Michelin: Disclosure of trading in own shares - December 23, 2025

Group 1 - The issuer, Michelin, has conducted a securities repurchasing program involving ordinary shares with ISIN code FR001400AJ45 [1] - On December 23, 2025, Michelin acquired a total of 890,932 shares at a price of €28.0605 per share through the over-the-counter platform [1] - Additionally, Michelin repurchased another 356,373 shares at the same price of €28.0605 per share on the same date [1] Group 2 - The transactions were executed by different platforms, including NATIXIS and BNP PARIBAS, indicating a diversified approach to share repurchase [1] - The total volume of shares repurchased on that date reflects Michelin's commitment to enhancing shareholder value through buybacks [1]