CORRECTING and REPLACING

Opening of the Public Tender Offer for the Securities of BALYO

Regulatory News:

This replaces the announcement made at 8:15 AM CET on September 21 due to the following correction: "On 19 October" was replaced by "On 19 September" in the first paragraph

Opening of the Public Tender Offer for the Securities of BALYO

Balyo (Paris:BALYO):

On 19 September 2023, the French Financial Markets Authority, the Autorité des Marchés Financiers (the "AMF") declared the Offer initiated by SVF II STRATEGIC INVESTMENTS AIV LLC for the securities of the Company at a price of EUR 0.85 per Balyo ordinary share, EUR 0.01 per Balyo preferred share and EUR 0.07 per Balyo warrant, to be compliant, and on the same day granted its visa in respect of SVF II STRATEGIC INVESTMENTS AIV LLC’s offer document and Balyo's response document under nos. 23-402 and 23-403 respectively.

The price of EUR 0.85 per Balyo ordinary share represents a premium of:

- 57.4% compared to the last closing price before the announcement of the Offer (as at 12 June 2023)
- 54.3% compared to the weighted average price of the last 30 trading days before this date,
- 48.0% compared to the weighted average price of the last 60 trading days before this date.

The documents setting out information relating, in particular, to the legal, financial and accounting characteristics of SVF II STRATEGIC INVESTMENTS AIV LLC and Balyo were filed with the AMF on 19 September 2023 and published on 20 September 2023 in accordance with Article 231-28 of the AMF General Regulation.

On 20 September 2023, the AMF published a notice announcing the opening of the Offer. The Offer will be open from 21 September 2023 (inclusive) to 25 October 2023 (inclusive). In compliance with applicable regulation, the Offer, if successful, will be reopened following its closing, during the week of 30 October 2023.

On 4 August 2023, having reviewed in particular the work council favourable opinion and recommendation of the ad hoc committee set up by the Company’s Board of Directors, the conclusions of Eight Advisory, appointed as independent expert on 13 June 2023, whose report concludes that the terms of the Offer are fair for the securityholders, and in consideration of its overall review and of the analyses it supervised, Balyo’s Board of Directors issued, unanimously, a positive reasoned opinion on the Offer, considering that the Offer is in the interests of the Company, its securityholders and its employees, and recommend that the Company's securityholders tender their securities to the Offer.