Following a meeting of the Board of Directors held on 17 September 2023, Bouygues SA (ENXTPA:EN) announced its intention to file in the next few days with the French Financial Markets Authority (the « AMF ») a public tender offer followed by a squeeze-out for the Colas SA (ENXTPA:RE) shares it does not hold at a price of EUR 175 per share (together the « Offer »). Upon completion of the Offer, Colas will be delisted. This price of EUR 175 per Colas share, payable exclusively in cash, gives rise to the following premium levels: 54.2% on the Colas share price at close of business on September 15, 2023; 52.2%, 50.1% and 50.4% on the average Colas share price weighted by volumes over the last 60, 120 and 240 trading days respectively prior to the offer announcement.

This Offer is part of a simplification of the capital structure of Colas and the Bouygues Group. At the date of this press release, Bouygues held 96.81% of the share capital and 98.04% of the voting rights of Colas. Colas is listed in compartment A of Euronext Paris (code ISIN FR0000121634).

In accordance with applicable regulations, the completion of the Offer will be subject to the AMF?s compliance decision (conformité) on the proposed Offer.