MRM - 2020 Universal Registration Document

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General information on the issuer and its share capital

Corporate financial statements for the financial year ended 31 December 2020

Implementation of a share buyback programme On 26 June 2020, the Board of directors decided to implement the share buyback programme decided by the Combined General Meeting of shareholders of 26 June 2020 in its eleventh ordinary resolution for an 18-month period. The purpose of the buyback programme is to: • stimulate the trading of M.R.M. securities on the secondary market, or the liquidity of M.R.M. shares via a liquidity contract concluded with an investment services provider in accordance with the ethics charter of the French Financial Markets Association ( Association française des marchés financiers – AMAFI) recognised by regulations in force, bearing in mind that the number of shares taken into account for the aforementioned calculation corresponds to the number of shares acquired minus the amount sold; • retain shares for subsequent payment or exchange purposes in the event of acquisitions; • ensure the hedging of stock option plans and/or free share plans (or similar) reserved for employees and/or corporate officers of the Group, as well as any share allocations under company or group savings plans (or similar plans), employee profit-sharing and/or any other form of allocation of shares to employees and/or corporate officers of the Group; • ensure the hedging of securities giving access to the Company’s shares in accordance with the regulations in force; • cancel all or part of the shares that would be acquired, in accordance with the authorisation granted on 29 May 2019 by the General Meeting in its thirteenth extraordinary resolution. The above goals are presented without prejudice to the actual order in which the authorisation to buy back shares is used, something that would be dependent on needs and opportunities. The maximum number of shares that could be purchased by the Company is capped at 10% of the share capital, adjusted for any potential capital increases or reductions that may take place during the term of the share buyback programme. These share purchases may be made by any means, including via the purchase of blocks of securities, whenever the Board of directors deems it appropriate. The maximum unit price is fixed at €3 per share. In the event of any transactions in the share capital, in particular stock splits, reverse splits and free share allocations, the number of purchasable shares indicated above would be adjusted accordingly by applying a multiplying factor equal to the ratio between the number of shares comprising the share capital prior to the transaction, and the number after the transaction.

The maximum amount that can be invested in the share buyback programme is capped at €13,100,344. As of 31 December 2020, the Company held 45,089 treasury shares. In 2020, under the liquidity agreements entrusted to Invest Securities, 103,781 securities were purchased at an average price of €1.10 per share and 62,978 shares were sold at an average price of €0.96 per share. Free share allocation plan The Combined General Meeting of shareholders of 29 May 2019, in its fourteenth extraordinary resolution, authorised the allocation of free shares to employees and/or certain corporate offcers for a 26-month period. On 26 June 2020 the Board of directors set the terms and conditions for awarding 43,796 free shares to salaried employees. The shares will vest on 26 June 2023 subject to attendance. Taking into account the previous free allocation decided by the Board of directors at its meeting of 29 May 2019, the unavailable reserve account set up for this purpose by deduction from the “Contribution premium” account amounted to €75,791 as of 31 December 2020. Accounting policies and methods (French Commercial Code - Article R.123-196 - 1 and - 2; PCG - French GAAP- Article 531-1/1) The financial statements are prepared in accordance with Articles L.123-12 to L.123-28 of the French Commercial Code, the ANC Regulation on the French GAAP (PCG), and the regulations of the French Accounting regulations Committee (CRC). General accounting conventions were applied in accordance with the principle of prudence and the following basic assumptions: • consistency of accounting methods; • matching principle; • going concern. The recommendations set out in the Professional Guide for companies in the sector have been observed. The financial year covers a period of twelve months from 1 January to 31 December 2020. Accounting items are measured using the historical cost method. The notes or tables provided below form an integral part of the annual financial statements.

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M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT