Michelin: Disclosure of trading in own shares - November 20th, 2025

Core Viewpoint - The company, Michelin, has engaged in a securities repurchasing program, indicating a strategic move to buy back its own shares, which may reflect confidence in its financial health and future prospects [1]. Group 1: Securities Repurchasing Program - On November 20, 2025, Michelin repurchased a total of 876,761 ordinary shares at an average price of 28.514 euros per share [1]. - The transactions were conducted over-the-counter, involving multiple platforms including NATIXIS and BNP PARIBAS [1]. - The repurchase program is part of Michelin's broader strategy to manage its capital structure and enhance shareholder value [1].