Disclosure Pursuant to Article 15 of the French Law of 2 May 2007 - AudioValley SA's Share Ownership Structure

Regulatory News:

1. Content

Subsequent to the capital increase without pre-emptive subscription rights launched on 30 June 2020, AudioValley (Paris:ALAVY) (Brussels:ALAVY) issued 1,723,580 ordinary new shares, representing 20% of its capital prior to the transaction and 16.7% thereafter. Accordingly, AudioValley now has a total of 10,341,483 shares, consisting of:

• 10,341,483 ordinary shares.
  
  10,311,918 of these shares carry rights to vote at the General Shareholders’ Meeting and this figure is the denominator used to calculate participation rates.

• 800 bonds convertible into ordinary shares issued on 18 July 2019.
  
  In the event these are converted, a total of 1,454,545 ordinary shares granting the same number of voting rights would be created.

Subsequent to this transaction, AudioValley SA's share capital comes to a total of €22,839,156.

2. For more information

This press release is available on AudioValley SA's website at: https://www.audiovalley.com/en/investors/press-releases/.

An updated overview of AudioValley SA's share-ownership structure is available on the company’s website at: https://www.audiovalley.com/en/investors/capital-structure/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200908005790/en/