On 23 September 2026 AB “Novaturas” received a notification from Mr. Neşet Koçkar on the acquisition of voting rights (attached). The threshold that was exceeded – 75%, the reason for exceeding the threshold – acquisition of shares, following implementation of the mandatory tender offer to buy-up the remaining voting shares in AB “Novaturas”.

Aleksejs Kriščuks
CEO
investors@novaturas.lt 

Attachment

OKOTOKS, Alberta, Sept. 23, 2026 (GLOBE NEWSWIRE) — (TSX: MTL) Mullen Group Ltd. (“Mullen Group” and/or the “Corporation“) intends to release its 2026 Third Quarter earnings results on Thursday, October 22, 2026, at 6:00 a.m. ET, and has scheduled a conference call and webcast as follows:

Date:   October 22, 2026
     
Time:   10:00 a.m. ET
     
Pre-Registration:   registration link
     
    Upon registering, you will receive a calendar booking by email with dial in details and a unique PIN. This process will bypass the operator and avoid the queue. Registration will remain open until the end of the conference call.
     
Dial-in:   1-833-752-3592 (for participants in North America)
    1-647-846-8386 (International participants)
     
Webcast:   www.mullen-group.com
     
Replay:   Two weeks until November 5, 2026, by dialing 1-855-669-9658 (Canada/US toll free) or 1-412-317-0088 (International toll), access code 1199750 followed by the pound key.


About Mullen Group Ltd.

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, customs brokerage, warehousing, and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, customs brokerage, and specialized hauling transportation. In addition, our businesses provide a diverse set of specialized services related to the energy, mining, forestry and construction industries in western Canada, including water management, fluid hauling and environmental reclamation. The corporate office provides capital and financial expertise, legal support, technology and systems support, shared services and strategic planning to its independent businesses.

Mullen Group is listed on the Toronto Stock Exchange under the symbol “MTL“. Additional information is available on our website at www.mullen-group.com or on the Corporation’s issuer profile on SEDAR+ at www.sedarplus.ca.

Contact Information

Mr. Murray Mullen – Chair and Senior Executive Officer
Mr. Richard Maloney – President and Senior Operating Officer
Mr. Carson Urlacher – Senior Financial Officer
Ms. Joanna Scott – Senior Corporate Officer
Mr. Lee Hellyer – Senior Commercial Officer

121A – 31 Southridge Drive
Okotoks, Alberta, Canada T1S 2N3
Telephone: 403-995-5200
Fax: 403-995-5296

Amsterdam, September 23, 2026

SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period September 17, 2026 through September 23, 2026.

The repurchases were made under the EUR227 million share repurchase program announced on February 26, 2026 and effective from February 27, 2026. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated on a daily basis) for the period February 27, 2026 through September 23, 2026 can be found in the top half of the table below. Further detailed information regarding both the progress of the share repurchase program and all individual transactions can be accessed via the Investors section of the Company’s website.

Share Repurchase Program    
       
Overall progress Share Repurchase Program:    
         
Total Repurchase Amount   EUR 226,633,158  
Cumulative Repurchase Amount   EUR 130,800,154  
Cumulative Quantity Repurchased   3,857,865  
Cumulative Average Repurchase Price   EUR 33.90  
Start Date     February 27, 2026  
Percentage of program completed as of September 23, 2026 57.71%  
         
Overview of details of last 5 trading days:    
         
Trade Date Quantity Repurchased Average Purchase Price Settlement Amount  
September 17, 2026 24,540 36.5112 EUR 895,985  
September 18, 2026 24,479 36.6022 EUR 895,985  
September 21, 2026 24,543 36.5067 EUR 895,984  
September 22, 2026 24,500 36.0083 EUR 882,203  
September 23, 2026 24,772 36.1688 EUR 895,974  
Total 122,834 EUR 36.36 EUR 4,466,131  

All shares purchased via Euronext Amsterdam, CBOE DXE, Turquoise Europe and or Aquis Europe.

