ORPEA Announces the Implementation of the Reverse Share Split of Its Outstanding Shares

Regulatory News:

ORPEA S.A. (the “Company”) (Paris:ORP) announces today the implementation of the reverse share split of all outstanding shares of the Company and gives details of the terms of the operation (the "Reverse Share Split").

In accordance with the notice of the Reverse Share Split in the Bulletin des Annonces Légales Obligatoires (BALO) on February 5^th, 2024 and following the announcement of the details and expected timetable of the Reverse Share Split by the Company in the press release dated February 5^th, 2024, the Reverse Share Split will start today in accordance with the terms set out below.

It should be remembered that following settlement-delivery of the share capital increase with shareholders' preferential subscription rights, having been the subject of a prospectus approved by the AMF on January 17^th, 2024 under number 24-006, which took place on February 15^th, 2024, the Company's share capital now amounts to EUR 1,591,917,031.11, divided into 159,191,703,111 ordinary shares with a par value of one euro cent (0.01) each.

The Reverse Share Split will result in the allocation of one (1) new ordinary share to be issued with a par value of ten (10.00) euros (the "New Shares") for one thousand (1,000) existing ordinary shares with a par value of one euro cent (0.01) each (the "Existing Shares"), and the division by one thousand (1,000) of the number of outstanding shares of the Company's share capital as of today, i.e. a total of 159,191,703,111 shares with a par value of one euro cent (0.01) each.

It should be remembered that the Reverse Share Split is a purely technical exchange transaction with no direct impact on the total value of the Company's shares held by each shareholder.

A list of Frequently Asked Questions (FAQ) about the Reverse Share Split is available at the following link.

Definitive terms and conditions of the Reverse Share Split:

• Date of the beginning of the Reverse Share Split: February 20^th, 2024.
• Basis of the Reverse Share Split: exchange of one thousand (1,000) Existing Shares with a par value of one euro cent (0.01) for one (1) New Share with a par value of ten (10.00) euros.
• Number of Existing Shares subject to the Reverse Share Split: 159,191,703,111 shares, each with a par value of 0.01 euros.
• Number of New Shares to be issued as a result of the Reverse Share Split: 159,191,703 shares with a par value of 10 euros each.

• Reverse Share Split exchange period: thirty (30) days from the date of commencement of the Reverse Share Split, i.e. from February 20^th, 2024 to March 21^st, 2024 inclusive.
• Whole shares: the conversion of Existing Shares into New Shares will be carried out automatically (procédure d’office).
• Fractional shares: shareholders who do not hold a number of Existing Shares corresponding to a whole number of New Shares must personally purchase or sell fractional Existing Shares, in order to obtain a number of shares that is a multiple of 1,000, up to and including March 21^st, 2024 inclusive.