Clariane and Crédit Agricole Assurances Sign a Real-estate Partnership, in Line With the Refinancing Plan Announced on 14 November 2023

PARIS--(BUSINESS WIRE)--Regulatory News:

Clariane (CLARIA.PA - ISIN FR0010386334) (Paris:CLARI), today announces the signature of one real-estate partnership with Crédit Agricole Assurances, for an amount of 140 million euros. This transaction Is part of the refinancing plan announced on 14 November.

This real-estate partnership involves 19 French assets representing a gross asset value of €268 million, excluding transfer duties. Crédit Agricole Assurances has subscribed for 140 million euros worth of bonds issued by the Group's real-estate subsidiary (SPV), which holds these assets and is redeemable in shares of the SPV, with a 7-year maturity and a fixed coupon of 10.5%.

In addition, Clariane and Crédit Agricole Assurances are continuing negotiations on a second real estate partnership, for an amount of 90 million euros involving assets in the United Kingdom. This second partnership is expected to be signed by the end of 2023.

Sophie Boissard, Chief Executive Officer of the Clariane Group, said: "In line with the announcements we made, the signing of this partnership is a first step in the refinancing plan announced on 14 November. This partnership also illustrates the full support for this plan of our main shareholder, Crédit Agricole Assurances, which I would like to thank for its long-term commitment to the Clariane Group and its stakeholders.

Warning

This press release does not constitute, and shall not be deemed to constitute, an offer to the public or an offer to purchase or the solicitation of public interest in a transaction by way of public offer, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful absent registration or approval under the securities laws of such state or jurisdiction. The distribution of this document may be subject to specific restrictions in certain countries. Persons in possession of this document are required to inform themselves of and to observe any such local restrictions.

A prospectus relating to the capital increase will be submitted by Clariane S.E. to the Autorité des marchés financiers for approval before the effective launch of the capital increase.

All forward-looking statements included in this document speak only as of the date of this press release. Clariane S.E. undertakes no obligation and assumes no responsibility to update the information contained herein beyond what is required by applicable regulations.

About Clariane

Clariane is the leading European community for care in times of vulnerability. It has operations in seven countries: Belgium, France, Germany, Italy, the Netherlands, Spain and the United Kingdom.

Relying on their diverse expertise, each year the Group’s 67,000 professionals provide services to over 800,000 patients and residents in three main areas of activity: long-term care nursing home (Korian, Seniors Residencias, Berkley, etc.), healthcare facilities and services (Inicea, Ita, Grupo 5, Lebenswert, etc.), and alternative living solutions (Petits-fils, Les essentiels, Ages et Vie, etc.).I

In June 2023, Clariane became a purpose-driven company and added to its bylaws a new corporate purpose, common to all its activities: “To take care of each person’s humanity in times of vulnerability”.

Clariane has been listed on Euronext Paris Section A since November 2006 and is included in the following indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small and MSCI Global Small Cap

Euronext ticker: CLARI - ISIN: FR0010386334