WENDEL

Success of the offer to repurchase bonds for a total amount of €90.8 million

PRESS RELEASE - JUNE 19, 2023

Success of the offer to repurchase bonds for a total amount of €90.8 million

Wendel has successfully repurchased its 2026 bond issue under its tender offer for a nominal amount of €90.8 million, i.e. a total amount of €84.3 million (excluding accrued interest) with a spread of 50bps on the mid-swap rate. The remaining outstanding nominal amount will be €209.2 million after the settlement date. The bonds tendered in this transaction will be cancelled.

The 2026 bond is traded on Euronext Paris.

Wendel successfully placed a €300 million bond issue maturing in June 2030 with a coupon of 4.5% last week.

The repurchase of the bonds is conditional upon the effective settlement of this new issue.

Disclaimer

This press release does not constitute an offer, or an invitation to apply for, or an offer or invitation to purchase or subscribe for any securities either in the United States or in any other jurisdiction which may be subject to restrictions. These securities may not be offered or sold in the United States of America unless they are registered or exempt from registration under the US Securities Act of 1933, as amended.

This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”). A prospectus will be prepared and made available to the public, in compliance with the Prospectus Regulation, for the purpose of admitting the bonds to trading on the regulated market of Euronext Paris.

This press release does not constitute an offer of securities in France or in any other country. The bonds are the subject of a private placement in France to qualified investors as defined in Article 2(e) of the Prospectus Regulation and in accordance with Article L.411-2 of the Monetary and Financial Code, and outside France. As of the date of this press release, no prospectus related to the placement of the bonds has been approved by a competent authority of any European Economic Area Member State. Wendel will undertake no action as part of this placement with a view to making an offer to the public (other than to qualified investors) in France or abroad.