Takeover bid by Abeille Assurances on UFF validated by the AMF, share price 21 euros – Savings Guide

On November 28, Abeille Assurances Holding (the “Offeror”) filed a draft simplified tender offer in cash (the “Offer”) for the shares of Union Financière de France Banque (ISIN FR0000034548 / Compartment B) (“UFF”), at a price of 21 euros per share. UFF filed, on December 26, 2022, a draft memorandum in response, including the reasoned opinion of its Board

directors on the Offer as well as the independent expert’s report. The Autorité des marchés financiers (“AMF”) today issued a positive opinion on the conformity of the Offer and issued its visa on the information notice and the response document relating to the Offer. It is reminded that on the date of filing of the Offer, the Initiator directly or indirectly held 74.99% of the capital and voting rights of UFF. Following purchases made on the market, and taking into account the liquidity agreements concluded with the holders of unavailable free shares, the total number of shares held or intended to be held by the Offeror currently amounts to 81.37 % of UFF capital.

As previously indicated, at the end of the Offer, the Offeror intends to request the implementation of a squeeze-out targeting the UFF shares if the number of shares not tendered to the offer does not represent more than 10% of the capital and voting rights of UFF. This squeeze-out would be made subject to compensation equal to the Offer price. The information notice and the response note relating to the Offer are made available on the websites of Abeille Assurances (https://www.abeille-assurances.fr/notre-entreprise/nous-connaitre/offre- public-d-purchase-simplified-opas-uffb.html), UFF (https://www.uff.net/shareholders-investors/offer-public-dpurchase-simplified) and the AMF (www.amf – france.org).

It is also specified that the Supervisory Board of the FCPE UFF Epargne has decided to tender to the Offer the shares held by the FCPE, representing to date approximately 3.35% of the capital of UFF.

About the UFF

Founded in 1968, Union Financière de France is a bank specializing in wealth management advice, which offers products and services tailored to individual and business customers. Its range of products, built in open architecture, includes real estate, securities and life insurance as well as a wide range of products for businesses (retirement savings plan, employee savings plan, cash management medium term, etc.).

Union Financière de France has a dense network present throughout France and is made up of nearly 1,200 employees, including more than 800 dedicated to consulting. As of September 30, 2022, Union Financière de France had 191,000 customers, including 170,000 individuals and 21,000 businesses.

Union Financière de France Banque is listed on Euronext Paris Compartment B Euroclear code 3454. ISIN code FR0000034548


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