Press release

LEM announces new initiatives for operations in Switzerland
and in Malaysia••••

Changing role of headquarters (HQ) results in loss of 21 jobs in Geneva
New Geneva HQ purpose built for around 250 employees, including R&D
department, to open in 2021
Swiss holding company to transfer from Fribourg to Geneva
Investment in Malaysia production facility to serve customers worldwide from 2021

Fribourg, Switzerland, 23 January 2020 – LEM (SIX: LEHN), a leading global company in electricalmeasurement for industry and automotive applications, announces today a number of initiatives
impacting its Swiss operations, with an evolution of the HQ role and the loss of 21 jobs in Geneva. The
company is also investing in a new global headquarters in Geneva and a new production facility inMalaysia to meet growing customer demand.
Frank Rehfeld, Chief Executive Officer, said: “The investments we are announcing today
demonstrate how LEM is anticipating and adapting to changes in our markets, and the newtechnologies and skill sets we must master to better meet customer requirements. We have thestrength of a diversified global footprint and are making the organization more agile to capture growth
opportunities.
We are pleased to reinforce our commitment to our home city of Geneva, with an investment of aroundCHF 10 million in a new global headquarters that will do justice to the quality and leadership of ourteams. However, the changing role of this HQ does mean some limited job losses in Geneva.
We are also excited by the opportunity to build a new production facility in Malaysia which will provide
flexibility as geopolitical events may impact supply chains for our customers.
I would like to thank the commitment and ingenuity of our 1,500 people across the world; we are proudto develop and recruit the best global talent, working at the forefront of mega trends such as renewableenergy, mobility, automation and digitization.”
Changing role of headquarters
Over the past few years there has been a change in roles for the Geneva HQ based teams, who are
now focused on setting strategy and standards, leading innovation and coordinating all global sites.
The teams in countries such as China, Bulgaria, Japan and France have been empowered with skills
and decision making in R&D, operations, sales and quality control. As part of this process, the company
is making redundant 21 employees in Geneva, mostly in activities such as production support, supply
chain and support functions. Some of these roles will now be performed in other countries. The affected
employees are being accompanied with appropriate care and support. This will result in a one-off
charge of CHF 1.5 million to the company’s results for the current year 2019/20.
New global headquarters situated in Meyrin, Geneva
Based since 1983 in Plan-les-Ouates, Geneva, the global headquarters will be relocated to a newcampus “The Hive” in Meyrin, Geneva, with an expected investment of around CHF 10 million. The
new custom-built 7,000 sqm building will offer a modern work environment, better suited for

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collaboration, with the majority of the space dedicated to R&D and innovation. The campus is alreadyhome to other corporations such as Hewlett Packard, with excellent local amenities and easy accessto car, train and airport networks. The first construction activities are scheduled for February 2020, andcompletion is expected in Q3 2021. This new Geneva site will be home to about 250 employees, outof a total of around 1,500 worldwide.
Simplification of Swiss legal structure
In parallel with the physical changes to the company’s Swiss operations, there are also changes to its
legal structure to reduce complexity and simplify internal processes. This will result in the merger ofLEM International SA and LEM Switzerland SA on 30 June 2020 and the relocation of LEM Holding
SA from Fribourg to Geneva, the latter subject to shareholders’ approval. These changes will not resultin any job losses, but rather the relocation of some staff to Geneva.
New production facility in Malaysia
The company has selected a site in Penang, Malaysia, for a new production facility of 5-10,000 sqm
to meet growing demand from both industry and automobile clients worldwide, with an expected
investment of between CHF 5-10 million. The facility is expected to open in fiscal year 2021/2022,
employing about 50 people in the first year, and then growing to around 250 at full capacity after 5years. This facility complements the company’s existing major production sites in China, Bulgaria andSwitzerland.

LEM – Life Energy Motion
A leading company in electrical measurement, LEM engineers the best solutions for energy andmobility, ensuring that our customers’ systems are optimized, reliable and safe.
Our 1,500 people in over 15 countries transform technology potential into powerful answers. We
develop and recruit the best global talent, working at the forefront of mega trends such as renewableenergy, mobility, automation and digitization.
With innovative electrical solutions, we are helping our customers and society accelerate the transition
to a sustainable future.
Listed on the SIX Swiss Exchange since 1986, the company’s ticker symbol is LEHN.
www.lem.com

Contact: Investment community
Andrea Borla, Chief Financial Officer
Phone: +41 22 706 1250
Email: investor@lem.com
Contact: Media
Cabinet Privé de Conseils s.a. (CPC)
Nick Miles, miles@cpc-pr.com, direct +41 22 552 46 26, mobile +41 79 678 76 26
Michael Füglister, fuglister@cpc-pr.com, direct +41 22 552 46 29, mobile +41 78 839 07 62

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