Michelin: Disclosure of trading in own shares - December 4, 2025

Group 1 - The company, Michelin, has announced a securities repurchasing program involving ordinary shares with ISIN code FR001400AJ45 [1] - On December 4, 2025, Michelin acquired a total of 1,620,188 shares at an average price of €27.7574 per share [1] - The transactions were executed on an over-the-counter platform, indicating a direct trading approach rather than through a public exchange [1] Group 2 - The repurchase program reflects Michelin's strategy to manage its capital structure and potentially enhance shareholder value [1] - The total volume of shares acquired on the specified date includes 900,660 shares from NATIXIS and 720,528 shares from BNP Paribas [1] - The repurchase activity is part of a broader trend among companies to buy back shares as a means of returning capital to shareholders [1]