Press Release
March 27, 2020

Signify provides update on developments related to the coronavirus
Eindhoven, the Netherlands – The COVID-19 pandemic has created an unprecedented situation
globally. From the outset, Signify (EURONEXT: LIGHT) has taken considerable action focused on thehealth and safety of its employees, on customer engagement and supply chain continuity and on free
cash flow generation and operating expenses.
To adapt to the fast-changing environment, the company has taken the following decisions:
Outlook suspended and dividend proposal withdrawn
Given the high level of global uncertainty and the very limited visibility on how this crisis might unfold,Signify has decided to suspend its financial outlook for 2020 as announced on January 31, 2020.
In addition, Signify has decided to withdraw the proposal to pay a dividend of EUR 1.35 per share toensure resilience during this period of market uncertainty and to further strengthen the company’sfinancial position. Once market conditions have stabilized, Signify will revisit its capital allocation toshareholders.
Capital Markets Day postponed, and AGM will be held on May 19, 2020
Signify has also decided to postpone its Capital Markets Day, that was scheduled to take place on June18, 2020, in London. A new date will be announced in due course.
Signify’s Annual General Meeting of Shareholders (AGM) will take place on May 19, 2020, as originallyplanned. In view of the COVID-19 outbreak, Signify encourages its shareholders to exercise their voting
rights by proxy, to submit questions in advance and to follow the meeting via the live video webcast ofthe meeting on the company’s website. Signify may take, or may be required to take, additional
precautionary measures to protect the health and safety of all stakeholders involved in the AGM.
CEO statement“The COVID-19 pandemic is unprecedented in its scale and the challenges it presents. Our number one
priority is the health, safety and wellbeing of our employees, customers, partners and the people
around us. Very early on, we established teams, centrally and locally, to monitor the situation, respondquickly and act appropriately, adhering to the advice of governments and local authorities. Specialteams are also in place to minimize the impact on deliveries and service levels to our customers andpartners,” said CEO Eric Rondolat. “As uncertainty remains high and visibility low, prudence iswarranted. We want to make sure that we safeguard our flexibility to react to changes in market
conditions and guarantee the stability of the business. We continue to closely monitor thedevelopment of COVID-19 and to identify additional mitigating actions.”--- END ---For further information, please contact:
Signify Investor Relations
Robin Jansen
Tel: +31 6 1594 4569
E-mail: robin.j.jansen@signify.com
Signify Corporate Communications
Elco van GroningenTel: +31 6 1086 5519
E-mail: elco.van.groningen@signify.com

About Signify
Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lightingfor the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabledservices, deliver business value and transform life in homes, buildings and public spaces. With 2019
sales of EUR 6.2 billion, we have approximately 32,000 employees and are present in over 70 countries.
We unlock the extraordinary potential of light for brighter lives and a better world. We have been
named Industry Leader in the Dow Jones Sustainability Index for three years in a row. News from Signify
is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be foundon the Investor Relations page.
Market Abuse Regulation
This press release contains information within the meaning of Article 7(1) of the EU Market AbuseRegulation.