PRESS RELEASE

BIGBEN INTERACTIVE announces that it has secured its bonds exchangeable into shares of NACON through a first ranking security interest as announced initially

PRESS RELEASE
Lesquin, April 9, 2021

This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.

BIGBEN INTERACTIVE (ISIN: FR0000074072) announces that
it has secured its bonds exchangeable into shares of NACON (ISIN : FR0013482791) through a first ranking security interest as announced initially

In the initial terms and conditions of the bonds exchangeable into existing ordinary shares of Nacon S.A. due 2026 (ISIN: FR0014001WC2) (the “Bonds”), Bigben Interactive S.A. (“Bigben” or the “Issuer”) had undertaken that the bondholders would benefit, within a period not exceeding 60 calendar days from February 19, 2021 from a first ranking security interest (nantissement) over a security account on which would be credited existing Nacon shares (the “Pledged Shares”) representing at all times 200% of the number of shares underlying the Bonds.

Bigben announces that on April 9, 2021 it entered into a pledge agreement with BNP Paribas Securities Services (as paying and exchange agent), the masse of bondholders represented by Aether Financial Services and Aether Financial Services as representative of the masse. The statement of pledge (déclaration de nantissement) in relation to the securities account opened in the books of BNP Securities Services (as securities account holder), including the associated cash account opened in the books of BNP Paribas SA (as bank account holder), as well as the certificates of confirmation of pledge (attestation de constitution de nantissement de compte-titres and attestation de constitution de nantissement de compte-espèces associé) have been signed on April 9, 2021.

As of April 9, 2021, 18,187,500 shares of Nacon (the “Shares”) were credited to the securities account, corresponding to 200% of the number of shares underlying the Bonds at such date. Pursuant to the amended terms and conditions of the Bonds (the “Terms and Conditions”), the Issuer undertakes that the number of Shares credited to the securities account will be at least equal to 200% of the number of shares underlying the Bonds (the “Agreed Coverage”) until the Bonds have been reimbursed in full, it being specified that, in the event of exercise by the Issuer of its option to partly deliver Shares and/or a cash amount (a Share Cash Combination Election or a Cash Election, as the case may be, as defined in the Terms and Conditions), the number of Shares, as the case may be, in excess of the Agreed Coverage in respect of the outstanding Bonds will be transferred to the Issuer within 5 business days immediately following the end of the calendar month, in a proportion determined by the calculation agent. The number of Pledged Shares to be credited to the securities account will be adjusted on a regular basis until the Bonds are due depending in particular upon the number of outstanding Bonds, upon the exercise by the bondholders of their exchange right (and of the exercise by the Issuer of its right to deliver Shares and/or a cash amount) or upon adjustments of the exchange price pursuant to the Terms and Conditions.