CORRECTING and REPLACING

Opening of the Public Tender Offer for the Securities of BALYO - Seite 2

On 4 August 2023, Eight Advisory issued a report concluding that the financial terms of the Offer were fair. The addendum to this report dated 12 September 2023 does not call into question the fairness of the financial terms of the Offer. This addendum was submitted to Balyo's Board of Directors and ad hoc committee on 18 September 2023, who reaffirmed their support for the Offer and its interest for the Company, its employees and its securityholders, particularly in the context of the Company's deteriorating cash position as detailed in the press release of the Company dated 18 September 2023.

If the required conditions are met, the Offeror indicated its intention to implement a squeeze-out procedure pursuant to Articles L. 433-4, II of the French Monetary and Financial Code and 237-1 and seq. of the AMF’s General Regulation.

Information and the documents relating to the Offer are available on the website of Balyo (www.balyo.com) and the AMF (www.amf-france.org).

For further information, a toll-free number has been made available to individual Balyo shareholders in order to respond to any questions regarding the Offer during the opening period: 08 05 38 57 78.

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Next BALYO financial release: 2023 third quarter sales, on 18 October 2023.

About BALYO
Humans around the World deserve enriching and creative jobs. At BALYO, we believe that pallet movements in DC and manufacturing sites should be left to fully autonomous robots. To execute this ambition, BALYO transforms standard forklifts into intelligent robots thanks to its breakthrough Driven by Balyo technology. Our leading geo guidance navigation system enables robots to locate their position and navigate autonomously inside buildings - without the need for any additional infrastructure. To accelerate the material handling market conversion to autonomy, BALYO has entered into two global partnerships with KION (Fenwick-Linde's parent company) and Hyster-Yale Group. A full range of globally available robots has been developed for virtually all traditional warehousing applications; Tractor, Pallet, Stackers, Reach and VNA-robots. BALYO and its subsidiaries in Boston and Singapore serve clients in the Americas, Europe and Asia-Pacific. The company has been listed on EURONEXT since 2017 and its sales revenue reached €24.1 million in 2022. For more information, visit www.balyo.com.