Supplementary report of the council on the supplement of the call

As a continuation of the report issued and once the supplement calling for the meeting has been made public, the board of directors recalls that the approval of the dividend distribution proposal contained in the supplement request would imply non-compliance by the Company with the obligations included in the financing contracts signed by the Company. Among them, dividends cannot be distributed to shareholders if they incur losses.

This non-compliance, unless expressly waived by the creditor entities, could lead to the early expiration of the financing contracts, with the possible consequence of forcing the Company to fully reimburse the amounts pending payment within the framework of the aforementioned financing, a circumstance that would seriously compromise the financial situation of Ercros.