Technicolor Creative Studios

Share capital reduction and reverse share split of Technicolor Creative Studios’ shares - Seite 2

REVERSE SHARE SPLIT OF THE COMPANY’S SHARES

The reverse share split will result in the exchange of one hundred (100) existing shares with a par value of one euro cent (€0.01) (the “Existing Shares”) for one (1) new share with a par value of one euro (€1) (a “New Share”).

This reverse stock-split will have no impact on the amount of the Company's share capital, and will result in the division of the number of outstanding shares by one hundred (100).

Terms of the implementation of the reverse share split:

All the terms and conditions of the reverse share split were decided by the Chief Executive Officer on May 30, 2023, in accordance with the Board of Directors' sub-delegation of May 15, 2023, and are detailed in the reverse share split notice published in the Bulletin des Annonces Légales Obligatoires (BALO) on May 31, 2023.

Date of the beginning of the reverse share split: June 16, 2023, subject to completion by this date of the share capital reduction by decreasing the shares’ par value in accordance with the thirteenth resolution of the General Meeting and the settlement-delivery of the new shares issued as part of the share capital increase approved by the fourteenth resolution of the General Meeting.

Basis of the reverse share split: exchange of one hundred (100) Existing Shares with a par value of one euro cent (€0.01) for one (1) New Share with a par value of one euro (€1).

Number of Existing Shares subject to the reverse share split: Two billion five hundred and fifty-one million one hundred and eighty-two thousand two hundred and seventy (2,551,182,270) shares, each with a par value of one euro cent (€0.01). (Subject to the absence of (i) the issuance of stock options and/or free shares by the Company and (ii) the exercise of such stock options).

Number of New Shares to be issued as a result of the reverse share split: Twenty-five million five hundred and eleven thousand eight hundred and twenty-two (25,511,822) shares, each with a par value of one euro (€1). (Subject to the same reservation).

The definitive number of New Shares to be issued as a result of the reverse share split will be recorded by the Board of Directors or by the Chief Executive Officer at the end of the reverse share split.

Exchange period: from June 16, 2023 to July 17, 2023.

Whole securities: the conversion of Existing Shares into New Shares will be carried out according to the automatic procedure (procedure d’office).