Blue Solutions: Blue Solutions announces the success of its initial public offering on the regulated market of NYSE Euronext in

  Blue Solutions: Blue Solutions announces the success of its initial public
          offering on the regulated market of NYSE Euronext in Paris

     Blue Solutions announces the success of its initial public offering

              on the regulated market of NYSE Euronext in Paris

  *Offering price: € 14.50 per share, corresponding to a € 418 million market
    capitalisation

  *Size of the Offering: € 41.8 million (representing a 10% free float),  and 
    € 46.0  million,  should  the over-allotment  option  be  fully  exercised 
    (representing a 11% free float)

Paris, October 29, 2013 -

Blue Solutions,  a subsidiary  of Groupe  Bolloré specialised  in  electricity 
storage, announces today the final terms of its initial public offering  ahead 
of the listing of its shares on the regulated market of NYSE Euronext in Paris
(Segment B, ISIN code FR0011592104, mnemonic code "Blue") in Paris.

The initial public offering  of Blue Solutions was  a very large success  with 
French and  international  institutional  investors as  well  as  with  retail 
investors in France.

Trading in shares will  commence on the regulated  market of NYSE Euronext  in 
Paris (Segment B) on  October 30^th, 2013 under  promises form until  November 
1^st, 2013 included. Settlement-delivery of the shares is expected on November
1^st, 2013. Trading of ordinary shares will start on November 4^th, 2013.

With respect to the Company, the listing of its shares on the regulated market
of NYSE Euronext in Paris is expected  to allow Blue Solutions to support  its 
development strategy. In  particular, it will  strengthen its public  exposure 
vis-à-vis its  potential  clients and  Blue  Applications' clients  and  allow 
access to new means of financing  (such as bank credits, bond issues,  private 
placements),  which  Blue  Solutions  could  use  to  support  its   long-term 
development projects.

Vincent Bolloré, Chairman of Blue Solutions, said:

"After more than 20 years of efforts  and a vast R&D program, Blue  Solutions' 
teams which have developed a unique  expertise and know-how, are very  pleased 
today to see their hard  work rewarded with this  listing on NYSE Euronext  in 
Paris. Thanks to  a proprietary  technology and new  energy storage  solutions 
that are now worldwide renowned, Blue Solutions will contribute to  facilitate 
energy shift and pollution fighting. "

Main terms of the offer

The initial public offering  was completed by the  sale of existing shares  by 
Bolloré S.A. and Bolloré Participations  S.A. (the "Selling Shareholders")  of 
2,883,832 existing ordinary shares, corresponding to approximately 10% of  the 
share capital  and voting  rights of  Blue Solutions  before exercise  of  the 
over-allotment option.

Offering price

The price of the open price offering  (offre à prix ouvert, or "French  Public 
Offering") and  of  the  international  offering  intended  for  institutional 
investors (the  "International  Offering")  was  set  at  €14.50  per  share, 
corresponding to the top of the indicative offering price range.

This price corresponds to a € 418 million market capitalisation.

Offering size

The gross amount of the French Public Offering and the International  Offering 
stands at € 41.8 million (before exercise of the over-allotment option).

The  Selling  Shareholders  have  granted  the  financial  intermediaries   an 
over-allotment option, exercisable between October  29, 2013 and November  27, 
2013 (inclusive), on up to 10% of the global offering, representing a  maximum 
of 288,382 existing shares.

The free  float will  represent approximately  10% of  the share  capital  and 
voting rights  of  Blue  Solutions  (before  exercise  of  the  over-allotment 
option). Bolloré S.A. and Bolloré  Participations S.A. will respectively  hold 
approximately 72%  and 18%  of the  share capital  and voting  rights of  Blue 
Solutions  (before  exercise  of   the  over-allotment  option).  Should   the 
over-allotment option be fully  exercised, the free  float would represent  c. 
11% of the share capital  and voting rights of  Blue Solutions. In that  case, 
Bolloré S.A. and Bolloré Participations S.A. would respectively hold 71.2% and
17.8% of the share capital and voting rights of Blue Solutions.

Split of the offering (apart from the over-allotment option)

  *2,595,449 shares were allotted to the International Offering (representing
    approximately € 37.6 million or approximately 90% of the offered shares

  *288,383 shares were allotted to  the French Public Offering  (representing 
    approximately € 4.2 million or approximately 10% of the offered shares

Indicative Time Table for the global offering

Trading in shares will  commence on the regulated  market of NYSE Euronext  in 
Paris (Segment B, ISIN code FR0011592104 and symbol "BLUE") on October  30^th, 
2013 under promises form (product name "BLUE PROMESSES") until November  1^st, 
2013 included. Settlement-delivery of the shares is expected on November 1^st,
2013. Trading of  ordinary shares  form (product  name "BLUE")  will start  on 
November 4^th, 2013.

