Yes, it will be if it looks vaguely like a spring! All Exclusives were Hydractive... A great system but one with well-known and easily resolvable stock faults...
Don't expect that button to make a huge and obvious difference... It does not 'hard' switch hard or soft modes but adjusts the thresholds at which the Hydractive system chooses to switch from soft to hard and back again under cornering, acceleration and braking...
When you push it in, nothing appears to happen except for a light coming on!
Lots of knowledge on here about Hydractive...
Looks like your welder is soon going to be busy... It's a common place for them to go and the likely reason is a perished/missing rubber bung in the forward part of the rear wheelarch that allows water straight into the sill. This problem is compounded by the rather narrow sill drain slots becoming blocked... They do so very readily...
It's not a hard repair for a competent welder to undertake but do check the integrity of the inner sill and the nearby seat belt anchorage whilst you're there...