Altarea SCA (ENXTPA:ALTA) commence share repurchases on February 28, 2021, under the program mandated by the shareholders in the Combined General Meeting held on June 30, 2020. As per the mandate the company is authorized to repurchase up to €100 million worth of shares, representing 10% of its issued share capital such that its holding in treasury does not exceed 10% of its issued share capital at any point of time. The shares will be repurchased at a maximum price of €300 per share. The purpose of the program is to support the liquidity, to increase the rate of return on equity and earnings per share, and/or neutralize the dilutive impact for shareholders of capital increases, allotment of all or some of the shares thus acquired on exercising rights attached to equity securities and/or debt securities giving the right to the award of shares in the company by way of conversion, exercise, redemption, exchange, presentation of a warrant, or any other manner or allocation or assignment or all or some of the shares thus acquired to employees and corporate officers of the company or the group and in particular within the framework of stock option plans (in accordance with Articles L.225-179 et seq. of the French Commercial Code), allocations of bonus shares (in accordance with Articles L.225-197–1et seq. of the French Commercial Code) or as part of a profit-sharing plan or within the framework of a company or group savings plan (or any similar plan) in accordance with the conditions provided by law and applicable regulations or holding and use at a later date by way of payment, exchange within the framework of a merger, demerger or contribution. The share repurchase program will expire after 18 months after the meeting.