Thierry Letailleur, Chairman of ACE Management, is pleased to announce the arrival of Michel Lazure, who will be responsible for the investment and advisory activities of ACE Management in Canada.

The mission of the Canadian subsidiary, ACE Canada Conseils et Services Inc., is to invest equity capital in Canadian mid-market companies operating in the aerospace industry, to advise French aerospace companies seeking to establish a Canadian presence and vice versa to advise Canadian companies prospecting the French market. «It is essential to be able to effectively support the consolidation of this sector which is turning increasingly towards international supply chains and to be a key driver in the growth of the aerospace sector in both countries», commented Thierry Letailleur, Chairman of ACE Management.

Michel Lazure brings over 28 years of experience in financing mid-market businesses. Prior to this appointment, Mr. Lazure was a Vice President in the Capital Advisory group of Deloitte. Mr. Lazure previously worked in the Subordinate Financing group at Business Development Bank of Canada and at Bank of Montreal, where he was in charge of Mid-Market Mergers & Acquisitions for Quebec. Mr. Lazure was Co-Founder and Managing Director of Norvest Mezzanine Fund which provided subordinated debt financing to mid-market companies in Canada. He also worked at Penfund, a merchant bank, where he was responsible for investment activities in Quebec, and National Bank Financial, where he was an investment banker specializing in initial public offerings. Mr. Lazure holds an MBA from The Wharton School at University of Pennsylvania with a major in finance and a BA in economics from McGill University.

About ACE Management:

ACE Management is a private equity firm which for 20 years has focused on SMEs and mid-market companies, predominantly in the Aerospace, Maritime, Defense and Security sectors. ACE Management manages 9 different funds representing more than €450M of capital, including Aerofund (I, II and III), Sécurité, Financière de Brienne and Atalaya.

The limited partners of these funds are (i) European industrial groups (Airbus, Safran, EADS, Thales, DNCS, CEA, Louis‐Dreyfus Armateurs, GICAN, Areva), (ii) institutional investors (CDC Entreprises – a subsidiary of Caisse des Dépôts et Consignations, Fonds de Solidarité des Travailleurs du Québec (FTQ), Société Générale, Crédit Agricole, CIC, AXA) and 4 regions of France (Midi‐Pyrénées, Aquitaine, Pays de la Loire and Centre).

On January 25th, 2013, ACE Management announced the first closing, for an amount of €150M, of Aerofund III, its new private equity fund focused on the aerospace industry. With a €300M final

fundraising target, Aerofund III will be the leading investment fund dedicated to this sector in Europe. The first financing round includes CDC Entreprises, as part of the “FSI France Investment Program”, Airbus, Safran, EADS and Eurocopter. Similarly to its predecessors, Aerofund III benefits from strong industrial support. Aerofund III’s strategy is in line with the previous funds launched by ACE Management since 2004. The fund will invest in key SMEs of the aerospace sector, positioned as Tier 1 or Tier 2 suppliers with strong organic growth prospects or focusing on consolidation through a build‐up strategy.

Aerofund III’s positioning has been extended in order to take into account new market needs: it will be able to take majority stakes as sole or lead investor, to allocate up to 20% of its commitments to foreign companies and to invest in companies in turnaround situations provided that their fundamentals point to a positive recovery and outlook. Since 2004, ACE Management has led more than 20 investments in the aerospace industry. These investments position ACE Management as a key player in the sector, with a track record and a level of expertise that are unique in the market.

For further information: www.acemanagement.fr

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For further information, please contact either of the people listed below:

Thierry Letailleur                                                                 Michel Lazure

Tel : 33-01-58-56-25-61                                                      Tel : 514-871-1188

Email : ltr@acemanagement.fr                                            Email : ml@acecanada-services.ca