Nexity : Sherholders's meeting notice

M E E T I N G N O T I C E 2 0 2 4

THURSDAY, MAY 23, 2024 AT 10 AM

at Chateauform 28 George V, 28 avenue George V - 75008 Paris

Bringing

to cities

CONTENTS

01	MESSAGE FROM THE CHAIRWOMAN
	AND CHIEF EXECUTIVE OFFICER	1
02	HOW TO PARTICIPATE
	IN THE SHAREHOLDERS' MEETING	2
	A. Participation in the Shareholders' Meeting	2
	B. Written questions	4
	C. Requests for inclusion of items or draft resolutions on the agenda	4
	D. Documents made available to shareholders	4
03	AGENDA OF THE COMBINED
	SHAREHOLDERS' MEETING	5
	Ordinary resolutions	5
	Extraordinary resolutions	6
04	OVERVIEW OF ACTIVITY	7
05	PRESENTATION OF THE RESOLUTIONS	10
	Report of the Board of Directors	11
	Annex 1 - Table of financial delegations	36
	Annex 2 - Current composition of the Board of Directors	38
	Annex 3 - Biography of directors whose renewal is submitted
	to the vote at the Shareholders' Meeting	39
	Annex 4 - Biography of directors whose co-option or appointment
	is submitted to the vote at the Shareholders' Meeting	41
	Annex 5 - Table of Nexity's results for the past five fiscal years	42
06	FORM TO REQUEST DOCUMENTS
	AND INFORMATION	43

This document is a free translation into English of the original French Notice of combined shareholders' meeting.

It is not a binding document. In the event of a confli t in interpretation, reference should be made to the French version, which is the authentic text.

01 MESSAGE FROM THE CHAIRWOMAN

AND CHIEF EXECUTIVE OFFICER

Dear Shareholder,

I am looking forward to meeting with you on 23 May 2024 at the Chateauform George V where I will present to you, on behalf of the Board of Directors, Nexity's results for the 2023 fis al year and our plans for the Company in this highly stressed real estate market.

Thanks in particular to its business agility and rigorous management, Nexity was able to achieve its objectives for 2023, and thus outperform the market in a climate of growing crisis that has had an extremely adverse effect on the stock market trajectory of the Company's shares.

The rapid increase in interest rates that began in the second quarter of 2022 had the knock-on effect of a more than 40% decrease in the distribution of home loans, a reduction of over 25% in the purchasing power of individuals and a 40% drop in new home reservations. At the same time, housing starts also continued to decline -24%, as did the volume of building permits granted -23%.

These elements illustrate that the current crisis is unprecedented in terms of its nature, both cyclical and structural, marked by a growing disconnect between the physical need for housing, truly solvent demand, and available supply.

Because we were the first to anticipate the consequences of this crisis, Nexity was the first to react by refocusing its strategic roadmap and taking very proactive decisions to adapt its offering to new market conditions, whilst activating all debt reduction levers to provide the resources for redeployment.

• We accelerated the shift of our real estate offering towards urban regeneration and Serviced real estate.
• We put a stop to our international development and sold our subsidiaries in Portugal and Poland.
• We entered into strategic and financial partnerships for some of our services business lines.
• We took steps to adjust our operational cost base to new market parameters, including the implementation of an employment protection plan.

This included a request for your support through the temporary suspension of dividend payments. Thank you for your contribution to this effort and for your loyalty, which makes us even more determined to succeed.

These strategic choices have allowed Nexity to enter the 2024 fis al year, expected to be a financial low point, in the best possible condition. To accelerate and amplify the upcoming rebound, we are entering a period of transformation, the consequences and main points of which I will explain to you at our Shareholders' Meeting. The results will be a Nexity with reduced debt, a company that is more efficient and more agile because it focuses on the needs of the regions in which it operates. This transformation will enable us to quickly resume a growth trajectory that allows us to reinstate shareholder returns.

I hope to see many of you on 23 May to exercise your rights as shareholders through your questions and your votes, and I would like to thank you, on behalf of all the members of Nexity's Board of Directors, as Chairwoman, for your trust and loyalty to our Company.

