As a reminder, if on the contemplated completion date of the merger(i.e., 29 June 2018), any ANF Immobilier shareholders owns less than the number of ANF Immobilier shares required to obtain, pursuant to the merger parity (i.e., 3 Icade shares for 11 ANF Immobilier shares), a whole number of Icade shares, the relevant financial intermediaries (i)shall sell unallotted Icade shares on the Euronext Paris market corresponding to the fractional rights as provided by Articles L. 228-6-1 and R. 228-12 of theFrench Commercial Code and (ii) shall distribute the funds so obtained among holders of fractional rights in proportion to their rights, within a period of 30 days starting from 4 July 2018.
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