ARGAN: MS. LAURENCE BATLLE JOINS ARGAN’S SUPERVISORY BOARD

Core Viewpoint - ARGAN has appointed Ms. Laurence Batlle to its Supervisory Board as an independent member, effective January 1, 2026, to ensure compliance with governance standards and maintain gender parity within the board [4][7]. Governance Changes - Mr. Eric Donnet ceased to be considered independent due to a new employment contract effective January 2, 2026, prompting governance adjustments [2]. - Mr. Jean-Claude Le Lan Junior announced his resignation effective December 31, 2025, to facilitate the company's compliance with independent member quotas [3]. - Ms. Laurence Batlle's appointment is provisional and will be ratified at the General Meeting scheduled for March 26, 2026 [6]. Profile of New Board Member - Ms. Laurence Batlle has over 30 years of experience, including 8 years as CEO of major companies, and has held significant positions such as Chair of the Management Board of RATP Dev [5]. Board Composition - Following these changes, ARGAN's Supervisory Board will consist of 6 members, including 2 independent members, achieving one-third independence as recommended by the Middlenext code [7]. Company Overview - ARGAN specializes in the development and rental of premium warehouses in France, with a portfolio of 3.8 million square meters valued at €4.1 billion, generating an annual rental income of €214 million as of December 31, 2025 [8]. - The company is recognized for its financial solidity, holding an investment-grade rating of BBB- with a stable outlook from Standard & Poor's [9]. ESG Commitment - ARGAN is committed to sustainability and has received high ratings from various third-party agencies, including a score of 83/100 from GRESB and a gold medal from Ethifinance [9].