BRIEF

on SOCIETE ANONYME D' EXPLOSIFS ET DE PRODUITS CHIMIQUES (isin : FR0014003AQ4)

Liquidity Contract Review of the Public Limited Company for Explosives and Chemical Products

As of December 31, 2025, the cash account of Société Anonyme d'Explosifs et de Produits Chimiques, managed by Portzamparc - Groupe BNP Paribas, held 2,260 shares and €310,600.54. Compared to June 30, 2025, a slight decrease is observed, with 2,264 shares and €310,737.54 recorded on that date.

Since the establishment of this contract in August 2021, the initial stock was 2,000 shares and €100,000. During the second half of 2025, the market saw 3,254 shares purchased for a total of €673,675.50 against 3,258 shares sold, generating €673,538.50.

These transactions indicate sustained activity with over 350 buy and 300 sell transactions, demonstrating the effectiveness of the liquidity contract.

R. P.

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