Press release – Neuilly-sur-Seine, Friday, March 27, 2026 – 8.00 am ARGAN COMBINED GENERAL MEETING – MARCH 26, 2026 A sustained 2026 development plan: €165 million in secured investments 5% increase in the dividend (to €3.45 per share) based on excellent performance in 2025 Approval of all resolutions supported by the Executive Board and the Supervisory Board The Combined General Meeting of ARGAN’s shareholders was held on Thursday, March 26, 2026, at the Hyatt Regency in Paris. ARGAN confirmed a sustained ...

Group 1 - The 2025 Universal Registration Document is now available in English, previously filed in French with the French financial markets authority [2][3] - The document includes the annual financial report, corporate governance report, statutory auditors' reports, and information on their fees [3] - ARGAN specializes in the development and rental of premium warehouses, with a portfolio of 3.8 million sq.m valued at €4.1 billion, generating a yearly rental income of €214 million as of December 31, 2025 [4] Group 2 - ARGAN holds an investment-grade rating of BBB- with a stable outlook from Standard & Poor's, reflecting its financial solidity [5] - The company is recognized for its ESG policy, achieving ratings such as 83/100 from GRESB and a gold medal from Ethifinance [5] - ARGAN is listed on Euronext Paris and included in several indices, including the Euronext SBF 120 and CAC All-Share [6] Group 3 - The financial calendar for 2026 includes key dates for net sales and half-year results, with the General Assembly scheduled for March 26, 2026 [8]

Core Viewpoint - On February 18, 2026, ARGAN announced the total number of voting rights and shares in its share capital ahead of the Combined General Meeting of Shareholders scheduled for March 26, 2026 [2]. Group 1: Share Capital and Voting Rights - As of February 18, 2026, the total number of shares in ARGAN's share capital was 25,766,939 [2] - The total theoretical number of voting rights was 25,766,939, while the total actual number of voting rights was 25,756,480, excluding self-detained shares [2] Group 2: Company Overview - ARGAN is a leading French real estate company specializing in the development and rental of premium warehouses, listed on EURONEXT [3] - The company has a portfolio of 3.8 million square meters, comprising over 100 warehouses in France, appraised at €4.1 billion, generating a yearly rental income of €214 million as of December 31, 2025 [3] Group 3: Financial Health and Sustainability - ARGAN maintains a strong financial model, reflected in its investment-grade rating of BBB- with a stable outlook from Standard & Poor's [4] - The company is committed to an ESG policy, recognized by third-party agencies with ratings such as 83/100 from GRESB and a gold medal from Ethifinance [4] Group 4: Financial Calendar - Key dates in ARGAN's financial calendar include the General Assembly on March 26, 2026, and the publication of quarterly net sales and annual results throughout 2026 [7]

Core Insights - ARGAN is a leading French real estate company specializing in the development and rental of premium warehouses, with a focus on sustainability and customer-centric services [3][4] - As of December 31, 2025, ARGAN's portfolio includes 3.8 million square meters of warehouse space, valued at €4.1 billion, generating an annual rental income of €214 million [3] - The company maintains a strong financial position, reflected in its investment-grade rating of BBB- with a stable outlook from Standard & Poor's [4] Financial Performance - The liquidity contract with NATIXIS ODDO BHF shows significant trading volumes, with 230,160 shares purchased for €14,980,043 and 226,705 shares sold for €14,785,373.2 during the specified period [7] - The financial calendar for 2026 includes key dates for annual results and general assemblies, indicating a structured approach to financial reporting [7] Sustainability and ESG - ARGAN is committed to an ESG policy that addresses all stakeholders, achieving high ratings from third-party agencies such as GRESB (83/100), Sustainalytics (low extra-financial risk), Ethifinance (gold medal), and Ecovadis (silver medal) [4]

Core Viewpoint - S&P Global Ratings has maintained ARGAN's "Investment Grade" status with a "BBB-" rating and a "stable" outlook, indicating confidence in the company's financial metrics and asset quality despite recent portfolio changes [2][3]. Financial Metrics - ARGAN's level of indebtedness is consistent with its current rating, with a long-term issuer rating of 'BBB-' and a stable outlook [2]. - The company is targeting an LTV EPRA ratio excluding duties of 41.5% for 2025, down from 43.1% at the end of 2024, and a net debt to EBITDA ratio of 8.7 times for 2025, improved from 9.2 times [2]. Portfolio and Revenue - ARGAN has withdrawn a portfolio of warehouses valued at approximately €130 million from the market, but this decision does not negatively impact its credit metrics [2]. - As of June 30, 2025, ARGAN's portfolio consists of 3.7 million square meters of warehouses, appraised at a total of €4.0 billion, generating over €210 million in annual rental income [4]. Company Profile - ARGAN is a leading French real estate company specializing in the development and rental of premium warehouses, focusing on a customer-centric approach and sustainability [4]. - The company is listed on Euronext Paris and included in several indices, reflecting its significant market presence [5]. ESG Commitment - ARGAN is committed to an ESG policy that addresses all stakeholders, with achievements recognized by third-party agencies such as Sustainalytics and Ecovadis [4]. Upcoming Financial Calendar - Key upcoming dates include the publication of Q3 2025 net sales on October 1, 2025, and annual results on January 22, 2026 [3][7].