Véronique Bédague

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02 HOW TO PARTICIPATE

IN THE SHAREHOLDERS' MEETING

A. PARTICIPATION IN THE SHAREHOLDERS' MEETING

1. Evidence of the right to participate in the Shareholders' Meeting

To have the right to attend or vote by post or by proxy at the Shareholders' Meeting, shareholders must provide evidence of the securities registered in their name or the name of the intermediary registered on their behalf, no later than two working days prior to the date of the Shareholders' Meeting, i.e. at midnight (Paris time) on

21 May 2024:

1. For holders of registered shares, in a pure registered account or an administered registered account; and
2. For holders of bearer shares, registration of the shares in the bearershare accounts held by the authorised intermediary, as evidenced by a shareholding certificate issued by that intermediary.

2. Possible ways of participating in the Shareholders' Meeting

2.1 Physical attendance at the Shareholders' Meeting.

Owners of registered shares who wish to attend the Shareholders' Meeting in person must request an admission card from Uptevia - Shareholders' Meetings Department - 90-110, Esplanade du Général-de-Gaulle - 92931 Paris-La Défense Cedex, Tel: [phone] or present themselves on the day of the Shareholders' Meeting at the dedicated counter with proof of identity.

Owners of bearer shares who wish to attend the Shareholders' Meeting in person must make a request to their authorised intermediary who holds their account, who will provide them with an admission card. However, any bearer shareholder who has not received their admission card two days before the Shareholders' Meeting must ask their financial intermediary to issue a shareholding certifi ate proving their status as a shareholder two working days prior to the date of the Shareholders' Meeting, i.e. at midnight (Paris time) on 21 May 2024.

2.2 If a shareholder is unable to attend this Shareholders' Meeting in person, they may choose one of the following three options:

1°) Assign a proxy to another shareholder, their spouse or civil partner or any other natural or legal person of their choice in accordance with the applicable legal and regulatory provisions;

2°) Send a proxy to the Company without naming a specific representative, in which case a vote will be placed infavour of the resolutions presented or approved by the Board of Directors, and a vote against the adoption of all other draft resolutions; or

3°) Vote by post.

For this meeting, in compliance with the provisions of Article R.225-61 of the French Commercial Code and the Company's Articles of Association, an electronic voting method is available.

1. In the event of a confli t between a proxy vote and a postal vote, the proxy vote will take priority, regardless of when the votes were cast.
2. In accordance with Article R.22-10-28 of the French Commercial Code, any shareholder who voted electronically, sent a proxy or requested an admission card or shareholding certifi ate may sell all or some of his or her shares at any time.

However, if this sale occurs before the second business day preceding the Shareholders' Meeting, i.e. at midnight (Paris time) on 21 May 2024, Nexity will invalidate or modify accordingly, as the case may be, the electronic vote, the proxy, the admission card or the shareholding certifi ate.

Nexity will not take into consideration any sale or other transaction carried out after the second business day preceding the Shareholders' Meeting, i.e. at midnight (Paris time) on 21 May 2024, regardless of the method used.

2 / Nexity / NOTICE OF COMBINED SHAREHOLDERS' MEETING OF MAY 23 2024

3. General rules for voting by proxy or by post

Postal or proxy voting forms shall be sent to shareholders holding pure registered accounts or administered accounts in accordance with legal terms and time limits.

Any bearer shareholder wishing to vote by post may request a postal voting form from the Company (request to be sent for the attention of Stéphanie Le Coq de Kerland) or from Uptevia - Shareholders' Meetings Department - 90-110, Esplanade du Général-de-Gaulle - 92931 Paris-La Défense Cedex, Tel: [phone], no later than six days prior to the date of the Shareholders' Meeting, i.e. 17 May 2024.

To be taken into account, postal voting forms must be received by Uptevia at the aforementioned address (accompanied by the certifi ate of ownership for bearer shareholders) no later than three days prior to the meeting, i.e. 20 May 2024.

Please note that postal voting forms received by Uptevia after this date will not be taken into account.

4. Specific procedures for voting by proxy

The proxy given by a shareholder to be represented at a Shareholders' Meeting is signed by that shareholder and indicates his or her surname, usual first name and address.

The proxy can be revoked in the same way as required to designate a proxy.

