Hoffmann Green Announces the Issuance of a Second Tranche of Convertible Bonds for a Nominal Amount of Circa EUR 5 Million Subscribed by Odyssée Venture

Regulatory News:

THIS PRESS RELEASE MAY NOT BE PUBLISHED, DISTRIBUTED OR TRANSMITTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY OTHER JURISDICTION WHERE THE OFFER OR SALE OF SECURITIES WOULD CONSTITUTE A VIOLATION OF APPLICABLE LEGAL PROVISIONS

Hoffmann Green Cement Technologies (ISIN : FR0013451044, Ticker: ALHGR) (« Hoffmann Green Cement » or the « Company »), an industrial player committed to the decarbonation of the construction sector that designs and markets innovative clinker-free cements, announces the completion of a second issuance of bonds convertible into new shares and/or exchangeable for existing shares (obligations à option de conversion et/ou d’échange en actions nouvelles ou existantes - OCEANE) (the “Convertible Bonds”) subscribed by funds managed by Odyssée Venture¹ for a nominal amount of approximately EUR 5 million. The Convertible Bonds will expire on 22 May 2029 (the “Maturity Date”)

Julien BLANCHARD and David HOFFMANN, Co-founders of Hoffmann Green Cement Technologies, say: “Following on from what we achieved with the Eiffel Investment Group investment fund, we announce today that we are completing the second phase of this financing transaction, structured in two tranches, under comparable conditions. Odyssée Ventures' commitment, an investor specializing in the financing of French growth companies, enables us to support our business growth by investing in our production capacity, R&D and national and international sales offensive. This financing has been completed on advantageous financial terms for both the Company and its shareholders. Odyssée Ventures' interest, following Eiffel Investment Group's, also confirms the attractiveness of our business model. ”

Aim of the transaction

The aim of the issuance of Convertible Bonds is to provide the Issuer with additional resources to support the deployment of its industrial and commercial strategy, with attractive financial terms and a limited potential dilution. The funds raised will be used particularly to:

• Strengthen the Group’s production capacity;
• Research and development of innovative solutions;
• Strengthen the commercial team.

Terms and conditions of the transaction

Main terms of the Convertible Bonds

Nominal value - Interest rate - Maturity

The issuance represents a nominal amount of EUR 4,999,963.65, corresponding to the issuance of 407,495 Convertible Bonds with a nominal value of EUR 12.27 each.