Consensus at 26 April 2018

The consensus is composed of the forecasts of analysts who follow Thales results on a regular basis. The following broking firms contributed to the consensus at 26 April 2018 shown hereafter: Agency Partner, Bank of America Merrill-Lynch, CM-CIC, Credit Suisse, Exane, Goldman Sachs, Kepler Cheuvreux, Natixis, Oddo Securities, Raymond James, Redburn and UBS.

This information was collected between 13 and 24 April 2018 directly from the sell-side analysts. It is provided by Thales solely for information purposes and may not be necessarily complete. Its publication by Thales shall under no circumstances be regarded as a validation or approval by Thales of all or part of these forecasts. It does not represent the opinions, forecasts or forward-looking statements of Thales, or of its management. In consequence, Thales cannot be held responsible for any of the information, statement or data contained in or omitted from this table.
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This information does not constitute an incitement to purchase or sell shares or to undertake any type of transaction in Thales shares. We invite all investors to consult with their financial intermediary or advisor.

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