FINATIS: Press release

FINATIS

Société anonyme au capital de 84 852 900 euros

83, rue du Faubourg Saint-Honoré – 75008 Paris

712 039 163 RCS PARIS

Paris, on 12 July 2019

Press release

Euris has informed Finatis of a 15 million euros structured financing arrangement (net of cash collateral) contracted with a financial institution, in the form of prepaid forwards and equity swaps, secured by pledges over 487,500 Finatis shares, i.e. 8.6% of the share capital.

Should this structured financing arrangement be subject to article L. 211-40 of the French Monetary and Financial Code which allows the termination, netting, and exercise of security in spite of the opening of insolvency proceedings (all other effects of such insolvency proceedings remaining applicable), the relevant financial institution would have the option to terminate the arrangement and exercise the relevant share pledges. In this event, Euris’ stake in Finatis would amount to 83.8% of the share capital and voting rights, thereby having no impact on Euris’ control over Finatis.

As of the date hereof, the financial institution has not exercised its pledge and there is no ongoing legal proceeding.

Finatis has not entered into any structured financing arrangement, and it holds 90.5% of the share capital and voting rights of Foncière Euris directly and through its subsidiary Carpinienne de Participations.

It is reminded that all mandatory prepayment provisions included in Finatis’ and Euris’ banking documentations have been frozen for the duration of the safeguard proceedings.

Press contact:

Citigate Dewe Rogerson

Aliénor MIENS 75

Annelot Huijgen 19

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