This press release contains information which is to be made publicly available under the Market Abuse Regulation (nr. 596/2014). The information concerns a regular update of the transactions conducted under SBM Offshore’s current share repurchase program, as announced by the Company on February 26, 2026, details of which are available on its website.

Corporate Profile

SBM Offshore is a global leader in deepwater ocean infrastructure, delivering floating production solutions across the full asset lifecycle—from design and construction to installation and operation. Supported by a global team of more than 8,000 professionals, the Company operates a long-term, asset-backed business model that delivers high-availability assets and predictable cash flows. SBM Offshore combines engineering expertise, operational reliability, and selective innovation to support safe, efficient, and lower-carbon energy production, while extending its capabilities into new opportunities across the blue economy.

For further information, please visit our website at www.sbmoffshore.com.

Financial Calendar   Date Year
Third Quarter 2026 Trading Update   November 12 2026
Full Year 2026 Earnings   February 18 2027
Annual General Meeting   April 7 2027
First Quarter 2027 Trading Update   May 5 2027
Half Year 2027 Earnings   August 5 2027

For further information, please contact:

Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager

Mobile: +31 (0) 2 02 36 32 36
E-mail: wouter.holties@sbmoffshore.com
Website: www.sbmoffshore.com

Media Relations

Giampaolo Arghittu
Head of External Relations

Phone: +31 (0) 6 212 62 333 / +39 33 494 79 584
E-mail: giampaolo.arghittu@sbmoffshore.com
Website: www.sbmoffshore.com

Market Abuse Regulation

This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer

Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views, expectations and various assumptions regarding the financial and non-financial position of SBM Offshore N.V., anticipated developments and other factors, and involve known and unknown risks, dependencies and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2025 Annual Report.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore N.V. does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.

Data underpinning certain disclosures – particularly sustainability-related – may be subject to inherent limitations. These limitations include but are not limited to reliance on third party data providers whose data quality, completeness and integrity may differ; the use of estimates and assumptions where actual data is unavailable or incomplete; and dependencies on value chain partners for timely and accurate information provision. Methodologies, standards and regulatory requirements for measuring and reporting information—especially sustainability related information—continue to evolve. As a result, our measurement approaches and reported figures may be refined over time as more accurate, granular or standardized data becomes available. Accordingly, all data, and emissions data in particular, should be interpreted in light of these limitations and the ongoing maturation of sustainability reporting practices across our value chain.

This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half Year Management Report accompanying the Half Year Earnings 2026 report, available on our website Half Year Earnings – SBM Offshore.

Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

“SBM Offshore®“, the SBM logomark, “Fast4Ward®”, and “F4W®” and “Imodco®” are proprietary trade marks owned by SBM Offshore.


1 Based on the EUR/US$ forward exchange rate on February 18, 2026.

Attachment

NEW YORK & NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Priority Technology Holdings, Inc. (NasdaqCM: PRTH) to an investor group led by Thomas Priore, the Company’s Chairman and Chief Executive Officer. Under the terms of the proposed transaction, shareholders of Priority Technology will receive $8.05 in cash for each share of Priority Technology that the

TORONTO, Sept. 23, 2026 (GLOBE NEWSWIRE) — Aecon Group Inc. (TSX: ARE) announced today that it intends to release its third quarter 2026 financial results on Thursday, October 29, 2026 after market close, and has scheduled a live webcast and conference call for 9 a.m. (Eastern Time) on Friday, October 30, 2026.

A live webcast of the conference call can be accessed using this link and will be available at www.aecon.com/InvestorCalendar. Participants can also dial-in to the conference call and pre-register using this link. After registering, an email will be sent, including dial-in details and a unique access code required to join the live call. Please ensure you have registered at least 15 minutes prior to the conference call time.

An accompanying presentation of the third quarter 2026 financial results will also be available after market close on October 29, 2026 at www.aecon.com/investing. For those unable to attend, a replay will be available within one hour following the live webcast and conference call at the same webcast link above.

About Aecon

Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.

