DERICHEBOURG - Universal registration document 2019-2020

6

Further information Assessment of the 2019/2020 share buyback program

Assessment of the 2019/2020 share buyback program 6.5

to deliver shares when exercising rights attached to securities p providing access to share capital via reimbursement, conversion, exchange,presentationof a warrantor via any other means; to cancel the bought-backshares, under the conditionsstipulatedby p law. The same shareholders’ meeting authorized the Board of Directors to reduce the share capital, in one or more transactions,by cancelingthe shares thus purchased,subject to a maximumof 10% of the share capital per 24-monthperiod; to implement all approved market practices that come to be p recognizedby law or the French securitiesregulator. The Companydid not use this authorizationduring the year. The Company does not hold any treasury shares as at September 30, 2020 and the market value of the portfolioat September 30,2020was zero.

The shareholders’ combined general meeting of January 31, 2020 authorized the Board of Directors to buy back the Company’s shares for up to a maximum of 10% of the share capital, i.e. 16,387,878 shares, at a maximum price of €20 per share. This authorizationwas granted for a period of 18 months, i.e. until July 30, 2021, and mainly for the followingpurposes: to stimulate the market or market liquidity of Derichebourg stock p through a liquidity contract entered into with an investment service provider, in compliancewith the AMAFI ethics charter approved by the AMF, the French securitiesregulator; to grant shares to employees,in accordancewith legal requirements p and generally within the frameworkof a profit sharing or company savingsplan; to purchase shares for subsequent use in exchange or as payment p for acquisitions;

Delivery of shares upon the exercise of rights attaching to securities giving access to the

Stock market activity

Stock options granted Acquisitions

Shares forming the share capital

share capital Cancellation

Total

Position at September 30, 2019

159,397,489

0

0

0

As % of capital

0%

0% 0%

Allocation to stock-options granted other Stock options exercised Purchases

0 0

0 0

0 0 0 0

0 0 0 0

Sales

Cancellations

Position at September 30, 2020

159,397,489

0

0

As % of capital

0%

DERICHEBOURG p 2019/2020 Universal Registration Document 230