2.5 billion to €2.0 billion. With these two transactions Saint-Gobain secures €3.5 billion in new financing, compared to €2.5 billion as of March 23.

This new financing is in addition to the confirmed and undrawn back-up credit lines of €4.0 billion and access to the Pandemic Emergency Purchase Program (PEPP) launched by the European Central Bank.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

€42.6 billion in sales in 2019

Operates in 68 countries

More than 170,000 employees

For more information about Saint-Gobain

Visit www.saint-gobain.com

and follow us on Twitter @saintgobain