On March 21, Sopra Steria and Ordina jointly announced that they had reached a conditional agreement on a recommended all-cash public offer to be launched by Sopra Steria for all of Ordina's issued and outstanding ordinary shares at a price of E5.75 per share, plus accrued dividend.

Sopra Steria and Ordina have today determined, on the basis of the information currently available and Ordina's current activities, that the public offer and the transactions contemplated thereunder do not fall within the scope of the applicable foreign direct investment legislation.

Accordingly, Sopra Steria and Ordina will not prepare or file with the relevant regulatory authorities any notification relating to the contemplated transaction.

For the avoidance of doubt, the foregoing does not relate to the merger control file to be filed with the European Commission.

Sopra Steria and Ordina continue to expect the Offer to close in the second half of 2023.

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