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Peugeot Invest communication

Peugeot Invest successfully completes the sale of its remaining stake in SPIE

8 July 2025
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Peugeot Invest announces the successful sale of its remaining shareholding in SPIE, representing 4,250,000 shares, or approximately 2.5% of the company’s share capital as of December 31, 2024.

The placement was carried out through an accelerated bookbuilding process with institutional investors at a price of €45.4 per share, generating total proceeds of approximately €193 million (the “Placement”).

This Placement follows the sale of approximately 2.5% SPIE shares carried out on March 18, 2025.

Following the Placement, Peugeot Invest no longer holds any shares in SPIE.

Since its investment in SPIE in 2017, Peugeot Invest has been supporting the group through a remarkable period of development. Over this period, operating income has doubled, driven by robust structural market dynamics, particularly related to energy transition and the increased digitalization of infrastructure. This performance is also the result of an ambitious external growth strategy combining targeted value-accretive acquisitions with exemplary discipline in integration and execution.

This strategic and operational evolution has led to a substantial increase in the value of the asset for Peugeot Invest, generating nearly €196 million in total value creation on this investment, corresponding a 2x return and a 10% IRR.

Jean-Charles Douin, CEO of Peugeot Invest, commented: "We are proud to have supported the development of the SPIE Group alongside its management team, whose strategic vision and operational discipline we commend. The quality of our partnership fully reflects our ability to identify high-potential investments and pursue a long-term investment strategy. This transaction exemplifies our real agility in seizing opportunities offered by favorable market conditions, as well as our dynamic investment approach to crystallize value in a volatile market environment."

Settlement and delivery of the shares are scheduled for July 10, 2025.

SPIE shares are listed on the Euronext Paris regulated market (ISIN: FR0012757854).

BNP Paribas and Morgan Stanley acted as joint bookrunners for the Placement.

This press release is provided for informational purposes only and does not constitute an offer of securities, and the share Placement is strictly reserved for qualified investors as defined under Article

2(e) of EU Regulation (EU) 2017/1129, but also to international institutional investors, and under Article L.411-2-1° of the French Monetary and Financial Code.

Disclaimer.

Access to the information available in the following pages may be restricted in certain countries by applicable laws and regulations. Persons who are physically located in those jurisdictions and who would like to access the information available in the following pages must inform themselves about and observe such restrictions. Peugeot Invest assumes no responsibility if there is a violation of applicable law and regulations by any person.

With respect to each Member State of the European Economic Area (the “Relevant Member State”) which is subject to the provisions of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the “Prospectus Regulation”), this press release and the information contained herein is directed only at any legal entity which is a qualified investor as defined in the Prospectus Regulation. These restrictions with respect to any Relevant Member State apply in addition to any other restrictions which may be applicable in the Relevant Member State.

This press release and the information contained herein are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States of America (including its territories, the "United States"), Canada, Japan or Australia, and do not constitute, and shall not be construed as, an offer to sell or a solicitation of an offer to purchase or acquire, directly or indirectly, any shares or other securities of Peugeot Invest in the United States, Canada, Japan or Australia or to, or for the account or benefit of, any person resident in the United States, Japan, Canada, Australia including any corporation or other entity organized under the laws of the United States, Japan, Canada or Australia.

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