Financial Intermediaries

BNP PARIBAS, Crédit Agricole Corporate and Investment Bank, Deutsche Bank  AG, 
London branch and HSBC  France are acting as  Global Coordinators, Joint  Lead 
Managers and Joint Bookrunners of the transaction.

Information available to the public

The Prospectus, which has been approved by the Autorité des marchés financiers
("AMF") on October 16, 2013 under number 13-551 consisting of the document  de 
base (the  "Registration Document")  registered on  September 12,  2013  under 
number I.13-041, the note d'opération (securities note) and the summary of the
Prospectus (included in the securities note), is available at the headquarters
of Blue Solutions and from  the financial intermediaries mentioned above.  The 
Prospectus may  also be  accessed  on the  Internet  websites of  the  Company 
(www.blue-solutions.com) and the AMF (www.amf-france.org).

As of the date of this announcement, the entities comprising Blue Applications
are not part of Blue Solutions, for  which the admission of shares to  trading 
on the NYSE Euronext stock exchange in Paris, France is expected; the entities
comprising Blue  Applications will  only  be part  of  Blue Solutions  if  the 
Company exercises the  call options  granted to it.  The relationship  between 
Blue Solutions and Blue Applications  is characterized by shared  capitalistic 
interests, insofar as they are both controlled by the Bolloré Group (and  will 
remain that way post-admission of the  shares to trading on the NYSE  Euronext 
Regulated Market in Paris, France), and shared commercial interests, since the
total amount of LMP® batteries manufactured by Blue Solutions, or 96.7% of its
net revenues  in 2012,  is  either sold  or rented  out  to entities  of  Blue 
Applications (its remaining balance stems from the sales of supercapacitors to
clients external  to  Blue Applications).  In  particular, the  sale  of  LMP® 
batteries to Bluecar is carried out  by virtue of a long-term supply  contract 
that will  expire on  December 31,  2022, and  an extension  of this  contract 
beyond the said  date is not  expected as of  the date of  the Prospectus.  In 
order to  enable Blue  Solutions to,  in the  future, exert  control over  the 
entire value chain  (from the  manufacturing of  technologies to  the sale  of 
innovative solutions  featuring such  technologies), as  of the  date of  this 
announcement, Blue Solutions benefits from  seven call options that enable  it 
to acquire all of the entities of the Blue Applications group from the Bolloré
Group. The Company can, at any moment from September 1, 2016 to June 30, 2018,
exercise any of the call options it was granted, it being specified that:  (i) 
call options must target all of the shares comprising the share capital of the
company(ies) concerned, and (ii) the Company  is free to exercise all or  only 
part of the call  options it was granted.  An independent expert appointed  by 
the Chairman  of the  Commercial  Court of  Paris  (Président du  Tribunal  de 
commerce) determines the  exercise price of  each of the  call options at  the 
request of the Company. The Company will decide whether or not to exercise the
granted call  options based  on  the independent  expert's report.  The  call 
options will grant the Company a resale right that will enable it to  receive, 
should it decide  to waive its  right to exercise  any one of  its options  to 
acquire stock, and provided the Blue  Applications entity in question is  sold 
within the 18 months following such waiver, the capital gain the Company would
have generated  itself if  it had  exercised the  stock purchase  option  then 
completed the sale itself

Risk factors

Blue Solutions draws to the public's  attention the risk factors set forth  in 
Chapter 4 of the document de base  and Section 2 of the note d'opération.  The 
materialization of  one or  more  of these  risks could  materially  adversely 
affect the business, assets, financial position, results of operations or  the 
prospects of the Company, as well as the market price of its shares after they
have been listed on the regulated market of NYSE Euronext in Paris.

Press contact:

DGM Conseil: +33 (0)1 40 70 11 89   

           

   

About Blue Solutions

Blue Solutions, a Bolloré Group company, develops technologies that meet two
major challenges facing the environment, namely development of green
transportation and smart energy solutions. Electric batteries and
supercapacities produced and distributed by Blue Solutions have natural
outlets in the products and services provided through Blue Applications
including Autolib', Blueboat, Bluebus, Bluecar, Bluecarsharing, Bluestorage,
Bluesun (a 50-50 Bluestorage and Total Développement joint venture) and
Bluetram. The Blue Solutions range is based on a unique clean and innovative
technological advance, Lithium Metal Polymer (LMP) batteries that Bolloré has
been developing since the early 90s and currently manufactures on production
sites in France and Canada.

