Maisons du Monde evolves its governance. Françoise Gri appointed as Chairwoman of the Board of Directors

PRESS RELEASE

Governance

Maisons du Monde evolves its governance

Françoise Gri appointed as Chairwoman of the Board of Directors

NANTES – 31 May 2023, 07:00 CET – Maisons du Monde (Euronext Paris: MDM; ISIN: FR0013153541) announces changes within its Board of Directors, which will be subject to shareholder vote at the upcoming Combined General Meeting on 29 June.

The Board of Directors, meeting on 30 May, has decided, upon the recommendation of the Nomination and Compensation Committee, to co-opt Françoise Gri as an independent director succeeding Thierry Falque-Pierrotin following his resignation as director and Chairman of the Board.

The Company will propose to the shareholders to approve this co-optation at the General Meeting on 29 June and to vote for a new mandate until the General Meeting called to approve the financial statements as of 31 December 2026.

Additionally, the Board of Directors also proposed the appointment of three other members to complete the governance of Maisons du Monde:

• François-Melchior de Polignac, Chief Executive Officer of Maisons du Monde.
• Adam Epstein, as non-independent director. Teleios Capital Partners, reference shareholder, has appointed Sylvie Colin as new permanent representative to replace Adam Epstein.
• Majorelle Investments, also reference shareholder, which has appointed Anouck Duranteau-Loeper as its permanent representative.

Lastly, the renewal of the terms of office of two directors, Laure Hauseux and Victor Herrero, whose terms expire at the General Meeting on 29 June 2023, will also be submitted to shareholder vote.

The new Board of Directors will respect gender equality with a majority of independent directors.

In this context of changes in governance, the agreements signed in May 2022 with the two reference shareholders have been adjusted accordingly. A summary of these amendments has been published on the Maisons du Monde website and on the AMF website, in accordance with regulations.

Considering these developments, the Board of Directors reiterated its full support for the Company's strategy and management.

Thierry Falque-Pierrotin commented: "Last March, I presented my resignation for personal reasons, effective at the latest before the Annual General Meeting, while continuing to support the new Chief Executive Officer and allowing the Board to smoothly prepare for my succession. This has been done and I would like to express my grateful thanks to the directors for their strong commitment by my side under my tenure as chairman, during which I provided assistance to the Management and all the teams at Maisons du Monde in a complex macroeconomic environment. I wish Françoise Gri great success in her role as Chairwoman of the Board of Directors.”