ORPEA Announces the Details and Expected Timetable of the Reverse Share Split of Its Outstanding Shares

Regulatory News:

ORPEA S.A (Paris:ORP) (the “Company”) announces today the characteristics and expected timetable of the reverse share split of all outstanding shares of the Company (the "Reverse Share Split").

The Reverse Share Split will begin on February 20^th, 2024, following settlement-delivery of the share capital increase with shareholders' preferential subscription rights in an amount (including the issue premium) of EUR 390,019,672.62, by way of issuance of 29,324,787,415 new shares, having been the subject of a prospectus approved by the AMF on January 17^th, 2024 under number 24-006, and the settlement-delivery of which is scheduled for February 15^th, 2024 according to the indicative timetable announced in the press release dated January 18^th, 2024 (the "Rights Issue").

The Chief Executive Officer, using the delegation of authority granted to him by the Company's Board of Directors on January 16^th, 2024, and in accordance with the twenty-fifth (25^th) resolution of the Company's combined General Meeting held on December 22^nd, 2023, has today decided to implement the Reverse Share Split.

The Reverse Share Split will result in the allocation of one (1) new ordinary share to be issued with a par value of ten (10.00) euros (the "New Shares") for one thousand (1,000) existing ordinary shares with a par value of one euro cent (0.01) each (the "Existing Shares"), and the division by one thousand (1,000) of the number of outstanding shares of the Company's share capital at the start date of the Reverse Share Split on February 20^th, 2024, i.e. a total of 159,191,703,111 shares with a par value of 0.01 euro each, taking into account the 29,324,787,415 shares to be issued, according to the indicative timetable, on February 15^th, 2024, as part of the Rights Issue.

The Reverse Share Split is a purely technical exchange transaction with no direct impact on the total value of the Company's shares held by each shareholder.

Main terms and conditions of the Reverse Share Split:

• Date of the beginning of the Reverse Share Split: February 20^th, 2024, subject to completion on that date of the Rights Issue.
• Basis of the Reverse Share Split: exchange of one thousand (1,000) Existing Shares with a par value of one euro cent (0.01) for one (1) New Share with a par value of ten (10.00) euros.
• Number of Existing Shares subject to the Reverse Share Split: 159,191,703,111 shares, each with a par value of 0.01 euros, based on the Company's share capital which, at the start of the Reverse Share Split on February 20^th, 2024, will include the 29,324,787,415 shares to be issued, according to the indicative timetable, on February 15^th, 2024, as part of the Rights Issue.
• Number of New Shares to be issued as a result of the Reverse Share Split: 159,191,703 shares with a par value of 10 euros each, on the basis of the Company's share capital which will include, on the date of commencement of the Reverse Share Split on February 20^th, 2024, the 29,324,787,415 shares to be issued, according to the indicative timetable, on February 15^th, 2024, as part of the Rights Issue.

The final number of Existing Shares subject to the Reverse Share Split and the final number of New Shares to be issued as a result of the Reverse Share Split, after taking into account the 29,324,787,415 shares to be issued in connection with the Rights Issue, will be determined by the Chief Executive Officer no later than the day on which the Reverse Share Split operations begin, and will be published by the Company on its website.