Rallye announced that the Board of Directors held on September 29, 2022, under the chairmanship of Mr. Jean-Charles Naouri, has unanimously appointed, on the recommendation of the Appointments and Compensation Committee, Mr. Alexis Ravalais as Chief Executive Officer of Rallye in place of Mr. Franck Hattab, who is called upon to take on new salaried position within the Euris group. These changes are effective as of September 30, 2022. Mr. Alexis Ravalais keeps his position as Board Member of Rallye.