BRIEF

on ARGAN (EPA:ARG)

Change in ARGAN's Supervisory Board

Stock price chart of ARGAN (EPA:ARG) showing fluctuations.

ARGAN has announced the resignation of Mr. François-Régis de Causans from its Supervisory Board due to personal reasons. This change is immediate, leaving the board with seven members, two of whom are independent.

A governance modification, previously disclosed in October, will be proposed at the upcoming general meeting on March 20, 2025. The proposal suggests reducing the board to six members, maintaining the two independent members, which will constitute 33% of the board.

Mr. Jean-Claude Le Lan, the board's Chairman, extended his gratitude to Mr. de Causans for his service since 2016.

R. H.

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