LUCIBEL: LUCIBEL RAISES EUR 1.95 M THROUGH CAPITAL INCREASE TO SUPPORT ITS DEVELOPMENT – 05/21/2024 at 9:15 p.m.

• Overall demand of €1.95 million, representing 90.66% of the initial offer
  

• Capital increase by issuing 4,534,667 new shares at a price of €0.43
  

• Settlement-delivery and listing of new shares from May 24, 2024
  

Lucibel,

a leading player in light technologies, announces the result of its capital increase with maintenance of shareholders’ preferential subscription rights (DPS) for a total amount of €1.95 million which took place from May 3 to 17 2024 (the “

Operation

“).

Frédéric Granotier, founding president and CEO of Lucibel commented:

“I thank existing shareholders as well as new shareholders for their commitment and trust during this operation. This capital increase strengthens our balance sheet and increases our agility in achieving our strategic objectives. »

Following this capital increase with maintenance of the preferential subscription rights, Lucibel now has new financial resources to:

• Strengthen the financial structure of the Company
  
  by allowing it in particular to extend its debt reduction trajectory, initiated since 2
  
  ^n/a
  
  semester 2022:

• Accelerate the Company’s expansion in its two high-margin strategic verticals
  
  Cosmetic Light and Scenographic Light, allowing in particular:

• to finance a multi-channel strategy for promoting its cosmetic products through light as part of the expansion of its commercial offering and the announced expansion of its geographic footprint (Middle East, United States);

• to finance the technical developments necessary to conquer niche markets (luxury boutiques, prestigious hospitality, fashion, jewelry) located as a natural extension of its museographic scenography activity;

• to finance the need for working capital generated by the multiplication of “Special Projects” for clients with high requirements at the intersection of the worlds of luxury, art and beauty.

MAIN FEATURES OF THE OPERATION

The capital increase with maintenance of preferential subscription rights was the subject of a global request for 4,534,667 shares at a unit price of €0.43, i.e. a total amount of €1,949,906.81, representing nearly of 90.66% of the initial amount of the Operation.

• The demand for irreducible shares amounted to 899,219 shares

• The demand for shares on a reducible basis stood at 3,315,072 shares

• The demand for shares within the framework of the free subscription, including the free subscription commitment, stood at 320,376 shares.

As a reminder, a minority shareholder holding approximately 5% of the Company’s capital had undertaken to subscribe on an irreducible and reducible basis for a maximum of €1.5M, or 69.74% of the initial capital increase.

At the same time, Maïtice Gestion had undertaken to invest freely for a maximum amount of €100,000 in the event that the new shares had not been subscribed to 100% on an irreducible and reducible basis.

The subscription commitments of the minority shareholder and Maïtice Gestion were fully met, for a total of 3,720,931 new shares, representing an amount of €1.6 million.

Consequently, the capital increase is carried out by the issue of 4,534,667 new shares at a price of €0.43, i.e. a gross amount of €1,949,906.81, representing 90.66% of the initial Offer. .

CASH HORIZON

Taking into account the cash available at the end of 2023, the net proceeds from this Operation allow the company to have a cash horizon of more than twelve months.

CAPITAL ALLOCATION

At the end of settlement-delivery, which will take place on May 24, 2024, the share capital of Lucibel will be made up of 24,542,041 shares, distributed as follows:

The new shares will be the subject of a request for admission to trading on Euronext Growth® in Paris on the same day, on the same listing line as the existing shares (ISIN code: FR0011884378 – mnemonic code: ALUCI).

DILUTION

Impact of the issue on consolidated shareholders’ equity per share

*: based on an amount of consolidated equity of €0.4M as of 12/31/2023

**: As of the date of this press release, there are 3,646,500 BSPCEs and 342,000 free shares not definitively allocated in circulation.

Impact of the issue on the shareholder’s situation

**: As of the date of this press release, there are 3,646,500 BSPCEs and 342,000 free shares not definitively allocated in circulation.

LEGAL FRAMEWORK OF THE OFFER

Making use of the delegation conferred by the 9th resolution adopted by the Combined General Meeting of shareholders of June 15, 2022, the Board of Directors of Lucibel, during its meeting of April 23, 2024, approved the principle of an increase in capital carried out with maintenance of the DPS and has subdelegated all powers to the Managing Director to proceed with the launch of the issue and to definitively decide on all the conditions. On April 23, 2024, the Chief Executive Officer decided to implement the subdelegation and proceed with the launch of the capital increase.

WARNING

Pursuant to the provisions of article L.411-2-1 1° of the Monetary and Financial Code and article 211-2 of the General Regulations of the Financial Markets Authority (the “AMF”), the Capital Increase does not give rise to a prospectus subject to approval by the AMF to the extent that the total amount of the offer calculated over a period of twelve months does not exceed €8M.

A notice to shareholders relating to this transaction was published on April 26, 2024 in the Bulletin des Annonces Légales et Obligatoires (BALO).

Partners of the operation: EUROLAND CORPORATE

About Lucibel

Founded in 2009 by Frédéric Granotier, LUCIBEL is a French company specializing in lighting technologies. The company designs, develops and manufactures lighting applications and devices for the worlds of luxury, art and beauty. The Group’s expertise is deployed in two verticals of excellence: scenographic lighting, serving distinctive experiences, and cosmetic lighting, serving beauty and well-being. An innovation company, LUCIBEL dedicates around 20% of its workforce to Research & Development. Based in Barentin, in the Rouen region, the Group has two production sites, both located in France.

www.lucibel.com www.lucibelparis.com

Contact Lucibel – Shareholder relations

Séverine Jacquet – Financial Director

[email protected] / +33 (0)1 80 03 16 70

Press Contact

Thomas Mollier

[email protected] / +33 (0)6 75 76 36 60

Florian Langlais

[email protected] / +33 (0)6 38 44 72 20

Warning

This press release does not constitute and cannot be considered as constituting an offer to the public or an offer to purchase or as intended to solicit the interest of the public with a view to a transaction by public offer. No communication or information relating to this operation or to the Lucibel company may be disseminated to the public in a country in which any registration or approval obligation must be met. No action has been taken (nor will be taken) in any country in which such action would be required. The purchase of Lucibel shares may be subject to specific legal or regulatory restrictions in certain countries. The Lucibel company assumes no liability for any violation by any person of these restrictions.

This press release constitutes a promotional communication and not a prospectus within the meaning of Regulation (EU) No. 2017/1129 of the European Parliament and of the Council of June 14, 2017 (the “

Prospectus Regulations

“). In France, a public offering of securities can only take place under a prospectus approved by the AMF. With regard to the Member States of the European Economic Area other than France (the “Member States”), no action has been taken or will be taken to allow a public offering of securities making it necessary to publication of a prospectus in one of these Member States. Consequently, the transferable securities cannot and will not be offered in any Member State (other than France), except in accordance with the exemptions provided for in Article 1(4) of the Prospectus Regulation, or in other cases requiring not the publication by the company Lucibel of a prospectus under the Prospectus Regulation and/or the regulations applicable in these Member States. This press release does not constitute an offer of securities to the public in the United Kingdom. This press release does not constitute an offer of securities or any solicitation to purchase or subscribe for securities in the United States or in any other country (other than France). Securities may only be offered, subscribed for or sold in the United States following registration under the US Securities Act of 1933, as amended (the “US Securities Act”), or pursuant to an exemption from this registration obligation. Lucibel’s shares have not been and will not be registered under the US Securities Act and Lucibel does not intend to make any public offering of its securities in the United States.

This press release and the information it contains do not constitute a solicitation of a purchase or subscription order for transferable securities in France or in countries other than France.

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