Believe's Board of Directors met on April 18, 2024 to deliver its favorable reasoned opinion on the Offer. The investment funds TCV and EQT, in association with Denis Ladegaillerie, Believe's CEO, plan to launch a takeover bid at a price of €15 per share.

The Board of Directors unanimously issued a reasoned favorable opinion on the Offer, considering that it is in the interests of the Company, its employees and its shareholders.

' In particular, the Board of Directors considered that the Offer is in the interest of minority shareholders wishing to realize their investment, by enabling them to benefit from immediate and full liquidity at a significant premium to relevant stock market benchmarks ' indicates the Group.

The Board of Directors recommended that minority shareholders pursuing this objective tender their shares to the Offer.

' Finally, it considered that the Offer was in the interests of the Company and its employees, by enabling the Company to benefit from the support of leading shareholders aligned with its development plan and with the capacity to support the Company in the next phase of growth and market consolidation ' added management.

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