For further information: 

Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
ir@aecon.com

Nicole Court
Vice President, Corporate Affairs and Communications
416-297-2600
corpaffairs@aecon.com

Press Release | September 23rd, 2026 – 5.45pm

IN A CHALLENGING ENVIRONMENT, SYNERGIE CONFIRMS THE RESILIENCE OF ITS BUSINESS MODEL AND THE STRENGTH OF ITS GROWTH STRATEGY

Revenue : €1,710.5 million

EBITDA : €61.4 million

Net Profit : €24.5 million

On September 23rd, 2026, the Synergie Board of Directors, chaired by Mr. Victorien Vaney, approved the consolidated half-year financial statements for the period ended June 30th, 2026. The limited review procedures have been completed, and the corresponding report is currently being issued.

In € million H1 2026 H1 2025 Variation %
Revenue 1,710.5 1,583.6 +8.0%
EBITDA (1) 61.4 63.2 -2.8%
Operating Profit 40.0 45.4 -11.8%
Net Profit 24.5 27.2 -10.0%
Net Profit Group Share 24.4 27.2 -10.3%

(1) Current operating profit before depreciation of operating fixed assets and before amortisation and impairment of intangible assets recognised in a business combination.

REVENUE of €3,241 million

SYNERGIE reported first-half revenue of €1,710.5 million, up +8.0% compared to the first half of 2025 (+2.3% at constant scope and exchange rates). This performance reflects the contribution from acquisitions completed in Canada and Switzerland, which generated €89.6 million scope effect, as well as the resilience of the Group’s longstanding operations in an uncertain economic and geopolitical environment. International operations now account for 63.6% of Group revenue, compared with 60.5% in the first half of 2025.

International revenue increased by +13.6% (+4.2% at constant scope and exchange rates), supported both by the contribution from recent acquisitions and by the solid performance of the Group’s established operations. Southern Europe contributed strongly to this growth, with revenue up +10.6%, driven by Italy and Spain. Northern and Eastern Europe recorded growth of +5.6%, supported by the integration of the Swiss business, while activity at constant scope and exchange rates (-3.5%) remained affected by subdued market conditions. Outside Europe, revenue benefited from the integration of Agilus in Canada.

In France, first half revenue amounted to €622.8 million, remaining broadly stable (-0.5%) compared with the first half of 2025. Following growth in the first quarter, activity softened in the second quarter in a market that continues to show mixed trends.

EBITDA

During the first half of 2026, SYNERGIE generated EBITDA of €61.4 million, representing 3.6% of revenue, compared with €63.2 million and 4.0% of revenue in the first half of 2025. In a market environment that remained mixed across geographies, this slight decrease in profitability was mainly attributable to increased competition in certain markets, a 2025 comparison base that included favorable non-recurring items, and the integration of costs and mechanical dilution effect associated with the acquisitions completed in Switzerland and Canada.

Operating profit

Operating profit amounted to €40.0 million, compared to €45.4 million in the first half of 2025, reflecting a slight decline in recurring operating profit to €42.1 million and a net charge of €2.1 million primarily related to acquisitions completed during the period.

Net profit

After accounting for an income tax expense of €16.6 million and net financial income of €1.1 million, consolidated net profit came to €24.5 million.

A Solid Financial Structure

Net cash amounted to €258.5 million. Shareholders’ equity reached €762.3 million, confirming the strength of the Group’s financial structure.

Outlook for H2 2026

Against a backdrop of heightened economic and geopolitical uncertainty, further reinforced by the conflict in the Middle East, SYNERGIE enters the second half of the year with both caution and determination. Supported by the resilience of its business model and the diversification of its activities, the Group remains confident in its ability to pursue its growth trajectory.

The integration of the acquisitions completed in Switzerland and Canada, together with the positive momentum observed across several markets, particularly in Southern Europe, underpins the Group’s outlook for the second half of the year.

Next event

Communication of the third quarter 2026 Revenue on Wednesday, October 21st, 2026, after the stock market closing.

