Orapi announces that Guy Chifflot, Chairman of the Supervisory Board, has agreed to enter into exclusive negotiations with Groupe Paredes to sell its 2,315,265 Orapi shares (approximately 34.8% of the capital and 50.7% of the voting rights), as well as its 2,242,763 ORA 2 bonds.

The Paredes Group's offer was made at a price per share and ORA 2 of 5.88 euros, representing a premium of 29.2% to Orapi's last share price on June 15, and of 40.3% to the volume-weighted average closing price for the 30 trading sessions prior to that date.

Completion of the block purchase is scheduled for the end of the third quarter of 2023, and remains subject to a number of conditions precedent. It would be followed by a public tender offer for all the shares, followed by a potential squeeze-out.

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