Under the terms of Michelin's acquisition of Fenner, Fenner shareholders received 610 pence per Fenner share; full details of the Acquisition were set out in the scheme document dated 12 April 2018. Settlement of the consideration was effected by way of the despatch of cheques or the crediting of CREST accounts on 14 June 2018.

As a result of the acquisition of Fenner by Michelin, share certificates in respect of Fenner Shares have ceased to be valid documents of title and entitlements to Fenner Shares held in uncertificated form in CREST have been cancelled.

Any enquiries by former Fenner shareholders in relation to acquisition of their shares by Michelin should be addressed to Link Assets Services (telephone 0871 664 0300 from the UK or from overseas +44 (0) 371 664 0300). Calls from within UK cost 12p per minute plus the phone company's access charge; calls from outside the United Kingdom will be charged at the applicable international rate.