Atos Market Update – July 24, 2024 - Seite 2

The sole objective of the accelerated safeguard proceedings, which only involves financial creditors and shareholders, is to implement and obtain a Court approval on the terms of the financial restructuring plan agreed in the Lock-Up Agreement. It only relates to the financial indebtedness of Atos (RCF, TL and bonds) and does not impact suppliers, employees, the governance of the Company, or other claims held by the creditors of the Company or its subsidiaries.

As a reminder, the main features of the financial restructuring plan agreed in the Lock-Up Agreement consist of €1.75 billion of new funding, a debt reduction of at least €3.1 billion and no debt maturing before year-end 2029.

The Company reminds that the implementation of the financial restructuring will result in massive dilution for Atos existing shareholders, who would, if they do not participate in the proposed capital increases, hold less than 0.1% of the share capital.

The opening of the accelerated safeguard proceedings will imply a further downgrade, for technical reasons, of Atos credit rating, which currently stands at CCC-. The Company believes its credit rating should gradually improve after the completion of its financial restructuring and remains confident on its objective to reach a BB credit rating by 2026 year-end.

Strong participation of the Bondholders and to the New Financings

Following its press release dated July 15, 2024, Atos announces that a new syndication period opened to Bondholders⁴ at June 14, 2024, after close of market (the “Record Date”) for subscription to the Bondholders New Financings was successfully closed.

At the close of this syndication period, 67% of Bondholders at the Record Date contributed to the New Secured Financings, which includes:

• Up to €837.5 million commitment in the form of a new bond issue; and
• €75 million in the form of backstop in cash of the Rights Issue.

Participants to the Bondholders New Financings have joined the Lock Up Agreement in support of the Company’s financial restructuring plan.

As mentioned in its press release of 15 July 2024, the New Financings to be provided by the Banks (as detailed below) was fully subscribed at the end of the syndication that closed on 11 July 2024 by a group of Banks that executed the Lock Up Agreement.

This syndication marks the completion of the target New Financings of €1,750 million, allocated between the Banks⁵ and the Bondholders at the Record Date as follows: