FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

SCHNEIDER ELECTRIC SA

(c) Name of the party to the offer with which exempt principal trader is connected:

Advisor to Offeree

(d) Date position held/dealing undertaken:

2 January 2014

(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

YES:

INVENSYS PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security: ORD
Interests Short Positions
Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,889,314 0.34% 1,510,201 0.27%
(2) Derivatives (other than
options): 1,565,711 0.28% 426,464 0.08%
(3) Options and agreements to
purchase/sell: 682,000 0.12% 869,000 0.15%
(4) TOTAL:
4,137,025 0.74% 2,805,665 0.50%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant Purchase/sale Number of Price per unit
security securities
ORD Purchase 21 62.5250 EUR
ORD Purchase 21 62.5400 EUR
ORD Purchase 21 62.5450 EUR
ORD Purchase 23 62.5800 EUR
ORD Purchase 24 62.3880 EUR
ORD Purchase 24 62.8900 EUR
ORD Purchase 38 62.4380 EUR
ORD Purchase 41 62.7900 EUR
ORD Purchase 52 62.5300 EUR
ORD Purchase 56 62.3850 EUR
ORD (traded as ADR) Purchase 68 17.0000 USD
ORD Purchase 72 62.4900 EUR
ORD Purchase 85 62.4050 EUR
ORD Purchase 97 62.5500 EUR
ORD Purchase 102 62.2700 EUR
ORD Purchase 102 62.7700 EUR
ORD Purchase 102 63.0100 EUR
ORD Purchase 103 63.0200 EUR
ORD Purchase 117 63.0600 EUR
ORD Purchase 136 62.3200 EUR
ORD Purchase 147 62.2680 EUR
ORD Purchase 159 62.4600 EUR
ORD Purchase 168 62.3400 EUR
ORD Purchase 188 62.4100 EUR
ORD (traded as ADR) Purchase 198 16.9500 USD
ORD Purchase 275 62.4090 EUR
ORD Purchase 300 62.3800 EUR
ORD Purchase 305 62.2990 EUR
ORD Purchase 345 62.5600 EUR
ORD Purchase 357 62.5372 EUR
ORD Purchase 366 62.4000 EUR
ORD Purchase 370 62.3900 EUR
ORD Purchase 373 62.5797 EUR
ORD Purchase 400 62.5000 EUR
ORD Purchase 449 62.4300 EUR
ORD Purchase 743 63.2303 EUR
ORD Purchase 905 62.5900 EUR
ORD Purchase 973 16.9500 USD
ORD Purchase 1,169 62.5955 EUR
ORD Purchase 1,182 62.4200 EUR
ORD (traded as ADR) Purchase 1,384 16.9635 USD
ORD Purchase 1,450 62.5269 EUR
ORD Purchase 2,648 62.6592 EUR
ORD Purchase 2,700 62.8961 EUR
ORD Purchase 4,513 62.6183 EUR
ORD Purchase 4,563 62.3759 EUR
ORD Purchase 5,343 62.5186 EUR
ORD Purchase 5,686 62.2600 EUR
ORD Purchase 6,120 62.3538 EUR
ORD Purchase 6,282 62.9261 EUR
ORD Purchase 10,632 62.5471 EUR
ORD Purchase 18,344 62.5601 EUR
ORD Purchase 19,738 62.4641 EUR
ORD Purchase 26,985 62.6400 EUR
ORD Sale 21 62.5250 EUR
ORD Sale 21 62.5400 EUR
ORD Sale 21 62.5450 EUR
ORD Sale 23 62.5800 EUR
ORD Sale 38 62.4380 EUR
ORD Sale 41 62.7900 EUR
ORD Sale 52 62.5300 EUR
ORD Sale 56 62.3850 EUR
ORD (traded as ADR) Sale 68 17.0000 USD
ORD Sale 72 62.4900 EUR
ORD Sale 85 62.4050 EUR
ORD Sale 90 63.6000 EUR
ORD Sale 97 62.5500 EUR
ORD Sale 100 62.5700 EUR
ORD Sale 102 62.2700 EUR
ORD Sale 102 62.7700 EUR
ORD Sale 102 63.0100 EUR
ORD Sale 103 63.0200 EUR
ORD Sale 136 62.3200 EUR
ORD Sale 145 62.5138 EUR
ORD Sale 147 62.2680 EUR
ORD Sale 153 62.4033 EUR
ORD Sale 159 62.4600 EUR
ORD Sale 168 62.3400 EUR
ORD Sale 188 62.4100 EUR
ORD (traded as ADR) Sale 198 16.9500 USD
ORD Sale 210 62.5327 EUR
ORD Sale 227 62.2600 EUR
ORD Sale 234 63.0600 EUR
ORD Sale 235 62.4887 EUR
ORD Sale 275 62.4090 EUR
ORD Sale 300 62.3800 EUR
ORD Sale 305 62.2990 EUR
ORD Sale 338 62.3900 EUR
ORD Sale 366 62.4000 EUR
ORD Sale 400 62.5000 EUR
ORD Sale 449 62.4300 EUR
ORD Sale 519 62.4325 EUR
ORD Sale 719 62.3915 EUR
ORD Sale 721 62.8933 EUR
ORD Sale 782 62.4200 EUR
ORD Sale 813 62.4431 EUR
ORD Sale 842 62.5200 EUR
ORD Sale 885 62.4847 EUR
ORD Sale 905 62.5900 EUR
ORD (traded as ADR) Sale 1,384 16.9635 USD
ORD Sale 1,773 62.2600 EUR
ORD Sale 2,022 63.7340 EUR
ORD Sale 2,259 62.6874 EUR
ORD Sale 3,074 62.4545 EUR
ORD Sale 4,876 62.3071 EUR
ORD Sale 5,158 62.5036 EUR
ORD Sale 5,465 62.7707 EUR
ORD Sale 13,500 62.6139 EUR
ORD Sale 16,988 62.4630 EUR
ORD Sale 17,616 62.5106 EUR
ORD Sale 40,230 62.5468 EUR

