LAGARDERE (EPA:MMB) - DESCRIPTION OF THE LAGARDERE SA SHARE BUYBACK PROGRAM 2021-2022

Transparency directive : regulatory news

02/07/2021 18:09

PRESS RELEASE RELATING TO REGULATED INFORMATION

Paris, 2 July 2021

        DESCRIPTION OF THE LAGARDERE SA SHARE BUYBACK PROGRAM 2021-2022

Pursuant to Article 241-2 of the AMF General Regulations (Règlement Général
de l'Autorité des marchés financiers) and Article 2 of the Commission
Delegated Regulation (EU) 2016/1052 of 8 March 2016, the purpose of this
description is to present the Company's share buyback program approved by the
general meetings of the Company on 30 June 2021.

1° - Objectives of the 2021-2022 share buyback program

- to maintain a liquid market in the Company's shares via liquidity agreements
  that comply with a code of conduct recognised by the AMF, entered into with
  independent investment services providers;
- to reduce the share capital by cancelling all or some of the shares
  purchased;
- to award free shares to employees and officers of the Company and of entities
  or groups related to it within the meaning of articles L. 225-197-1 et seq.
  of the French Commercial Code;
- to set up any company or group savings scheme (or similar plan) under the
  conditions provided for by law, notably articles L. 3332-1 et seq. of the
  French Labour Code (Code du travail), including by way of awarding the shares
  free of consideration as part of the Company's employer contribution and/or
  in replacement of the discount, in accordance with the applicable laws and
  regulations;
- to award or transfer shares to employees as part of a profit-sharing scheme;
- to allocate shares upon the exercise of share options;
- to award shares to employees and corporate officers of the Company and of
  entities or groups related to it for any other purpose permitted by the
  applicable law and regulations;
- to allocate shares upon the exercise of rights attached to securities that
  give access, by any means whatsoever, to the Company's share capital;
- to hold the shares for subsequent exchange or payment as consideration for
  external growth transactions, a merger, demerger or asset contribution;
- and, more generally, to carry out any other transaction permitted by the
  applicable laws and regulations and, in particular, the market practices
  accepted by the AMF.

2° - Characteristics of the 2021-2022 share buyback program

Maximum amount allocated to the program: EUR 500,000,000

Maximum percentage of the share capital, maximum number and characteristics of
the shares which can be purchased:

10 % of the share capital, i.e., 14,113,328 shares based on the current share
capital.

As of 1 July 2021, the Company holds 1,111,874 treasury shares, representing
0.79 % of its share capital.

The shares may be purchased, sold or otherwise transferred in one or several
transactions at any time - apart from during the blackout periods provided for
in paragraphs b) and c) of article 4.1 of the EU Commission Delegated
Regulation 2016/1052 or during a public tender offer for the Company's shares
- on or off-market or over the counter, by any means permitted under the
applicable laws and regulations, including through block purchases or sales
and the use of derivatives.

Maximum unit purchase price: EUR 40 (the Board of Directors, the latter having
the power to sub-delegate under the conditions provided for by law, having full
powers to adjust this amount to take into account the impact on the share price
of any corporate actions)

3° - Term of the share buyback program

18 months as of the General Meeting of 30 June 2021, i.e., until 30 December
2022.

The present publication is available on the website of the Company
(www.lagardere.com) in the section Shareholders and investors/Regulated
Information.

LAGARDERE SA
French joint-stock company (société anonyme) with a share capital of
EUR860,913,044.60
Divided into 141,133,286 shares of EUR6.10 par value each
Registered office: 4, rue de Presbourg, 75016 Paris, France
Telephone: + 33 (0)1 40 69 16 00
Registered with the Paris Trade and Companies Registry under number 320 366 446
Website: www.lagardere.com

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LAGARDERE (EPA:MMB) - DESCRIPTION OF THE LAGARDERE SA SHARE BUYBACK PROGRAM 2021-2022

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