ORPEA Has Taken Note of Information Published in Yesterday’s Press

Rhea-AI Summary

ORPEA, a leader in dependency care, addressed public concerns regarding fraudulent activities previously reported to the Nanterre prosecutor's office. The company filed a criminal complaint on May 2, 2022, alleging it and its subsidiaries may have been victims of fraud. Currently, ORPEA has not identified any significant negative impact on its cash flow or real estate assets due to these activities. The company is committed to recovering any lost funds and has enhanced its internal controls. ORPEA will keep the market updated on the progress of its criminal complaint.

Positive

• No material negative impact on cash flow or real estate assets identified.
• Company is taking proactive steps to recover funds lost due to fraudulent activities.
• Strengthening of internal controls to prevent future fraud.

Negative

• Ongoing criminal investigations could affect company reputation.

PUTEAUX, France--(BUSINESS WIRE)-- Regulatory News:

ORPEA (Paris:ORP):

The Company has taken note of information published in yesterday’s press.

The information refers to acts that were previously reported by the Company to the public prosecutor's office of Nanterre in its criminal complaint against X, the filing of which was communicated to the market on 2 May 2022. This complaint was raised as a result of investigations that revealed a certain number of fraudulent activities of which the Company or its subsidiaries may have been victims.

The Company has not currently identified any material negative impact on its cash flow or real estate assets as a result of the reported fraudulent activities. The Company intends to use all means at its disposal to recover the sums of money that it may have been deprived of as a result of these fraudulent acts.

Internal measures were immediately taken to remove the persons likely to be involved in these frauds and to strengthen the Group's internal control procedures.

At this stage, the Company does not have to make a determination as to the criminal nature of the facts it has denounced, nor on the responsibility of those involved.

The Company will keep the market informed of the outcome of its criminal complaint in accordance with corporate communication best standards and in compliance with its legal and regulatory obligations.

About ORPEA (www.orpea-corp.com)

Founded in 1989, ORPEA is one of the world leaders in Dependency care (nursing homes, assisted living, post-acute and rehabilitation hospitals, mental health hospitals, home care services).

ORPEA is listed on Euronext Paris (ISIN code: FR0000184798) and is a member of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and CAC Mid 60 indices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220518006179/en/

Investor Relations

ORPEA

Steve Grobet

EVP Communication and Investor Relations

s.grobet@orpea.net

Benoit Lesieur

Investor Relations Director

b.lesieur@orpea.net

Investor Relations

NewCap

Dusan Oresansky

+33 (0)1 44 71 94 94

orpea@newcap.eu

Media Relations

Image 7

Charlotte Le Barbier

+33 (0)6 78 37 27 60

clebarbier@image7.fr

Caroline Simon

+33(0)6 89 87 61 24

Caroline.simon@image7.fr

Source: ORPEA

FAQ

What fraudulent activities is ORPEA involved in?

ORPEA has reported fraudulent activities to the Nanterre prosecutor's office, claiming to be victims of such acts.

What is the status of ORPEA's criminal complaint?

ORPEA filed a criminal complaint on May 2, 2022, and is currently awaiting outcomes while keeping the market informed.

Has ORPEA suffered financially from the reported fraudulent activities?

As of now, ORPEA has not identified any material negative impact on its cash flow or real estate assets.

How is ORPEA addressing the reported fraud?

The company has taken internal measures to remove involved individuals and strengthen its internal controls.

What steps is ORPEA taking to recover funds lost to fraud?

ORPEA intends to utilize all means at its disposal to recover the sums of money lost due to fraudulent acts.