Safran Enters Into a Definitive Agreement With L-1 Identity Solutions for the Purchase of L-1 Biometrics and ID Management Solutions Businesses

PARIS, September 20, 2010 - Safran (NYSE Euronext Paris: SAF) announced today that it has
entered into a definitive agreement with L-1 Identity Solutions (NYSE: ID), a
leading identity management provider in the United States, for Safran to
acquire the operating and holding company of L-1 and its biometric and
enterprise access solutions, secure credentialing solutions and enrollment
services businesses, for a total cash amount of USD 1.09 billion. These
businesses had 2009 revenue of USD 436 million and recorded a backlog of USD
1.1 billion at end of 2009. The transaction would create an industry-leading
provider of solutions for the fast-growing high-tech homeland security market
and generate strong growth in revenue and earnings, while yielding
significant operating synergies.

Prior to this agreement and as a condition to the transaction,
L-1 entered into a definitive agreement to sell its government consulting
services business for USD 295 million to a third party, and therefore this
business would be excluded from the transaction with Safran.

Overview of the transaction

Under the terms of the agreement with L-1, Safran would
acquire 100 % of L-1's shares, with the following characteristics:

    - L-1 shareholders would receive USD 12.00 per L-1 share in
      cash, an implied premium of 31.2 % over L-1's 30-day average closing
      price of USD 9.14 for the period ending on September 17 2010;
    - The estimated Enterprise Value of the business acquired by
      Safran is USD 1.19 billion, taking into account L-1's estimated net
      debt at closing of approximately USD 100 million which includes the
      cash proceeds from the prior sale of the government consulting services
      business;
    - The run-rate operating cost synergies are expected to
      represent approximately USD 30 million, which would be fully realized
      within 18 months from the closing of the transaction;
    - The transaction, thanks to operating synergies, is expected
      to be accretive to Safran's earnings from year one, excluding non cash
      and one-off items and purchase accounting adjustments (PPA);
    - Safran intends to fully finance the acquisition with
      existing cash on hand; and
    - The boards of directors of both L-1 and Safran have
      unanimously approved the transaction.

Creates an industry-leading provider of solutions for hightech
homeland security

Following the closing, Safran intends to operate L-1 as part
of its existing security business, Morpho, in accordance with US national
security regulation, to create an industry-leading provider of solutions for
high tech homeland security. Benefits would include:

    - A highly complementary combination of security technology and products
      that would offer enhanced ID solutions with best-of-class products in
      all their offerings;
    - A combination of the best ID management solutions and
      detection of illicit and dangerous materials providing an offer of the
      highest standards for travel security;
    - A broad geographical fit with balanced operations in around
      40 countries and approximately Euro 1.35 billion in 2009 pro-forma[1]
      revenue (comprised of USD 436 million from L-1's businesses);
    - A combination of outstanding teams, that would share a
      strategic vision and be positioned to address the high growth and
      attractive potential of global biometric and identity management
      requirements; and
    - A combination of deep experience from both firms in serving
      in the United States and elsewhere, with the highest standards of
      quality, high profile public and governmental customers.

Commitment to U.S. stakeholders

With more than 4,000 employees working at 40 locations across
18 states, Safran's sales to U.S. customers represented approximately Euro
2.5 billion in 2009 revenue. It should be noted that CFM International,
founded in 1974, is a company equally-owned by Safran and GE and the most
successful venture in the history of civil aviation. The two companies agreed
in 2008 to extend their cooperation until 2040. Safran is a long standing and
trusted partner, having served for decades a large spectrum of key
contributors to the U.S. economy such as Boeing, Lockheed Martin, as well as
eight out of the ten largest U.S. airlines and notable U.S. government
agencies, including the U.S. Armed Forces (the Army, Navy, Air Force, Marine
Corps and Coast Guard), the FBI, a significant number of law enforcement
organizations and entities in U.S. cities and states, and the U.S.
Transportation Security Administration - among others. L-1 would benefit from
Safran's technology, extended geographical reach, financial and management
capabilities to further assist the company in accelerating the growth of its
strong business in the United States and expansion in global key territories.

This transaction builds on Safran's previous successful
transactions in 2009 in this sector in the

United States: the acquisitions of Motorola's Printrak
biometrics business (merged with Morpho US biometrics activities to become
MorphoTrak) and of GE's Homeland Protection unit[2] (rebranded Morpho
Detection). The combined activities of Morpho and L-1[3] would have generated
2009 pro forma sales to U.S. customers of more than USD 700 million with
around 2,200 employees in the United States.

Following this transaction, Safran would continue to
strengthen the combined R&D teams. In doing so, the companies expect to build
the next generation of excellence in biometrics and ID management and enhance
the combined group's competitiveness in all territories, for the benefit of
customers.

Jean-Paul Herteman, Chief Executive Officer of Safran, said: "I have a
deep respect for L-1's business and its contribution to the security
industry. We are all highly impressed with the quality and expertise of L-1's
teams throughout the United States and we are looking forward to working with
them to bring L-1 and Morpho together. This will allow us to grow L-1's
business, while expanding the reach of L-1's services to other key
territories around the world. With this acquisition, Safran's pro forma 2011
revenues from its security business, focused on detection, biometrics and
identity management is likely to exceed 15% of the Safran's global revenue.
The expected organic growth of these activities should enable the group to
reach its 20% revenue target for its security business swiftly. Furthermore,
this constitutes a significant step in the implementation of Safran's clearly
defined strategy to be a leader in the field of mission critical high tech
tier one players in the group's three businesses: Aerospace, Defence and
Security."