Attachment

LONDON–(BUSINESS WIRE)– #insurance–AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bb” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Fidelidade Moçambique – Companhia de Seguros, S.A. (Fid Moz) (Mozambique). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Fid Moz’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal

Regulated Information

Capital decrease by cancellation of treasury shares

Paris, 23 September 2026

On 17 September 2026, the Board of Directors, upon authorisation of the Extraordinary General Meeting of 27 May 2026, decided to reduce Societe Generale’s share capital on 23 September 2026, by cancellation of 11,636,4391 shares bought-back for cancellation purpose.

The share capital of Societe Generale now amounts to EUR 924,080,290.00, divided into 739,264,232 ordinary shares, with a nominal value of EUR 1.25 each.

Information regarding total amount of voting rights and shares will be updated and available in the section “Monthly reports on total amount of voting rights and shares”.

Press contacts:

Jean-Baptiste Froville _ +33 1 58 98 68 00 _ jean-baptiste.froville@socgen.com  
Fanny Rouby _ +33 1 57 29 11 12 _ fanny.rouby@socgen.com

Societe Generale

Societe Generale is a top-tier European Bank with around 110,000 employees serving 27 million clients in 58 countries across the world. We have been supporting the development of our economies for over 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

  • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
  • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives and structured finance.
  • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens, a global player in sustainable mobility, as well as specialized financing activities.

Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.


1 In accordance with the legal requirement to cancel a maximum of 10% of share capital per 24-month period.

Attachment

THIS PRESS RELEASE MAY NOT BE DISSEMINATED, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE ITS DISTRIBUTION, PUBLICATION OR DISSEMINATION WOULD BE ILLEGAL

The Arnault family group pursues the simplification of its corporate structures.

The Arnault family group is considering, following the merger of Financière Agache into Agache, to merge Agache into Christian Dior and to convert Christian Dior into a limited joint-stock partnership (société en commandite par actions). This conversion would then trigger the filing of a mandatory tender offer (offre publique de retrait) on Christian Dior shares, without implementing a squeeze-out.

Christian Dior minority shareholders would thus have the option:

  • either to remain shareholders alongside the Arnault family group within LVMH’s controlling entity, which would take the corporate name Agache and the legal form of a limited joint-stock partnership;
  • or to benefit from a liquidity option through this tender offer.

Paris, 23 September 2026

The Board of Directors of Christian Dior announces that it has been informed today of a project contemplated by the Arnault family group, comprising three main components:

  • the ongoing simplification of its structures controlling LVMH Moët Hennessy Louis Vuitton (LVMH) through the merger of Financière Agache into Agache, followed by the merger of Agache into Christian Dior;
  • the upholding of a listed company controlling LVMH, adopting the legal form of a limited joint-stock partnership (SCA) through the simultaneous conversion of Christian Dior into a limited joint-stock partnership, to be renamed Agache (hereinafter “Agache SCA”), having as general partners (associés commandités) Agache Commandité and Mr. Bernard Arnault, the latter also retaining the role of managing partner (gérant);
  • as a consequence of this conversion of Christian Dior into an SCA, the filing of a mandatory tender offer (offre publique de retrait – OPR) paid entirely in cash, without implementing a squeeze-out, initiated by the Arnault family group for the Christian Dior shares it does not hold.

The merger and the conversion would be submitted for approval to the governance bodies of the relevant companies, notably an extraordinary general meeting (EGM) of Christian Dior, which would be called upon to vote on these transactions at the end of 2026, subject to obtaining waivers to mandatory tender offers situations on Christian Dior and LVMH to be sought from the French Financial Markets Authority (AMF).

The tender offer would take place in the first quarter of 2027, subject to the clearance of the AMF1, and would not be followed by a squeeze-out. Christian Dior shareholders who would choose not to tender their shares in the tender offer would thus remain shareholders of the listed entity resulting from the merger (Agache SCA) which would bring together the controlling stake in LVMH (aggregating the stakes currently held by Agache, Financière Agache and Christian Dior) as well as the other assets received from Agache.

