Les Agences de Papa announces the issue of 5 million share warrants for a maximum amount of funds raised of 10 million euros in the event of the company being drawn.

This transaction is part of the Company's plan to transfer its listing to Euronext Growth Paris, which may take place in the near future, subject to the approval of Euronext Paris SA.

The exercise of the warrants and the resulting subscription to new shares in the Company will be at the sole initiative of the Company, and at a subscription price of 2 euros per share (except in the event of adjustment).

The issue and subscription of these share warrants is therefore conditional on the effective transfer of the Company's shares to Euronext Growth Paris, subject to the approval of Euronext Paris.

The issue concerns 5 million share warrants, each giving the right to subscribe to 1 new share in the Company at a fixed price of 2 euros. The conversion ratio is therefore not linked to the share price, and may only be adjusted in the event of a subsequent issue of shares by the Company at a price lower than 2 euros.

The exercise of the warrants and the resulting subscription for new shares in the Company will be at the sole initiative of the Company.

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