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    Schneider Electric: Annual Shareholders’ Meeting on April 21, 2008

    Rueil Malmaison - April 22, 2008 – Schneider Electric shareholders met in Annual and Extraordinary Meeting yesterday, primarily to hear the reports of the Management Board and Supervisory Board and approve the financial statements for 2007. The Meeting was chaired by Henri Lachmann, Chairman of the Supervisory Board.

    Jean-Pascal Tricoire, Chairman of the Management Board and CEO, recalled that 2007 was a key year of transformation highlighted by:

    - A significant increase in earnings and acceleration in H2
    - The successful APC integration and turnaround with margin catching up Group level

    Shareholders approved all of the resolutions recommended by the Management Board, which concerned:

    - Approval of the 2007 financial statements,
    - Payment of a net dividend of €3.30 per share, up 10% over the previous year. It will be payable at April 30, 2008,
    - Partial renewal of the Supervisory Board,
    - Election of a member of the Supervisory Board representing employee shareholders,
    - Amendments of the bylaws to comply with the French Commercial Code’s guidelines concerning record date and electronic signature,
    - Financial authorizations given to the Management Board and regulated agreements.

    The quorum was 56.5% and the resolutions were adopted with a majority vote of between 88.2% and 99.9%. The results of the voting are posted on the website www.schneider-electric.com

    The good performances of Schneider Electric are fuelled by two engines for growth: broad exposure in emerging countries and unique positioning in energy efficiency. Thanks to the development of targeted solutions for attractive verticals such as data centres, water treatment and hospitals, the Group now generates close to 60% of its sales in markets supported by healthy growth drivers.

    Assuming current economic conditions, Schneider Electric confirms its targets for organic sales growth of between 6% and 8% and an EBITA margin of 15% for full-year 2008.

    The presentation made to the Shareholders’ Meeting and the video webcast replay is now available:
    click here.

    Schneider Electric half-year financial results and second-quarter sales will be released on August 1, 2008.

    About Schneider Electric
    Schneider Electric, the global specialist in energy management, offers integrated solutions making energy safer, more reliable, more efficient and more productive in the energy & infrastructure, industry, data centres & networks, buildings and residential markets. With sales of 17.3 billion euro in 2007, the company's 120,000 employees in 102 countries help individuals & organisations make the most of their energy.