* * *

1.   Simplification of the LVMH control chain and upholding of a limited joint-stock partnership (SCA) as holding company

To date, Agache owns 100% of Financière Agache, which owns 96.00% of the share capital and 97.10% of the voting rights of Christian Dior and 6.77% of the share capital and 8.49% of the voting rights of LVMH2.

Following the merger of Financière Agache into Agache, it is contemplated that Agache would be merged into Christian Dior, which would simultaneously be converted into a limited joint-stock partnership3 and be renamed Agache.

Upon completion of these transactions, control over LVMH would thus be exercised within a single company, listed on Euronext Paris for over thirty years, in the form of a limited joint-stock partnership, holding a direct stake in LVMH of 49.76% of the share capital and 65.55% of the voting rights, thereby bringing together substantially all of the Arnault family group’s stake in LVMH, which amounts to 50.33% of the share capital and 66.27% of the voting rights4.

The corporate form as limited joint-stock partnership, adopted by the Arnault family in 2022 with the conversion of Agache into an SCA, would thus be maintained in accordance with the Arnault family group’s intention to ensure the continuity of its control over LVMH. Agache Commandité and Mr. Bernard Arnault would retain the status of general partners (associés commandités) of the surviving entity, of which Mr. Bernard Arnault would serve as managing partner (gérant)5.

The information document filed with the AMF, and published one month before the EGM called upon to vote on these transactions, would also specify the governance rules applicable to this new limited joint-stock partnership, Agache SCA, in the context of a listed company, including notably a description of the powers of management (gérance), general partners (associés commandités) and of the Supervisory Board, as well as the rules for appointment, replacement and functioning of management (gérance).

The Supervisory Board of the SCA resulting from the merger would be composed of current members of the Board of Directors of Christian Dior and new external persons including independent members within the meaning of the Afep-Medef Code.

In the context of the merger, the exchange ratio of Agache shares for new Christian Dior shares would be subject to the review of a statutory auditor (commissaire à la fusion) and would be disclosed in the aforementioned information document.

It is contemplated that the conversion of Christian Dior into a limited joint-stock partnership and the merger of Agache would occur simultaneously at the end of December 2026, following approval of these transactions by the extraordinary general meetings of both companies in December 2026.

2.   Tender offer by the Arnault family group for Christian Dior shares, without a squeeze-out

As a consequence of the conversion of Christian Dior into a limited joint-stock partnership, the Arnault family group would be required, in accordance with the AMF General Regulation, to file a tender offer (offre publique de retrait), which would be paid entirely in cash, for all Christian Dior shares it does not hold (excluding treasury shares), representing 2.44% of the share capital as of the date of this press release6.

The Arnault family group intends to propose in the draft offer document, in light of a multi-criteria analysis and the specific characteristics of Christian Dior as a holding company, a price equal to 95% of the net asset value (actif net réévalué) of Christian Dior calculated on a look-through basis from the one-month average of LVMH’s share price. This average and the net asset value would be determined on the day before the price determination date, i.e., five business days before the Christian Dior EGM, which would be held in December 2026 (see illustrative analysis in the Appendix).

An ad hoc committee would be established within the Board of Directors of Christian Dior, and an independent expert would be appointed7 on the recommendation of this committee, with the task of preparing, under the committee’s supervision, a report on the fairness of the financial terms of the offer.

The draft offer would be filed with the AMF immediately following the EGM called upon to approve the conversion of Christian Dior into a limited joint-stock partnership and the simultaneous absorption of Agache in December 2026. The draft response document would then be filed and would include the independent expert’s report as well as the reasoned opinion of the Supervisory Board of Agache SCA8.

The draft offer would then be subject to a clearance decision by the AMF, following which the opening of the offer period would be expected to take place in the first quarter of 2027.

The Arnault family group does not intend to implement a squeeze-out following this liquidity offer. Minority shareholders who so wish would therefore have the opportunity to remain alongside the Arnault family group as shareholders of the listed merged entity, Agache SCA.

