Company Overview - Fnac Darty operates in 14 countries and is a European leader in the retail of entertainment and leisure products, consumer electronics, and domestic appliances [7] - The company has shifted towards an omnichannel model focused on services and sustainability since 2021 [7] - Fnac Darty's revenue was nearly €8 billion in 2024, with over 30,000 employees and a network of more than 1,500 stores following the acquisition of Unieuro [7] General Meeting Information - The Combined Shareholders' Meeting is scheduled for May 28, 2025, at 4:30 PM (Paris time) at Urban Station - ESPACE DU CENTENAIRE, Paris [2] - Proxy/postal voting forms must be received by Uptevia by May 24, 2024, and the Votaccess online voting platform will be open from May 12, 2025, to May 27, 2025 [3] - The preliminary notice of the meeting, including the agenda and proposed resolutions, was published on April 21, 2025, and will be further published on May 12, 2025 [4] Shareholder Participation - Shareholders can submit written questions before the general meeting, with a deadline of May 23, 2024 [6] - Registered shareholders can request documents related to the meeting until five days before the meeting [8] - All shareholders can consult relevant documents at the Company's registered office from the date of the notice of meeting and for at least fifteen days prior to the meeting [8]

Group 1 - The total number of shares composing the company's capital as of April 17, 2025, is 29,682,146 [2] - The total number of gross voting rights is also 29,682,146, while the total number of net voting rights is 28,997,146, after deducting shares deprived of voting rights [2] - The company requires any individual or entity holding 3% or more of the company's capital or voting rights to inform the company within a specified timeframe [2] Group 2 - The company decided not to grant any double voting rights as per the resolution from the General Meeting held on May 29, 2015 [3]

Core Viewpoint - Standard & Poor's has revised Fnac Darty's outlook to "stable" from "negative" and confirmed its BB+ Corporate rating, reflecting the company's solid operating performance and prudent financial policy [1][2]. Financial Performance and Strategy - The revision is attributed to the Group's strong operating performance and enhanced competitive position, particularly due to the acquisition of Unieuro [2]. - Fnac Darty successfully renegotiated and extended the maturities of its undrawn revolving credit facility (RCF) and delayed drawn term loan (DDTL) credit lines by two years to March 2030, with options for further extensions to March 2031 and March 2032 [3][5]. - The total amount of these credit lines is €600 million, and neither has been drawn down to date [3][4]. Management Commentary - The Chief Financial Officer of Fnac Darty emphasized that the outlook revision reflects the effectiveness of the Group's transformation and financial strategy, which is supported by the successful renegotiation of credit lines, showcasing the confidence of banking partners [5].