Disclaimer

This announcement does not, and shall  not, in any circumstances constitute  a 
public offering nor an invitation to the public in connection with any offer.

The distribution  of  this  document  may be  restricted  by  law  in  certain 
jurisdictions. Persons into whose possession this document comes are required
to inform themselves about and to observe any such restrictions.

This announcement is an advertisement and not a prospectus within the  meaning 
of Directive 2003/71/EC of the European Parliament and the Council of November
4th, 2003,  as amended,  in  particular by  the  Directive 2010/73/EU  of  the 
European Parliament and the Council of November 24, 2010 and as implemented in
each member State of  the European Economic Area  (the « Prospectus  Directive 
»),.

With respect to  the member States  of the European  Economic Area which  have 
implemented the Prospectus Directive (other  than France), no action has  been 
undertaken or  will be  undertaken  to make  an offer  to  the public  of  the 
securities referred to herein requiring a  publication of a prospectus in  any 
relevant member State other than France. As a result, the securities may  not 
and will not be offered in any relevant member State other than France  except 
in accordance with the exemptions set forth in Article 3(2) of the  Prospectus 
Directive, if they  have been implemented  in that relevant  member State,  or 
under any other  circumstances which  do not  require the  publication by  the 
company of a  prospectus pursuant  to Article  3 of  the Prospectus  Directive 
and/or to applicable regulations of that relevant member State.

This document may not be distributed,  directly or indirectly, in or into  the 
United States of America. This document is not an offer of securities for sale
nor the solicitation of an offer  to purchase securities in the United  States 
of America  or any  other jurisdiction  where such  offer may  be  restricted. 
Securities may not be offered or sold  in the United States of America  absent 
registration  under  the  U.S.  Securities  Act  of  1933,  as  amended   (the 
"Securities Act"),  or an  exemption from  registration. The  shares of  Blue 
Solutions have not been and will  not be registered under the Securities  Act, 
and Blue Solutions does not intend to make a public offer of its securities in
the United  States of  America. Copies  of this  document are  not being,  and 
should not be, distributed in or sent into the United States of America.

In the United Kingdom, this document is only being distributed to, and is only
directed at, persons  that (i) are  "investment professionals" falling  within 
Article 19(5)  of  the Financial  Services  and Markets  Act  2000  (Financial 
Promotion) Order  2005 (as  amended, the  "Order"), (ii)  are persons  falling 
within Article  49(2)(a) to  (d) ("high  net worth  companies,  unincorporated 
associations, etc.") of the Order, or (iii) are persons to whom an  invitation 
or inducement to engage in investment activity (within the meaning of  section 
21 of the  Financial Services  and Markets Act  2000) in  connection with  the 
issue or sale  of any  securities may  otherwise lawfully  be communicated  or 
caused to be  communicated (all  such persons  together being  referred to  as 
"relevant persons"). This document  is directed only  at relevant persons  and 
must not be acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this document relates is  available 
only to relevant persons and will be engaged in only with relevant persons.

This document may not be distributed,  directly or indirectly, in or into  the 
United States of America, Canada, Australia or Japan.

During a period of 30 days following the date of adequate public disclosure of
the offering price  and until November  27, 2013 (inclusive),  BNP Paribas  as 
stabilizing agent may  (but is not  obligated to) purchase  and sell  ordinary 
shares in the open market in compliance with applicable law, in particular the
provision of  EU  Commission  Regulation  N°  2273/03  of  December  22,  2003 
regarding implementation of  Directive 2003/06/CE of  the European  Parliament 
and of  the  council  of  January  28, 2003  on  insider  dealing  and  market 
manipulation, undertake stabilization transactions with a view to  stabilizing 
or maintaining the price  of ordinary shares on  the regulated market of  NYSE 
Euronext in Paris. In compliance with article 10-1 of EU Commission regulation
N°2273/03 of December 22, 2003, stabilization transactions may not be effected
at a price greater than the offering price in the international offering. Such
transactions may affect the market price of the ordinary shares and may result
in a price of the ordinary shares that is higher than the price that otherwise
might exist in the open market. If these activities are commenced, they may be
discontinued by BNP Paribas at any time. The relevant market authorities  and 
public will be informed  in accordance with article  9 of the  afore-mentioned 
regulation. In compliance with article 11b) of the afore-mentioned regulation,
BNP Paribas, on behalf of the underwriters, may over-allot up to the number of
ordinary shares covered by the over-allotment  option plus a maximum of 5%  of 
the total number of shares being offered in the global offering excluding  the 
over-allotment option.

Blue Solutions : Blue Solutions announces the success of its initial p

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Blue Solutions via Thomson Reuters ONE
HUG#1739002
 
Press spacebar to pause and continue. Press esc to stop.