Universal Registration Document 2021

COMMENTAIRES PRÉLIMINAIRES MESSAGE TO TH SHAREHOLDER

(iii) the completion of the refinancing discussions with creditors on terms satisfactory to Technicolor Ex -TCS and TCS and (iv) customary conditions, consultations and regulatory approvals. We are confident that the proposed spin-off and refinancing will allow both companies to thrive as independent businesses, and compete in a more agile manner within their respective sectors. Both entities will have a capital structure that supports their viability, long term ambitions and organic growth to the benefit of their employees, shareholders, customers and suppliers. Ultimately, this will enable each of them to unlock enhanced value for all Technicolor stakeholders. We are excited to be entering this new chapter with you. Your loyalty and support have been and remain key assets for our Group. Together with our team, we are fully committed to making this new phase a success, one of which we can be proud. Thank you for your trust,

With the partial spin-off of TCS, we intend to create two independent market leaders in their respective sectors: • TCS will apply for a listing on the Euronext Paris stock exchange, and will be a global leader in VFX, offering an attractive “pure play” equity story in a market with burgeoning growth. • Technicolor ex -TCS will be the leader in Connected Home devices as it leverages its position in existing and new markets, and in DVD Services as global leader in Disc, with specialty manufacturing and supply chain services driving future growth. As Technicolor shareholders, you will receive TCS shares, while remaining shareholders of Technicolor Ex-TCS. So you will have exposure to two growth stories. Existing lenders will be refunded early, and the financial profile of each company will be significantly de - risked. The refinancing package will include the issuance of €300 million MCN to be converted into Technicolor shares after the vote of Technicolor’s shareholders at the General Meeting approving the spin-off of TCS. The refinancing and the spin-off are expected to be completed by Q3 2022, subject to (i) the shareholders’ approval of the issuance of the MCN, (ii) the shareholders’ approval of the terms of the spin-off,

Anne Bouverot Chairperson of the Board of Directors

Richard Moat Executive Officer

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2021