Notifi ation of the appointment and revocation of the proxy may also be made electronically as follows:

• For holders of shares in a pure registered account: by sending in an attachment to an email a digital copy of the proxy voting form to the following email address: [e-mail], specifying the name of the Company, the date of the meeting, their surname, first name and address and their Uptevia ID, as well as the surname, first name and address of the proxy being appointed or revoked; and
• For holders of shares in an administered account or bearer shares: by sending in an attachment to an email a digital copy of the proxy voting form to the following email address: [e-mail], for registered shareholders, and to their approved intermediary responsible for the management of their securities account for bearer shareholders, who shall send it to Uptevia, specifying the name of the Company, the date of the meeting, their surname, first name and address and full bank details, as well as the surname, first name and address of the proxy being appointed or revoked.

HOW TO PARTICIPATE IN THE SHAREHOLDERS' MEETING

In order for appointments or revocations of proxies notified by email to be validly taken into account, details of these appointments or revocations must be received no later than the day before the meeting, i.e. at 3:00 p.m. (Paris time) on 22 May 2024.

In application of the above, proxies will not be accepted on the day of the meeting.

Furthermore, only appointments or revocations of proxy representatives can be sent to the above email address. Any other requests or notifi ations relating to another matter cannot be taken into account and/or handled.

5. Procedures for voting online

To encourage participation in the Shareholders' Meeting, shareholders may also send their voting instructions and appoint or revoke a proxy online prior to the Shareholders' Meeting on the VOTACCESS website, in accordance with the following procedures:

For registered shareholders (pure registered account or administered account):

In order to access the dedicated secure website for the Shareholders' Meeting, holders of shares in a pure registered account or an administered account wishing to vote online, request an admission card, or appoint or revoke a proxy online before the Shareholders' Meeting, should log on to the Uptevia shareholder space (https:// www.investor.uptevia.com), enter the username printed in the top right-hand corner of the paper voting form sent to them or on the electronic notice of meeting, and follow the instructions on the screen.

Registered shareholders should note that some of the information needed to log in to the website may be sent by post.

After logging on to their Uptevia shareholder account, holders of registered shares must click on the "Online voting" option to be automatically directed to the VOTACCESS platform, where they can vote, request an admission card, or appoint or revoke a proxy.

For bearer shareholders:

Holders of bearer shares need to contact the institution holding their account to find out whether they are connected to the VOTACCESS Shareholders' Meeting secure dedicated website and, if applicable, whether this access is subject to particular conditions of use.

It is specified that holders of bearer shares can only vote online if the institution holding their account has signed up to the VOTACCESS Shareholders' Meeting secure dedicated website.

If the institution holding the shareholder's account is connected to the VOTACCESS Shareholders' Meeting secure dedicated website, the shareholders need to identify themselves on the internet portal of the institution holding their account using their usual access codes. They then need to click on the icon that appears on the screen corresponding to their actions and follow the instructions given on screen in order to access the VOTACCESS Shareholders' Meeting secure dedicated website.

Nexity / NOTICE OF COMBINED SHAREHOLDERS' MEETING OF MAY 23 2024 / 3

02 HOW TO PARTICIPATE IN THE SHAREHOLDERS' MEETING

The dedicated VOTACCESS secure website will open at 9:00 a.m. (Paris time) on 2 May 2024 for voting ahead of the Shareholders' Meeting.

The option to vote or appoint a proxy online prior to the Shareholders' Meeting will close the day before the

meeting, i.e. at 3:00 p.m. (Paris time) on 22 May 2024. However, shareholders are advised not to wait until the deadline to log in to the website in case of any delays in receiving the information required to log in.

B. WRITTEN QUESTIONS

In accordance with Article R.225-84 of the French Commercial Code, any shareholder may submit written questions to the Chairman of the Board of Directors from the date of this posting. These questions must be sent to the Company's head office, by registered letter with

acknowledgement of receipt or by email to [e-mail] no later than the fourth business day preceding the date of the Shareholders' Meeting, i.e. at midnight (Paris time) on 17 May 2024. They should be accompanied by a shareholding certifi ate.

C. REQUESTS FOR INCLUSION OF ITEMS OR DRAFT RESOLUTIONS ON THE AGENDA

Pursuant to Articles R.225-71 and R.22-10-22 of the French Commercial Code, shareholders meeting the conditions prescribed by law may request the inclusion of items or draft resolutions on the agenda of the Shareholders' Meeting. Requests must be sent to the head office by registered letter with acknowledgement of receipt for the attention of the Chairman of the Board of Directors or by email to [e-mail], so as to be received no later than 29 April 2024. Requests must be accompanied by a shareholding certifi ate.

Requests for inclusion of an item on the agenda must be duly justified. Requests for the inclusion of draft resolutions must be accompanied by the text of the resolutions, which

may be supported by a brief statement of the reasons for the resolution(s). When the draft resolution concerns the presentation of a candidate to the Board of Directors, it must be accompanied by the information provided for in paragraph 5 of Article R.225-83 of the French Commercial Code.

The examination by the Shareholders' Meeting of the draft resolutions submitted by shareholders in accordance with regulatory conditions is subject to the submission by the authors of the request of a new certifi ate justifying the accounting registration of shares as at the second business day preceding the date of the Shareholders' Meeting, i.e. at midnight (Paris time) on 21 May 2024.

D. DOCUMENTS MADE AVAILABLE TO SHAREHOLDERS

Shareholders may obtain, within the time limits and under the conditions set out in Article R.225-88 of the French Commercial Code, the documents provided for in Articles R.225-81 and R.225-83 of the French Commercial Code by simple request sent to the Company's head office or to Uptevia - Shareholders' Meetings Department - 90-110, Esplanade du Général-de-Gaulle - 92931 Paris-La Défense Cedex. The documents referred to in Article L.225-83 of the French Commercial Code will also be made available to shareholders at the Company's registered office

All of the related information and documents referred to in Article R.22-10-23 of the French Commercial Code may also be consulted, no later than 2 May 2024, on the Company's website https://nexity.group/financ , by clicking on "Shareholders" and then "Shareholders' Meetings".

This prior notice will be followed by a Notice of meeting stating any changes made to the agenda following requests for the inclusion of draft resolutions submitted by shareholders or the Social and Economic Committee.

The Board of Directors

4 / Nexity / NOTICE OF COMBINED SHAREHOLDERS' MEETING OF MAY 23 2024

03 AGENDA OF THE COMBINED SHAREHOLDERS' MEETING

ORDINARY RESOLUTIONS

• Approval of the financial statements for the fiscal year ended 31 December 2023 - Approval of non-tax-deductible expenses and charges.
• Allocation of earnings.
• Approval of the consolidated financial statements and of the report on the management of the Group for the fiscal year ended 31 December 2023.
• Statutory Auditors' special report on related-party agreements and commitments, and approval of these agreements.
• Ratification of the co-option of Florence Verzelen as Director, to replace Myriam El Khomri who has resigned.
• Appointment of Enrique Martinez as director, to replace Luce Gendry.
• Renewal of the appointment of Jérôme Grivet as director.
• Renewal of the appointment of Magali Smets as director.
• Appointment of Eddie Belmokhtar to replace Luc Touchet as director representing employee shareholders, in accordance with Article 11, II of the Company's Articles of Association.
• Appointment of Bruno Saldarkhan to replace Luc Touchet as director representing employee shareholders, in accordance with Article 11, II of the Company's Articles of Association.
• Approval of the information mentioned in Section I of Article L.22-10-9 of the French Commercial Code included in the Corporate Governance Report (global ex-post "say on pay").
• Approval of the components of remuneration paid during the fiscal year ended 31 December 2023, or awarded in respect of the same fiscal year, to Véronique Bédague, Chairwoman and Chief Executive Officer.
• Approval of the components of remuneration paid during the fiscal year ended 31 December 2023, or awarded in respect of the same fiscal year, to Jean-Claude Bassien, Deputy Chief Executive Officer.
• Approval of the remuneration policy for directors for the 2024 fiscal year.
• Approval of the remuneration policy for Véronique Bédague, Chairwoman and Chief Executive Officer, for the 2024 fiscal year.
• Approval of the remuneration policy for Jean-Claude Bassien, Deputy Chief Executive Officer, for the 2024 fiscal year.
• Appointment of KPMG AUDIT IS as Statutory Auditor responsible for the certification of sustainability reporting.
• Appointment of MAZARS as Statutory Auditor responsible for the certification of sustainability reporting.
• Authorisation granted to the Board of Directors for the Company to purchase its own shares under the provisions of Article L.22-10-62 of the French Commercial Code, duration of the authorisation, purposes, terms, ceiling.

Nexity / NOTICE OF COMBINED SHAREHOLDERS' MEETING OF MAY 23 2024 / 5

03 AGENDA OF THE COMBINED SHAREHOLDERS' MEETING

EXTRAORDINARY RESOLUTIONS

• Authorisation granted to the Board of Directors to reduce the share capital by cancelling treasury shares under the provisions of Article L.22-10-62 of the French Commercial Code, duration of the authorisation, ceiling.
• Authorisation granted to the Board of Directors to allocate free shares, existing or to be issued, to employees and/or certain company Officers of the Company or related companies, waiver by shareholders of their pre-emptive subscription rights, duration of the authorisation, ceiling, duration of vesting periods, particularly in the event of disability and lock-up.
• Delegation of authority to the Board of Directors to issue Company shares or securities giving access to the share capital of the Company or granting entitlement to debt securities, with preemptive subscription rights, duration of the delegation, maximum nominal amount of the capital increase, ability to offer unsubscribed shares or securities to the public.
• Delegation of authority to the Board of Directors to issue shares or securities giving access to the share capital of the Company or granting entitlement to debt securities, without preemptive subscription rights and by way of a public offering (other than an offering mentioned in 1° of Article L.411-2 of the French Monetary and Financial Code), duration of the delegation, maximum nominal amount of the capital increase, issue price, ability to limit the amount of subscriptions or to allocate unsubscribed shares or securities.
• Delegation of authority to the Board of Directors to issue shares or securities giving access to the share capital of the Company, without preemptive subscription rights and by way of an offering mentioned in 1° of Article L.411-2 of the French Monetary and Financial Code, duration of the delegation, maximum nominal amount of the capital increase, issue price, ability to limit the amount of subscriptions or to allocate unsubscribed shares or securities.
• Authorisation given to the Board of Directors, in connection with capital increases carried out with or without pre-emptive rights for existing shareholders, to increase the amount of the original issue.
• Delegation of authority to the Board of Directors to increase the Company's share capital through the incorporation of reserves, profits and/or premiums or other amounts that may be capitalised, duration of the delegation, maximum nominal amount of the capital increase, treatment of fractional shares.
• Delegation of authority to the Board of Directors to issue shares and/or securities giving access to the Company's share capital, as consideration for contributions of securities as part of a public exchange offer initiated by the Company, duration of the delegation, maximum nominal amount of the capital increase.
• Delegation of all necessary powers, including the authority granted to the Board of Directors to issue shares or securities giving access to the share capital, up to a limit of 10% of the Company's share capital, as consideration for contributions in kind granted to the Company and consisting of equity securities or securities giving access to the share capital, duration of the delegation.
• Delegation of authority to the Board of Directors to increase the Company's share capital by issuing shares or securities giving access to the share capital with cancellation of preemptive subscription rights for members of a company savings plan pursuant to Articles L.3332-18 et seq. of the French Labour Code, duration of the delegation, maximum nominal amount of the capital increase, issue price, ability to award free shares pursuant to Article L.3332-21 of the French Labour Code.
• Total limits on issuing authorisations with or without preemptive subscription rights.
• Delegation of authority to be granted to the Board of Directors to bring the Company's Articles of Association in line with legal and regulatory provisions.
• Powers required to carry out formalities.

6 / Nexity / NOTICE OF COMBINED SHAREHOLDERS' MEETING OF MAY 23 2024

04 OVERVIEW OF ACTIVITY

Nexity en bref

Nexity (1), the leading real estate group in France, operates in planning, development and services for all clients whether individuals, companies, institutions or local authorities.

Through its skills as a developer, urban planner and operator, Nexity affirms its corporate purpose, "Life Together", by creating places that encourage the forging of relationships and by presenting its clients with an unrivalled range of real estate offers on the market thanks to the addition of services to its historical businesses:

