WENDEL

Wendel extends its bond debt maturities

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE PRESS RELEASE - JUNE 12, 2023

Wendel extends its bond debt maturities

• Launch of a €300 million 7-year bond issue

• Launch of an offer to repurchase the bond maturing in April 2026 with outstanding principal of €300 million

Wendel is launching today a €300 million issue of 7-year bonds (the "Bond Issue").

Simultaneously and subject to the completion of the Bond Issue, Wendel launches a tender offer to repurchase (“the Repurchase Offer”) the bond bearing interest at 1.375% and maturing in April 2026, with outstanding principal amount: €300 million (ISIN FR0013417128).

When considering allocation of the new Bonds, Wendel may, at its sole and absolute discretion, give preference to those holders who, prior to such allocation, have validly tendered or indicated their firm intention to Wendel or any of the Dealer Managers to tender the existing notes in the context of the Repurchase Offer and subscribe for the new Bonds.

The 2026 bond is traded, and the new 2030 bond will be traded, on the regulated market of Euronext Paris.

These two transactions will enable Wendel to extend its debt maturity profile. Results of the placement of the Bond Issue will be announced by the end of the day and those of the Repurchase Offer will be announced on June 19.

Crédit Agricole CIB, CIC, Mediobanca and Société Générale serve as active bookrunners for the Bond Issue. Credit Agricole CIB and Société Générale serve as Dealer Managers of the tender offer.

Disclaimer

This press release does not constitute an offer, or an invitation to apply for, or an offer or invitation to purchase or subscribe for any securities either in the United States or in any other jurisdiction which may be subject to restrictions. These securities may not be offered or sold in the United States of America unless they are registered or exempt from registration under the US Securities Act of 1933, as amended.

This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”). A prospectus will be prepared and made available to the public, in compliance with the Prospectus Regulation, for the purpose of admitting the bonds to trading on the regulated market of Euronext Paris.