Spie batignolles agreed to acquire a 64.11% stake in Compagnie Industrielle et Financière d'Entreprises SA (ENXTPA:INFE) from Tardy family and certain members of the Tardy family group for ?46.9 million on November 7, 2023. Spie batignolles signed an agreement to acquire a 62.88% stake in Compagnie Industrielle et Financière d'Entreprises from Tardy family and certain members of the Tardy family group for ?46.03 million on December 5, 2023. Spie batignolles will acquire stake in Compagnie Industrielle et Financière d'Entreprises at ?61 per share. The consultation with staff representative bodies, the planned operation is subject to authorization from the Competition Authority in France and to the completion by CIFE of several preliminary operations which should result in the exit from the CIFE scope of the real estate division and concession activity, as well as an exceptional cash distribution (AGO Distribution and Cash Distribution) to CIFE shareholders. The completion of the AGO Distribution and the Cash Distribution will be subject to the approval of the shareholders of CIFE called to meet in a combined general meeting on December 18, 2023. The acquisition is expected to complete by January 15 to January 31, 2024. As announced on December 5, 2023, the staff representative bodies of CIFE - ETPO Group met on November 27, 2023, and expressed a positive opinion on the proposed merger with Groupe Spie Batignolles. The Spie Batignolles social and economic committee was informed of this project on November 8, 2023. The completion of the sale of the Control Block was subject to prior authorization from the Competition Authority in France, which was obtained on December 22, 2023, and to the completion of several prior transactions by CIFE, namely a distribution of exceptional cash reserves, a distribution, these operations were carried out on January 17, 2024, Clairfield International France (Lyon) acted as financial advisor to Compagnie Industrielle et Financière d'Entreprises SA

Spie batignolles completed the acquisition of a 62.88% stake in Compagnie Industrielle et Financière d'Entreprises SA (ENXTPA:INFE) from Tardy family and certain members of the Tardy family group on January 22, 2024. The Spie Batignolles Group therefore holds, as of January 22, 2024, 754,537 CIFE shares representing as many voting rights, or 62.88% of the capital and voting rights. It is recalled that Groupe Spie Batignolles will file with the Financial Markets Authority, in the coming weeks, a draft simplified public purchase offer relating to the balance of issued CIFE shares not held, for ?61 per share.