DEVELOPMENT

SERVICES

	Individuals		Companies		Institutional clients		Local authorities
•	Apartment blocks	•	Bespoke offices	•	Office building	•	Large urban projects
•	Social housing	•	Newly-constructed speculative	•	Social, intermediate		and mixed-used programmes
•	Senior residences, students,		office building (without buyer	•	or free housing	•	Refurbishment of assets
	Co-living, tourism, etc.		at the start of works)	Serviced residences		in city-entrances and city-centres
•	Single-family houses	•	Refurbishment	•	Mixed-used programmes	•	Ground-floor retail
• Rehabilitation of residential assets	•	Ground-floor retail	•	Etc.	•	Public buildings
•	Etc.	•	Coworking spaces			•	Brownfields transformation
		•	Etc.			•	Etc.
•	Condominium management	•	Real estate consulting	•	Advisory services & financial	•	Advisory services / PMA
•	Rental management		and support in changing		structuring	•	Interior design
• Real estate transactions (Bien'ici)		working methods	•	Land sourcing and acquisition	•	Building services management
•	Consulting / wealth management	•	Interior design	•	Asset performance management		platform
• Real estate research platform	•	Property Management	•	Asset management arbitration	•	Etc.
	(Bien'ici)	•	Digital asset management	•	Etc.
• Credit brokerage and Real estate	•	Digital management of the building
	insurance	•	Hospitality and reception
•	Consulting and monitoring	•	Access to coworking, micro-coworking,
•	of energy renovation		co-meeting and corporate-working
Interior design		spaces
•	Residential property management	•	Office marketplace
• Managed residential real estate:	•	Professional services
	student residences, serviced properties	•	Etc.

• Services to residents (concierge services, home automation, etc.)
• Services related to real estate
• Etc.

Across all of its activities, Nexity is among the leaders where it operates, as a developer, planner and service provider.

By applying this corporate purpose from 2021 onwards, Nexity is collectively affirming this responsibility and giving a shared meaning to its work, beyond the diversity of its business lines. The "Life Together" corporate purpose is a new step forward in the continuity of its story. Since the creation of Nexity, it has been the driving force behind its daily actions and all employees are deeply committed to it.

1)Hereinafter also referred to as "the Company" or "the Group".

The commitment pillars of the purpose defined in 2021 are broken down into five short- and medium-term programmes and correspond to concrete commitments whose implementation or actual achievement is monitored through quantitative or qualitative indicators, depending on the case:

• Acting in unison to tackle environmental challenges;
• Working towards an inclusive and supportive city;
• Shaping real estate with new ways of living and working;
• Putting the customer at the heart of real estate; and
• Enriching the Nexity collective with diversity in all its forms.

Nexity / NOTICE OF COMBINED SHAREHOLDERS' MEETING OF MAY 23 2024 / 7

04 OVERVIEW OF ACTIVITY

2023 Group performance

Business activity - Nexity beats the market

• New home reservations down 19% by volume - amid a market that shrank by 26% over one year and by 41% over two years
• Continued strong growth in managed real estate, with revenue up 25%

Financial results in line with objectives:

• Revenue of €4.3 billion
• operating profit of €246 million
• Net debt: €776 million (down €43 million vs 2022)
• Solid liquidity: €882 million in cash flow and undrawn credit facility of €630 million

2023: A busy year for refocusing the Group's roadmap

• Pivoting towards urban regeneration:
• • First market deal with Carrefour and creation of the property joint venture. Expected revenue at termination: >€2 billion over 10 years
• Launch of Nexity Héritage and land banking solution with Mirabaud AM
• Deleveraging levers initiated:
• • Disposal of international activities (Poland and Portugal)
  • Search for strategic and financial partners in the management and distribution businesses

2024: A year of far-reaching transformation

• Finalisation of the sale of Property Management for Individuals business to Bridgepoint for an enterprise value of €440 million, concerning ~3,100 employees
• ongoing process to seek out strategic and financial partnerships
• Accelerating the shift in the Group's business model towards that of an urban operator:
• • Implementing far-reaching organisational transformation based around a regional, multi-product offering and ramping up the Serviced Properties business
  • Adjusting the workforce in keeping with new market parameters and changes in scope
  • In view of its adaptation and transformation, the Group has decided to initiate in the coming weeks an information and consultation process with
    employee representative bodies before implementing a redundancy plan (PSE in French). As such, the Board proposes that the dividend in respect of financial year 2023 be suspended (1)
• Improved profitability from 2025, and as a result, maximum net debt of €500 million at year-end 2025
• Dividend policy consistent with the context and reviewed annually in light of free cash flow
• Forecast for 2024:
• • Operating profit to remain positive while reaching a low point, taking into account gains on disposals, the costs of adjusting supply to new market conditions and costs relating to the Group's reorganisation, paving the way for a rebound in 2025
  • Net financial debt considerably lower than at the end of 2023

1)Board proposal subject to approval at the Shareholders' Meeting of 23 May 2024

8 / Nexity / NOTICE OF COMBINED SHAREHOLDERS' MEETING OF MAY 23 2024