Notice of redemption to holders of bonds convertible and/or exchangeable for new or existing shares

Wednesday, November 29 2017
On December 22, 2012, ECA (Euronext Paris: ECASA) issued OCEANES (ISIN code: FR0011378678), having been the subject of a prospectus endorsed by the French Financial Markets Authority (Autorité des Marchés Financiers - AMF) with the visa number 12-603 on December 17, 2012.

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ECA reminds OCEANE-holders that outstanding OCEANES will mature on January 1, 2018 (or on the first following business day if that day is not a business day). Accordingly, the OCEANES may either be exercised until December 19, 2017 included, or, after that time, redeemed in cash on January 2, 2018, the first business day following January 1, 2018. As of 24 November 2017, 3,245 bonds were outstanding.

As such, OCEANE-holders may exercise their right to the granting of shares until December 19, 2017 included, in the amount of 1 Company share for each OCEANE exercised.

Where applicable, OCEANE-holders must send their request to exercise their rights to CACEIS Corporate Trust, 14 rue Rouget de L’Isle – 92130 Issy-Les-Moulineaux, France.

In accordance with the issue contract, the Company's new shares issued upon converting the OCEANES, as well as the existing shares granted in exchange for the OCEANES, will bear current dividend rights as soon as they are issued.

Any OCEANE-holder failing to exercise his right to the granting of shares before December 19, 2017 at the latest will receive an amount equal to the redemption price of €8.40 per OCEANE, plus accrued interest in accordance with the prospectus.

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