ORPEA'S RESPONSE TO THE PUBLIC STATEMENT FROM NEXTSTONE CAPITAL AND MAT IMMO BEAUNE

Rhea-AI Summary

ORPEA has addressed misleading statements from shareholders Nextstone Capital and Mat Immo Beaune, who together own less than 3% of shares. The company asserts its commitment to its transformation plan, set to be presented on November 15. ORPEA highlights ongoing discussions with real estate investors regarding asset disposals, which have faced challenges due to macroeconomic conditions. The company's intent to convene a shareholders' meeting is criticized as lacking corporate interest. ORPEA emphasizes its dedication to transparency and the company’s long-term sustainability.

Positive

• ORPEA plans to present a transformation plan on November 15 to ensure sustainability and future development.
• The company is engaged in discussions for asset disposals despite current macroeconomic challenges.

Negative

• The two minority shareholders' criticisms may undermine ORPEA's strategic plans.
• Asset disposal negotiations have largely been unsuccessful due to the deteriorating macroeconomic context.

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

ORPEA (Paris:ORP) has become aware, simultaneously with the market, of the statement published by Nextstone Capital and Mat Immo Beaune, two shareholders claiming to be acting in concert and together representing less than 3% of the share capital and voting rights.

Given the numerous misleading statements contained in this letter, ORPEA intends to restore the accuracy and reality of the facts for the market and notes that this statement is made in disregard of the main market stance on shareholder activism.

The Company notes that even before the presentation of ORPEA's transformation plan on 15 November, these two minority shareholders are publicly criticizing the Group's strategic orientations in the form of allegations, in support of a thesis that only aims at dismantling the Group.

ORPEA wishes to emphasize that it has put all the necessary resources to complete the operations anticipated by the conciliation protocol (protocole de conciliation) dated June 2022. Besides, the Company was in advanced discussions with real estate investors on asset disposals even before the approval (homologation) of this protocol. These negotiations have been actively pursued but have not, for most of them, been successful to date due to the deterioration of the macro-economic context and the Group's particular situation.

Moreover, the request to convene a shareholders’ general meeting, more importantly without any provided agenda, is not driven by ORPEA's corporate interest (intérêt social).

Finally, the Company reiterates that it has always disclosed the sensitive information it holds and reaffirms that it acts solely in the corporate interest of the firm and its stakeholders.

The Company reserves all rights of actions with regard to the false, serious and/or defamatory allegations contained in the letter of these two minority shareholders.

As already announced, ORPEA will present its transformation plan on 15 November, the aim of which is to ensure its sustainability and future development.

About ORPEA

ORPEA is a leading global player, expert in the care of all types of frailty. The Group operates in 22 countries and covers three core businesses: care for the elderly (nursing homes, assisted living, home care), post-acute and rehabilitation care and mental health care (specialized clinics). It has more than 71,000 employees and welcomes more than 255,000 patients and residents each year.

https://www.orpea-group.com/

ORPEA is listed on Euronext Paris (ISIN: 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/20221109006110/en/

Investor Relations

ORPEA

Benoit Lesieur

Investor Relations Director

b.lesieur@orpea.net



Investor Relations

NewCap

Dusan Oresansky

Tel.: +33 (0)1 44 71 94 94

ORPEA@newcap.eu



Media Relations

ORPEA

Isabelle Herrier-Naufle

Media Relations Director

Tel.: +33 (0)7 70 29 53 74

i.herrier-naufle@orpea.net



Image 7

Charlotte Le Barbier

Tel.: +33 (0)6 78 37 27 60

clebarbier@image7.fr



Toll free tel. nb for shareholders: +33 (0) 805 480 480

Source: ORPEA

FAQ

What is the current situation with ORPEA and its minority shareholders?

ORPEA is addressing misleading claims from shareholders Nextstone Capital and Mat Immo Beaune, who together hold less than 3% of shares.

When will ORPEA present its transformation plan?

ORPEA is set to present its transformation plan on November 15.

What challenges is ORPEA facing regarding asset disposals?

ORPEA's asset disposal negotiations have been largely unsuccessful due to a deteriorating macroeconomic context.

How does ORPEA view the request for a shareholders' general meeting?

ORPEA criticizes the request for a shareholders' meeting as lacking a valid agenda and not serving the company's corporate interest.