Completion of the acquisition by Kokusai Pulp & Paper of all Antalis shares

Antalis has been informed of the completion of the acquisition by KPP on 21 July 2020 of all Antalis shares held by Sequana at a price of 0.10 euros per share, and of all Antalis shares held by Bpifrance Participations at a price of 0.40 euros per share, representing 83.7% of the share capital of Antalis (based on a share capital of 71,000,000 shares). As a result, KPP has become Antalis’ new majority shareholder with 59,460,094 shares. It should be noted that simultaneously and inseparable from the acquisition, a restructuring agreement for the refinancing of 100 million euros of the outstanding facility amount through a new financing granted by Mizuho Bank, together with a write-off for the remaining amount, was concluded with Antalis’ former lenders. Antalis will also benefit from an intra-group loan of 80 million euros from KPP and potential complementary financing from other Japanese banks, enabling Antalis to pursue its strategic development through internal and external growth. In addition, Antalis will maintain its existing factoring programmes. Simplified cash tender offer – Mandatory squeeze-out In accordance with the provisions of Articles 233-1 and 234-2 of the AMF’s General Regulation, KPP will file a simplified cash tender offer at a price of 0.73 euros per share (the “Offer”) with the Autorité des marchés financiers (AMF) for all Antalis shares not currently held by it, i.e. 11,039,964 shares.