Elis Completes Conversion of 2029 OCEANEs into Shares

Elis, a company based in Puteaux, announced the results of the conversion and exchange period for its €380,000,000 2.25% bonds convertible into new shares and/or exchangeable for existing shares due September 22, 2029 (ISIN FR001400AFJ9) (the “Bonds”).

Bondholders had until October 2, 2026, to validly exercise their Conversion/Exchange Rights in accordance with the Terms and Conditions, at a conversion/exchange ratio of 6,256.8564 Elis shares per Bond. A total of 3,767 Bonds were validly presented for conversion/exchange, representing 99.13% of the 3,800 Bonds outstanding on September 11, 2026. With a par value of €100,000 per Bond, this represents an aggregate nominal amount of €376,700,000.

Applying the Conversion/Exchange Ratio and the rounding provisions of the Terms and Conditions, these exercises will result in the delivery of a total of 23,569,556 Elis shares (ISIN FR0012435121), comprising 18,104,556 existing shares held in treasury and 5,465,000 new shares, representing in aggregate 9.89% of Elis’s share capital following the issuance of the new shares. The share capital of the Company now amounts to EUR 238,313,588, comprising 238,313,588 ordinary shares with a nominal value of EUR 1.00 each. The Company will use existing shares held following the completion of its share buyback program on July 9, 2026, thereby limiting the number of new shares to be issued. Settlement and delivery of the shares will be completed on October 7, 2026.

The remaining 33 Bonds, in respect of which conversion/exchange rights were not validly exercised, will be redeemed in cash on October 13, 2026, at a price of €100,129.45 per Bond, including €129.45 of accrued interest, representing an aggregate redemption amount of €3,304,271.85.

This transaction marks a significant shift in Elis’s capital structure, as the company aims to optimize its share capital and align it with its strategic goals. The conversion of a substantial portion of the Bonds into shares will bolster the company’s share capital, while the redemption of the remaining Bonds in cash will ensure a smooth transition for all stakeholders involved.