MRM // 2021 Universal Registration Document

3

General information on the issuer and its share capital

Information about the share capital

3.1.8 Corporate purpose

The purpose of the Company worldwide is: • primarily, to acquire, build, divide into lots, manage, maintain and outfit any and all property assets with a view to letting them, or to hold directly or indirectly equity interests in corporate entities having the same purpose, subject to tax laws governing partnerships or to corporate income tax;

• secondly, to provide technical, accounting, administrative, financial, marketing or management support services to its subsidiaries. The Company may carry out any transactions compatible with, relating to and helping to fulfil this purpose (Article 3 of the Articles of Association).

3.1.9 Statutory appropriation of earnings

Any shareholders other than natural persons: (i) holding directly or indirectly, at the time any dividend is paid, at least 10% of the dividend rights in the Company; and (ii) whose situation or that of their partners holding directly or indirectly, for the payment of any dividend, at least 10% of their dividend rights, renders the Company liable for the payment of the 20% levy referred to in Article 208 C II ter of the French General Tax Code (the “Tax Levy”) (such shareholders are hereafter referred to as “tax-paying shareholders”) shall be liable to the Company upon payment of any dividend for an amount equivalent to the Tax Levy due by the Company in relation to such payment.” (Article 18 of the Articles of Association).

“Following any appropriation of losses carried forward, 5% shall be deducted from earnings and appropriated to the legal reserve fund. This deduction is no longer mandatory once the reserve fund is equivalent to the legal minimum. Out of the available balance, upon the proposal of the Board of directors or the Management Board (depending on the chosen mode of administration), the General Meeting can appropriate the amounts it deems adequate, either to carry forward to the next financial year or to allot to one or several general or special reserve funds. The balance, if any, shall be distributed among the shareholders as a bonus dividend.

Information about the share capital

3.2

3.2.1 Share capital

As of 31 December 2021, the share capital amounted to €43,667,813, comprising 43,667,813 shares with a par value of €1. As of the date of this Universal Registration Document the share capital stands at €43,667,800. It is made up of 2,183,390 fully paid-up shares of identical class with a par value of €20 each. This change in share capital and in the number of shares follows a capital reduction and the implementation of a reverse stock split. Indeed, the Combined General shareholders’ Meeting of 24 June 2021 authorised, in its seventeenth extraordinary resolution, a reverse stock split of the Company and delegated all powers to the Board of directors to implement the decision for a period of 18 months. A reverse split is a technical adjustment that does not affect either the total amount of the Company’s share capital or the value of the share portfolio

held by shareholders. The aim is to make the share price less volatile, as volatility is higher for shares trading at a level of around €1. During the meeting held on 24 February 2022, the Board of directors decided to implement the reverse split, which resulted in the exchange of 20 existing shares with a par value of €1 for 1 new share with a par value of €20. Prior to the reverse split, in order to obtain a number of shares outstanding which is a multiple of 20, it was also decided to cancel 13 treasury shares through a share capital reduction. On 24 February 2022, the number of existing shares comprising the share capital therefore decreased from 43,667,813 to 43,667,800. The reverse stock split took effect on 20 April 2022, and since that date the share capital has been composed of 2,183,390 new shares with a par value of €20.

40

M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT