End of the Class B Share Redemption Period

Transition Takes Another Important Step in the Process of Merging With Arverne Group - Seite 2

Class B Shares held by Transition shareholders who have failed to notify their intermediary of a redemption order during the aforementioned period will not be redeemed by Transition.

The redemption price for a Class B Share is EUR 10.00.

Transition will redeem Class B shares within a period ending no later than the thirtieth (30th) calendar day from the date on which the Merger is completed, or the next business day if that date is not a business day. The Board of Directors will determine the redemption date for the Class B shares and proceed with the redemption within the specified timeframe, and will have the power to delegate such authority in accordance with applicable laws and regulations, after acknowledging that all necessary redemption criteria have been met.

The Class B Shares repurchased by Transition as described above will be cancelled immediately after their redemption through a reduction of Transition's share capital, in accordance with applicable laws and regulations, including Article L. 228-12-1 of the French Commercial Code. The Board of Directors will record the number of Class B shares redeemed and cancelled and make the necessary amendments to Transition's articles of association.

An amount corresponding to the total redemption price of the Class B shares redeemed in this manner will be deducted from the share capital up to the amount mentioned in the previous paragraph. The remainder will be allocated to distributable reserves (as defined in Article L. 232-11 of the French Commercial Code), in accordance with applicable laws and regulations.

Important notice

The distribution of this document may be restricted by law in certain jurisdictions. Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions. This press release is provided for information purposes only. It does not constitute and should not be deemed to constitute an offer to the public of securities, nor a solicitation of the public relating to an offer of any kind whatsoever in any country, including France.

European Economic Area - France

This press release is not a prospectus, but an advertisement provided for information purposes only. It does not constitute and should not be deemed to constitute an offer to the public of securities by Transition, nor a solicitation of the public relating to an offer of any kind whatsoever in any country, including France.