"I am extremely proud of L-1's accomplishments and the role we have
played in the development of multi-modal biometric technologies and in
helping establish the identity management market over the last four years,"
said Robert V. LaPenta, Chairman, President and CEO of L-1 Identity
Solutions. "Safran will provide a strong global reach and a more
comprehensive portfolio of solutions and services in order to leverage the
industry's best set of collective experience and solutions, all to the
benefit of our customers and partners worldwide. Safran's commitment to
furthering the standards of quality and excellence in engineering innovation
will ensure that we can continue to lead the market in developing superior
identity management solutions."

The transaction is subject to L-1' shareholder and regulatory
approvals, including review by the U.S. Antitrust Authorities, the Committee
on Foreign Investment in the United States (CFIUS), as well as the
satisfaction of other customary closing conditions.

RBC Capital Markets Corporation and Societe Generale Corporate
and Investment Banking are acting as joint financial advisors and Weil,
Gotshal, Manges and Kaye Scholer are acting as international legal counsels
to Safran. The Chertoff Group is serving as a strategic advisor to Safran.
The complete terms and conditions of the agreement will be filed with the
U.S. Securities and Exchange Commission.

Safran will host a conference call today open to analysts and
journalists at 9:00 am CET which can be accessed at +33-1-72-00-09-82 from
France, +44-207-107-1613 from the U.K. and

+1-866-907-5923 from the US. A replay will be available at
+33-1-72-00-15-00 (access code 270935#).

The press release and the presentation are available on the
website at www.safran-group.com.

About Safran

Safran is a leading international high-technology group with
three core businesses: Aerospace (propulsion and equipment), Defence and
Security. Operating worldwide, the Safran group has 55,000 employees and
generated sales exceeding 10.4 billion euros in 2009. Working alone or in
partnership, Safran holds world or European leadership positions in its core
markets. The Group invests heavily in Research & Development to meet the
requirements of changing markets, including expenditures of 1.1 billion euros
in 2009. With a market capitalization of approximately USD 10 billion, Safran
is listed on NYSE Euronext Paris and its share is part of the SBF 120 and
Euronext 100 indexes.

For more information: www.safran-group.com

About Morpho

Morpho, a high-technology company in the Safran group, is one
of the world's leading suppliers of identification, detection and e-document
solutions. Morpho is specialized in personal rights and flow management
applications, in particular based on biometrics, a sector in which it is the
world leader, as well as secure terminals and smart cards. In the US, Morpho
develops various biometric technologies for both law enforcement and civil
agencies such as New York State Division of Criminal Justice Services, U.S.
Drug Enforcement Agency, New York Police Department Central Records Division,
FBI Latent Laboratory, FBI Criminal Justice Information Services, U.S. Army
Crime Lab.

For more information: www.morpho.com

About L-1

L-1 Identity Solutions, Inc. (NYSE: ID) protects and secures
personal identities and assets. Its divisions include Biometrics / Enterprise
Access and Secure Credentialing solutions, as well as Enrollment and
Government Consulting services. With the trust and confidence in individual
identities provided by L-1, international governments, federal and state
agencies, law enforcement and commercial businesses can better guard the
public against global terrorism, crime and identity theft fostered by
fraudulent identity. L-1 Identity Solutions has more than 2,200 employees
worldwide and is headquartered in Stamford, CT.

For more information, visit www.L1ID.com

Disclaimers

These documents contain forward-looking statements. All statements other
than statements of historical fact in this presentation, including, without
limitation, those regarding our financial position, business strategy,
management plans and objectives for future operations, are forward-looking
statements. These forward looking statements involve known and unknown risks,
uncertainties and other factors, which may cause our actual results,
performance or achievements, or industry results, to be materially different
from those expressed or implied by these forward-looking statements. These
forward-looking statements are based on numerous assumptions regarding our
present and future business strategies and the environment in which we expect
to operate in the future. Important factors that could cause our actual
results, performance or achievements to differ materially from those in the
forward-looking statements include, among other factors:

    - the cyclical nature of the businesses;
    - the effects of exceptional and unpredictable events;
    - the impact of competition and regulations;
    - fluctuations in exchange rates;
    - our ability to maintain high levels of technology.

Forward-looking statements speak only as of the date of this presentation
and we expressly disclaim any obligation or undertaking to release any update
or revisions to any forward-looking statements in this presentation as a
result of any change in our expectations or any change in events, conditions
or circumstances on which these forward-looking statements are based.

    [1] Safranos security business (including annualized Morpho Detection
        (formerly GE HLP) and MorphoTrak (formerly Printrak) businesses) and
        Laser biometric and enterprise access solutions, secure
        credentialing solutions and enrollment services businesses
    [2] Morpho Detection is co-owned by Safran (81% stake) with GE (19%
        stake)
    [3] Excluding the government consulting services business, to be sold
        prior to the acquisition

Safran: Press: Catherine Malek, +33(0)1-40-60-80-28, catherine.malek at safran.fr; Investor Relations: Pascal Bantegnie, +33(0)1-40-60-80-45, pascal.bantegnie at safran.fr; Antoine-Pierre de Grammont, +33(0)1-40-60-80-47, antoine-pierre.degrammont at safran.fr; Brunswick Group: Press: Jim Wilkinson, +1-415-671-7676, Erin Becker, +1-212-333-3810