* * *

Contact: communication@dior-finance.com

+ 33 1 44 13 26 20

IMPORTANT INFORMATION

This press release has been prepared for information purposes only.

It does not constitute an offer to purchase or a solicitation to sell Christian Dior securities in any country, including France. It is not intended for distribution in any country other than France, except where such distribution is permitted by applicable laws and regulations.

In the event that the tender offer is filed, the documentation relating to the offer, including the terms and conditions of the offer, will be submitted to the AMF, which will assess its compliance with the applicable legal and regulatory provisions. The offer may only be opened once it has been declared compliant by the AMF.

The dissemination, publication or distribution of this press release, as well as the offer and its acceptance, may be subject to specific regulations or restrictions in certain countries. The offer will not be directed to persons subject to such restrictions, either directly or indirectly, and may not be accepted from any country where the offer would be subject to such restrictions. Accordingly, persons in possession of this press release are required to inform themselves about and to observe any local restrictions that may apply. Christian Dior does not accept any liability for any breach of these restrictions by any person.

Appendix

As set out in this press release, the Arnault family group intends to propose in the draft offer a price equal to 95% of the net asset value (actif net réévalué) of Christian Dior calculated on a look-through basis from the one-month average of LVMH’s share price determined on the day before the price determination date. This date would fall five business days before the Christian Dior EGM, which would be held in December 2026.

For purely illustrative purposes, this would have resulted, as of the date of this press release, in a price equal to €469.059 per Christian Dior share, based on a one-month average LVMH’s share price of €423.1810. Theoretical premiums of 21.6% and 12.5% respectively would thus have been implied relative to the one-month and three-month average Christian Dior’s share prices of €385.84 and €417.11 respectively:

Illustrative figures as of September 23, 2026
Average LVMH’s share price – 1 month €423.18
Christian Dior net asset value (actif net réévalué) per share11 €493.74
 
Illustrative price as of the date of the press release9 €469.05
Theoretical premium over closing price as of September 22, 2026 +27.3%
Theoretical premium over 1-month average price +21.6%
Theoretical premium over 3-month average price +12.5%

It is specified that the above analysis is provided for illustrative purposes only and does not in any way prejudge the actual offer price, which may be higher or lower depending on the evolution of LVMH’s share price.

The premiums observed at the time of the offer price determination will depend on the then prevailing market conditions, and may be different from the premiums calculated above as a result of the announcement of the proposed transactions.

This document is a free translation into English of the original French document. It is not a binding document. In the event of a conflict in interpretation, reference should be made to the French version, which is the authentic text.


1 Pursuant to article 231-23 of the AMF’s general regulation.
2 Agache also owns a 0.65% direct stake in Christian Dior and a 0.51% direct stake in LVMH.
3 It is specified that Christian Dior shareholders will first be called upon to vote on the conversion into a public limited liability company (société anonyme) at a first extraordinary general meeting which will be convened in the coming days (insofar as applicable law does not provide for the direct conversion of a European company (société européenne) into a limited joint-stock partnership)
4 As of the date of this press release.
5 It is specified that the financial rights of the general partners (associés commandités) would be identical to those existing in Agache and would therefore be capped at an annual amount of three million euros.
6 To date the market value of this 2.44% stake of the share capital is equal to approximately 1.63 billion euros based on the Christian Dior share closing price as of September 22, 2026.
7 Pursuant to article 261-1, 1° of the AMF’s general regulation.
8 Following the conversion of Christian Dior into a limited joint-stock partnership
9 Price including, as of the date of this press release, the interim dividend of €6.05 per Christian Dior share announced on July 27, 2026 and to be paid on December 3, 2026.
10 Based on the one-month volume-weighted average share price of LVMH on Euronext Paris between August 24 and September 22, 2026 inclusive.
11 Net asset value calculated without discount on a look-through basis based on the one-month volume-weighted average share price of LVMH on Euronext Paris between August 24 and September 22, 2026 inclusive.

Attachment

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