ALTUR INVESTISSEMENT (formerly TURENNE INVESTISSEMENT): RECONFIGURATION OF THE COMPLETUDE AND KINOUGARDE CAPITAL AND EFFECTIVE DISPOSAL OF ALTUR INVESTISSEMENT’S HOLDINGS – 12/21/2021 at 6:00 p.m.

Paris, December 21, 2021–

ALTUR INVESTISSEMENT (Euronext – FR0010395681 – ALTUR) announces the effective sale of its stake in the companies SIC and SENEK, lead holding companies of Complétude and Kinougarde.

In a press release dated November 17, 2021, ALTUR INVESTISSEMENT announced the probable sale before the end of the year of its holdings in these leading holding companies, subject to the lifting of two conditions precedent

[1]

. These two conditions having been lifted, the effective completion of these disposals has been made since December 16, 2021.

The sale of interests in the SIC and SENEK holding companies allows ALTUR INVESTISSEMENT to achieve the program objective announced on January 9, 2020 when the ADPRs were issued. This program, which provided for a cumulative amount of disposals of 21.5 million euros in 2020 and 2021, was therefore achieved with this divestment. It is within this framework that ALTUR INVESTISSEMENT carried out, on December 9, 2021, the distribution of an interim dividend.

Hervé Lecat, President and Founder of Complétude et Kinougarde, specifies: “

François Lombard and his teams were there when we needed them. ALTUR INVESTISSEMENT has supported us over the long term with great benevolence and added value. We are pleased that this capital reconfiguration operation has created value for all parties.

”

François Lombard, Manager of ALTUR INVESTISSEMENT, states: “

I am delighted that ALTUR INVESTISSEMENT has been able to participate in this great entrepreneurial adventure, the credit for which goes to its founder, Hervé Lecat, and his management teams, and we hope that the future will give us the opportunity to cross paths again.

”

Bertrand Cavalié, Investment Director of ALTUR INVESTISSEMENT, adds: “

I really enjoyed participating in the development of Complétude et Kinougarde, a great family and heritage mid-sized company. This is the very type of business that ALTUR INVESTISSEMENT likes to support, headed by an exceptional business leader.

”

Next meeting :

January 28, 2022: ANR on December 31, 2021

Portfolio composition

To date, ALTUR INVESTISSEMENT’s financial assets are distributed among 12 companies, 3 FPCIs and 1 secondary portfolio in strategic sectors:

Health

:

• Acropolis
  
  , designer and manufacturer of orthopedic implants for the shoulder, hip and knee;

• Menix,
  
  French leader in orthopedic prostheses and dental implants;

• BIOBank,
  
  French leader in the allografts sector;

• Cousin Biotech,
  
  designer and manufacturer of implantable medical devices in technical textiles;

• FPCI Capital Santé 1
  
  , FPCI managed by Turenne Capital and investing in the health sector;

• FPCI Capital Santé 2
  
  , FPCI managed by Turenne Capital and investing in the healthcare sector.

Other services

:

• Funeral Services of France
  
  , network of funeral agency franchisees and manager of own agencies;

Energetic transition

:

• Sermeta,
  
  world leader in stainless steel heat exchangers for gas condensing boilers;

• Countum
  
  , French leader in industrial and transactional metering of petroleum products.

Specialized distribution

:

• Demarne
  
  , specialist in the import and wholesale of seafood products;

• Log’S,
  
  specialist in e-commerce and retail logistics solutions.

Hotel

:

• Mercure Nice Notre Dame
  
  , establishment of 198 rooms;

• Mercure Lyon Center Château Perrache
  
  , establishment of 120 rooms;

• FPCI Turenne Hôtellerie II,
  
  FPCI managed by Turenne Capital and investing in the hotel sector.

Others :

• Camel,
  
  specialist in sending greeting cards over the Internet;

• Investment Trophy
  
  , portfolio holding equity securities of 3 French SMEs.

Contacts

This press release must not be published, transmitted or distributed, directly or indirectly, in the United States, Canada, Japan or Australia. This press release, and the information it contains, does not constitute an offer to sell or subscribe, nor the solicitation of an order to buy or subscribe, securities in any country other than France.

This material (including any reproduction) may not be broadcast or transmitted in the United States of America, including any branch or agency of a non-US person resident in the United States of America or any other person American. Failure to comply with these restrictions could constitute a violation of United States of America regulations relating to financial instruments (

United States Securities Laws

).

In the United Kingdom, this document is intended only for (i) persons who have professional experience in matters of investments referred to in Article 19 (1) of the financial services and markets act 2000 (financial promotion) order 2001 (l ‘”Order”), (ii) to persons referred to in article 49 (1) (high net worth entities) of the Order, or (iii) to persons who are qualified as intermediary clients within the meaning of chapter 4 of the Code good conduct of the FSA (all of these people being referred to hereinafter as “qualified people”). This document is intended only for these categories of people. Persons who do not meet the definition of qualified persons should not consider or rely on this document or its contents. Distribution of this material in any other country may be subject to legal restrictions, and persons in possession of this material should be aware of and comply with such restrictions. By taking possession of this document you are deemed to agree to be bound by the limitations.

[1]

These conditions were the vote of the resolutions proposed during the general meetings of the companies SIC and SENEK on November 18, 2021 to rule on the repurchase of their own shares by way of capital reduction and the expiration of the deadline for opposition of the creditors.

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