SFR Press Release

CIMA fund has filed with the AMF to challenge the appraisal work carried out as part of the fairness opinion on the exchange ratio proposed by Altice to the minority shareholders of SFR. It considers further that the evaluation methodology used by the firm Accuracy is biased and truncated. In addition, the majority of members of the board appointed by SFR to oversee the expert's work do not provide sufficient guarantees of independence. In conclusion, the exchange ratio offered to SFR minority shareholders on their SFR shares does not reflect the real value of SFR, and cannot be considered as fair.