The majority of shareholders of Technicolor Creative Studios signed tender offer agreement to acquire remaining 5.18% stake in Technicolor Creative Studios for ?2.15 million on October 2, 2023. The offer per share is ?1.63 per share. The tender offer to be initiated by a large majority of shareholders and lenders (holding 94,82% of the capital) acting in concert in view of proceeding to a mandatory squeeze out to achieve delisting of Technicolor Creative Studios S.A. from Euronext Paris. Technicolor Creative Studios' Board of Directors has unanimously recommended that the Company?s shareholders tender their shares to the Offer. As soon as possible following the closing of the Offer the Implementation of the squeeze-out and Delisting of Technicolor Creative Studios shares from Euronext Paris. The Opening of the Offer is on December 14, 2023 and Closing of the Offer is on December 29, 2023.

Sonia Bonnet-Bernard of Associes En Evaluation Et Expertise Financiere SAS acted as fairness opinion provider to Technicolor Creative Studios. Daniel Villey of Viguié Schmidt & Associés acted as legal advisors for Briarwood Capital Partners LP. Adrien Simon, Sébastien Prat, Karine Sultan, Delphine Guillotte, Laetitia Tombarello and Arthur Helfer of Bredin Prat acted as legal advisors for Technicolor Creative Studios in connection with the simplified public tender. Morgan Stanley & Co. International plc acted as financial advisor to Technicolor Creative Studios.