463 Life Is On | Schneider Electric www.se.com Chapter 8 – Annual Shareholders’ Meeting Shareholder Information 8. Presentation of IGE+XAO IGE+XAO, a subsidiary of Schneider Electric, designs, produces, markets, and maintains a range of Computer Aided Design (CAD) and Product Lifecycle Management (PLM) software. The purpose of its range of software is to help manufacturers design and maintain the electrical component of any type of installation. In the financial year ended December 31, 2021, IGE+XAO generated consolidated revenue of €36.4 million. It employs more than 389 people around the world across 30 sites in 22 countries, and has more than 98,649 licenses in force worldwide. IGE+XAO is a leading player in its sector. IGE+XAO shares are listed on Euronext Paris. Its shares are admitted to trading on Euronext Paris under the ISIN code FR0000030827, compartment B. Reasons for and purpose of the Merger The Merger is intended to (i) position the IGE+XAO group’s entities as purely operational entities of Schneider Electric’s Energy Management Software Division, it being stipulated that the IGE+XAO group would retain its main role as an agnostic software producer and (ii) extend the IGE+XAO group’s remit, including pulling together software activities that are currently dispersed within the Schneider Electric Group and gradually becoming a center of excellence for R&D. The Merger would also enable non-controlling shareholders of IGE+XAO to continue benefiting from the value created by this strategy by holding shares in the Company. Rules governing the Merger In accordance with Articles L. 236-1 and following of the French Commercial Code, the Merger would entail the transfer of all of IGE+XAO’s assets and liabilities to Schneider Electric (a “ transmission universelle du patrimoine ”) and IGE+XAO would be dissolved but not liquidated. Merger appraisers Finexsi, acting through Olivier Péronnet, and BM&A, acting through Pierre Béal, were appointed as merger appraisers (certified public accountants appointed to assess M&A transactions) by order of the Presiding Judge of the Nanterre Commercial Court dated December 14, 2021, with the task of examining the terms of the Merger and more specifically assessing the value of the contributions in kind to be made and of any special privileges, as well as checking the accuracy of relative values attributed to IGE+XAO and Schneider Electric shares and the fairness of the exchange ratio. The merger appraisers’ reports which are available to shareholders on the Schneider Electric website (www.se.com) concluded that: “The exchange ratio of 5 Schneider Electric shares for 3 IGE+XAO shares (...) agreed by the parties is fair . The value of the contributions retained, amounting to €38,693,042, is not overvalued and, consequently, that the net assets contributed are at least equal to the amount of the capital increase of the company receiving the contributions, plus the merger premium.” Completion date and effective date Completion of the Merger is subject to the following conditions precedent being met: • completion of the sale of IGE+XAO shares to Schneider Electric; • approval of the Merger by shareholders in IGE+XAO’s extraordinary shareholders’ general meeting (including approval of the decision to dissolve but not liquidate IGE+XAO and of the transfer of all of IGE+XAO’s assets and liabilities to Schneider Electric); and • approval of the Merger by shareholders in Schneider Electric’s extraordinary shareholders’ general meeting (including approval of the net carrying amount of net assets transferred, the exchange ratio and the capital increase to be carried out by Schneider Electric as remuneration for the Merger). The Merger and the resulting dissolution of IGE+XAO will take place on the day on which the last of the conditions precedent is fulfilled (the “ Completion Date ”). That date must fall after the expiry of the creditor objection period and, unless the parties agree otherwise in writing, at the latest on June 30, 2022. If the Merger does not take place by that date, the Draft Merger Agreement will be void. In accordance with Article 236-4(2) of the French Commercial Code, it is intended that the Merger will have retroactive effect from January 1, 2022 for accounting and tax purposes. (2) Based on an Enterprise Value of €286 million. (3) Based on its share capital comprising 1,304,381 shares, representing at most 2,256,580 voting rights at October 31, 2021. (4) Based on the number of IGE+XAO shares held by Schneider Electric amounting to 1,094,733.