Compagnie Industrielle et Financière d'Entreprises SA commences an Equity Buyback Plan for 120,000 shares, representing 10% for €7.8 million, under the authorization approved on June 25, 2019.

Compagnie Industrielle et Financière d'Entreprises SA commences share repurchases on October 7, 2019, under the program mandated by the shareholders in the Annual General Meeting held on June 25, 2019. As per the mandate, the company is authorized to repurchase up to 120,000 shares, representing 10% for €7.8 million. The objective of repurchase plan is allocation or sale for the benefit of the employees and / or the corporate officers of the company and the companies of the group in the framework of stock option plans, or in the shareholding plan or employee savings plan in respect of employees' participation in the fruits of the expansion of the business, or in application of the provisions of Articles L.225-197 -1 et seq. of the French Commercial Code as part of a free share plan. The plan is valid for 18 month, or until December 24, 2020.