Filing by Concordia of the simplified tender offer for Rothschild & Co.

Further to the announcements made on 6 and 13 February 2023, Rothschild & Co has been informed that Concordia1 has filed a draft simplified tender offer for the shares of Rothschild & Co today with the French stock market authority (Autorite des marches financiers - AMF) at a price of EUR46.6 per share (following the distribution of the ordinary dividend of EUR1.4 per share in May 2023) with a view to requesting the mandatory buyout of minority shareholders and delisting of the company (the 'Offer').

2

The price of EUR46.6 per share will be adjusted to EUR38.6 following the ex-date of the extraordinary

distribution of EUR8 per share which will occur after approval of the Offer by the AMF and before opening of the Offer.

All the regulatory clearances in connection with the Offer have been obtained. The Offer is subject to the clearance of the AMF.

The Supervisory Board of Rothschild & Co will issue its reasoned opinion on the Offer after receiving the independent expert's report3 . The reasoned opinion and the independent expert's report will be included in the draft response document to be filed by Rothschild & Co between fifteen and twenty trading days from the date of the filing of the draft Offer document.

As previously announced on 10 May 2023, Concordia intends to purchase Rothschild & Co shares at EUR46.6 (cum exceptional distribution) between the day following the publication of the Rothschild & Co draft response document and the ex-date of the exceptional distribution (before opening of the Offer), within the limit of a number of shares equal to 30% of the number of shares targeted by the Offer4 (in accordance with the AMF General Regulation).

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