(b) Derivatives transactions (other than options)

Class of Product Nature of dealing Number of Price per
relevant description reference unit
security securities
ORD SWAP Long 260 62.8898 EUR
ORD SWAP Long 519 62.4325 EUR
ORD CFD Long 2,259 62.6874 EUR
ORD SWAP Long 2,446 62.5633 EUR
ORD CFD Long 4,216 62.2547 EUR
ORD SWAP Long 16,988 62.4630 EUR
ORD SWAP Short 11 62.5709 EUR
ORD CFD Short 774 62.4456 EUR
ORD SWAP Short 2,090 62.4766 EUR
ORD CFD Short 4,513 62.6183 EUR
ORD CFD Short 4,563 62.3759 EUR
ORD CFD Short 6,947 62.9183 EUR

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type

e.g. American, European etc.

Expiry date Option money paid/ received per unit

(ii) Exercising

Class of relevant security Product description

e.g. call option

Number of securities Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security Nature of dealing

e.g. subscription, conversion

Details Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:

3 Jan 2014

Contact name:

Rajesh Muthanna

Telephone number:

020 3555 4634

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Identity of person whose open positions are being disclosed:

BARCLAYS CAPITAL SECURITIES LTD

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

SCHNEIDER ELECTRIC SA

2. OPTIONS AND DERIVATIVES

Class Product Writing, Number Exercise Type Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
relates
ORD Put Options Written -300,000 57.7500 European 18 Dec 2015
ORD Call Options Written -250,000 57.7500 European 18 Dec 2015
ORD Put Options Purchased 150,000 38.0000 American 20 Jun 2014
ORD Put Options Purchased 100,000 48.0000 American 19 Dec 2014
ORD Put Options Written -100,000 50.0000 American 19 Dec 2014
ORD Put Options Written -50,000 52.0000 American 19 Dec 2014
ORD Call Options Purchased 63,700 60.0000 American 21 Feb 2014
ORD Call Options Purchased 75,000 60.0000 American 19 Dec 2014
ORD Call Options Purchased 50,000 64.0000 American 19 Dec 2014
ORD Call Options Purchased 43,300 68.0000 American 17 Jan 2014
ORD Call Options Purchased 100,000 68.0000 American 20 Jun 2014
ORD Call Options Purchased 100,000 80.0000 American 19 Dec 2014
ORD Call Options Written -119,000 60.0000 American 21 Feb 2014
ORD Call Options Written -50,000 64.0000 American 19 Dec 2014

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

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