MILIBOO: DESCRIPTION OF THE SHARE BUYBACK PROGRAM – 10/17/2023 at 6:05 p.m.

In accordance with the provisions of delegated regulation n°2016/1052 supplementing European regulation n°596/2014 with technical regulatory standards concerning in particular the conditions applicable to share buyback programs as well as articles 241-1 et seq. of the general regulation of the AMF, this description aims to describe the purposes and terms of the company’s share buyback program. This program will be subject to authorization by the general meeting of October 19, 2023. The prior notice was published in the BALO of September 13, 2023 and the notice of meeting was published in the BALO of October 4, 2023.

1- Distribution by objectives of equity securities held as of October 16, 2023:

Number of securities held directly and indirectly: 55,670 representing 0.80% of the company’s capital.

Number of securities held broken down by objectives:

• Animation of the course through an AMAFI liquidity contract: 27,672

• External growth operations: None

• Coverage of stock purchase options or other employee shareholding system: 27,998

• Coverage of transferable securities giving right to the allocation of shares: None

• Cancellation: None

2- New share buyback program

• Program authorization:
  
  General meeting of October 19, 2023

• Titles concerned
  
  : ordinary actions

• Maximum share of capital for which redemption is authorized
  
  : 10% of the capital (i.e. 693,090 shares to date), it being specified that this limit is assessed on the date of 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.

• The company cannot hold more than 10% of its capital, taking into account the number of shares already held amounting to 55,670 (i.e. 0.80% of the capital), the maximum number of shares that can be purchased will be 637,420 shares (i.e. 9.20% of the capital) unless the securities already held are sold or canceled.

• Maximum purchase price
  
  : 10 euros

• Maximum program amount
  
  : 6,930,900 euros

• Redemption terms
  
  : purchases, sales and transfers may be carried out by any means on the market or over the counter, including by transactions on blocks of securities, it being specified that the resolution proposed to the vote of the shareholders does not limit the part of the program which can be carried out by purchasing blocks of securities.

Goals

:

• ensure the animation of the secondary market or the liquidity of the MILIBOO share through an investment service provider through a liquidity contract in accordance with the practice accepted by the regulations in force,

• retain the purchased shares and subsequently return them for exchange or payment as part of possible external growth operations, it being specified that the shares acquired for this purpose cannot exceed 5% of the company’s capital,

• 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 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 all other forms of allocation of shares to employees and/or agents social group,

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

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

• proceed with the possible cancellation of the shares acquired, subject to the authorization to be granted by the General Meeting of Shareholders of October 19, 2023 in its sixth resolution of an extraordinary nature.

Program duration

: 18 months from the general meeting of October 19, 2023, i.e. until April 19, 2025.

This publication is available on the company’s website: www.miliboo-bourse.com

For any information: [email protected]

ABOUT MILIBOO

Created in 2005, Miliboo is a major player in the design and sale of “designer and trendy” furniture on the Internet, with the particularity of guaranteeing shipping within 24 to 72 hours in France. With more than 2,500 references mainly sold on its site www.miliboo.com and in its three “Milibootik”, physical points of sale located in Paris and Lyon, the company offers complete ranges of furniture for the entire home.

Miliboo controls the entire value chain: conception/design, quality control, logistics tools, marketing and customer relations are internalized. Based in Chavanod (74) and with its own warehouse, Milistock, in Saint-Martin-de-Crau (13), the Company is commercially present in 6 European countries.

Miliboo and its subsidiaries employ more than a hundred employees. The company achieved €42.3 million in turnover during the 2022-23 financial year (closing April 30, 2023). Sales are made mainly in France (86% of turnover) and in Europe (14% of turnover).

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