BRIEF

on Montagne Et Neige Developpement SA (isin : FR0011584549)

Public buyout offer on MND shares by L&M Infra

The company Montagne et Neige Développement (MND) has published a press release to announce the availability of information relating to its public buyout offer initiated by L&M Infra S.à rl This offer is proposed at the price of €0.90 per MND share , with a duration of 10 trading days.

The Financial Markets Authority (AMF) has affixed visa n°24-222 to the response note established by MND. At the end of this offer, a squeeze-out procedure will be implemented, transferring the shares not tendered to L&M Infra, against compensation identical to the price of the initial offer, i.e. €0.90 per share.

Information on the legal, financial and accounting characteristics of MND has been filed with the AMF and is accessible on the AMF and MND websites. Notices from the AMF and Euronext Paris will specify the terms and timetable of the offer.

R. H.

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