Proposed Tap Issue of Existing Mandatory Convertible Notes by up to EUR 200,000

Eduniversal S.A. (the “Company”) announces today that it is considering, subject to market conditions, carrying out a tap issue of the Company’s 2%, mandatory convertible notes convertible into new ordinary shares of the Company having a par value of EUR 0.25 (the “Ordinary Shares”) by issuing additional mandatory convertible notes with an aggregate amount of up to EUR 200,000 (the “Further Notes”) with a nominal value of EUR 100,000 each, against cash contributions.

The total aggregate amount of the notes will thereby increase up to EUR 3,900,000. The Further Notes will be issued at an offer price to be determined by a bookbuilding process. The Company intends to apply for the inclusion of the Further Notes to trading on the Free Market (Marché Libre) of Euronext Paris. The Further Notes will be placed only to institutional investors in selected European countries in reliance on Regulation S of the US Securities Act 1933, as amended, by way of a private placement. There will be no public offering. The Further Notes will be merged with the existing notes and will form a single series under the existing ISIN FR0012979524.

The net proceeds will be used to fund the Company’s growth strategy.

Author: Dylan Jones

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