CBO TERRITORIA: DESCRIPTION OF THE SHARE BUYBACK PROGRAM – 05/02/2024 at 06:00

CBo TERRITORIA

Limited company with capital of €48,242,560.08

Head office: Cour de l’Usine, BP 105, La Mare – 97438 Sainte-Marie (Reunion Island)

452 038 805 RCS Saint-Denis

Sainte-Marie (Reunion Island), May 2, 2024 at 8 a.m.

DESCRIPTION OF THE SHARE BUYBACK PROGRAM

In accordance with the provisions of Article 5 of Regulation 596/2014, Article 2 of Delegated Regulation 2016/1052 and Article 241-2 of the AMF General Regulation, the purpose of this description is to describe the purposes and terms of the company’s share buyback program. This program is subject to authorization by the general meeting of May 2, 2024 within the framework of the fifteenth resolution according to the terms which appear in the prior notice published in BALO n°38 of March 27, 2024 and which has the following characteristics :

• Titles concerned
  
  : ordinary actions

• Maximum share of capital for which redemption is authorized
  
  : 10% of the number of shares making up the capital on the day of the General Meeting, it being specified that this limit is assessed on the date of the repurchases in order to take into account possible capital increase or reduction operations that may take place during the duration of the program. The number of shares taken into account for the calculation of this limit corresponds to the number of shares purchased, deducting the number of shares resold during the duration of the program within the framework of the liquidity objective.

• Maximum purchase price
  
  : The maximum purchase price will be limited to €4.70 per share.

• Maximum program amount
  
  : 17,177,273.30 euros

• Redemption terms:
  
  These share purchases may be made by any means, including through the acquisition of blocks of shares, and at times that the Board of Directors determines. The company reserves the right to use optional mechanisms or derivative instruments within the framework of applicable regulations.

• Goals :
  

• ensure the animation of the secondary market or the liquidity of the CBo Territoria share through an investment service provider through a liquidity contract in accordance with the practice accepted by the regulations, it being specified that in this framework, the number of shares taken into account for the calculation of the above-mentioned limit corresponds to the number of shares purchased, less the number of shares resold,

• retain the purchased shares and subsequently return them in exchange or payment in the context of possible merger, split, contribution or external growth operations,

• ensure coverage of stock option plans and/or free share plans (or similar plans) for the benefit of employees and/or corporate officers of the group, including Interest Groups Economic and related companies, as well as all share allocations under a company or group savings plan (or similar plan), for participation in the company’s results and/or any other forms allocation of shares to employees and/or corporate officers of the group, including Economic Interest Groups and related companies,

• ensure coverage of transferable securities giving right to the allocation of shares in the company within the framework of the regulations in force,

• proceed with the possible cancellation of the acquired shares, in accordance with the authorization granted or to be granted by the Extraordinary General Meeting,

• generally, implement any market practice that may be accepted by the AMF, and more generally, carry out any other transaction in compliance with the regulations in force.

• Program duration:
  
  18 months from the general meeting of May 2, 2024, i.e. until
  
  1
  
  ^er
  
  November 2025.

This publication is available on the company’s website (www.cboterritoria.com).

For any information: Caroline Clapier, Administrative and Financial Director

Telephone: 02 62 53 24 31 – email: [email protected]

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