Loxam S.A.S - Exchange Offer - Results

LOXAM S.A.S. ANNOUNCES THE RESULTS OF ITS EXCHANGE OFFERS

02 MAY 2023

Full announcement including disclaimers and offer restrictions available via Luxse

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The following table reports, in relation to each of the Existing 2025 Notes, (i) the Final Acceptance Amount, (ii) the Pro-Ration Factor, (iii) the principal amount of Exchange Notes to be issued to Participating Holders and (iv) the aggregate principal amount remaining outstanding after the Settlement Date. The Company has not accepted any offers to exchange received from Eligible Holders in relation to the Existing 2025 Senior Subordinated Notes.

The Company is satisfied with the outcome of its latest transaction, in which it has secured attractive pricing terms in current market conditions for its new notes issuance, while fully refinancing its 2024 bond maturities and commencing the process of refinancing its Existing 2025 Notes. The Company will continue to proactively monitor market conditions in relation to the remaining Existing 2025 Notes.

Settlement

Subject to the satisfaction or waiver of the Settlement Conditions, the Settlement Date is expected to be on May 5, 2023.

On the Settlement Date, in exchange for each €1,000 in principal amount of Existing 2025 Notes accepted for exchange, Participating Holders whose Existing 2025 Notes have been accepted for exchange by the Issuer will receive:

• a principal amount of Exchange Notes to be issued in exchange of the Existing 2025 Notes accepted for exchange;

• accrued and unpaid interest in respect of such Existing 2025 Notes from, and including, the most recent interest payment in respect of such Existing 2025 Notes to, but not including, the Settlement Date, which will be paid in cash (rounded to the nearest €0.01, with €0.005 rounded upwards); and

• if applicable, a cash rounding amount equal to the fractional portion of the aggregate principal amount of Exchange Notes that is not an integral multiple of €1,000."

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LOXAM S.A.S. ANNOUNCES EXCHANGE RATIOS, EXCHANGE NOTES ISSUE YIELD, EXCHANGE NOTES ISSUE PRICE AND EXCHANGE NOTES COUPON OF THE NEW SENIOR SECURED NOTES DUE 2028 TO BE ISSUED IN EXCHANGE OF ITS OUTSTANDING 3.25% SENIOR SECURED NOTES DUE 2025 AND ITS OUTSTANDING 6.00% SENIOR SUBORDINATED NOTES DUE 2025

26 APRIL 2023

Full announcement including disclaimers and offer restrictions available via Luxse

"Paris — April 25, 2023. Loxam S.A.S. (the “Company”) hereby announces today the Exchange Ratio with respect to the 2025 Senior Secured Notes, the Exchange Ratio with respect to the 2025 Senior Subordinated Notes, the Exchange Notes Issue Yield, the Exchange Notes Issue Price and the Exchange Notes Coupon in connection with its offers to Eligible Holders (as defined in the Exchange Offer Memorandum) to exchange (the “Exchange Offers”) its outstanding 3.25% Senior Secured Notes due 2025 (the “Existing 2025 Senior Secured Notes”) as well as its outstanding 6.00% Senior Subordinated Notes due 2025 (the “Existing 2025 Senior Subordinated Notes” and together with the Existing 2025 Senior Secured Notes the “Existing 2025 Notes”), in each case for new Senior Secured Notes due 2028 (the “Exchange Notes”).

The Company also announced today the successful pricing of its offering (the “New Money Notes Offering”) of €300,000,000 in aggregate principal amount of senior secured notes due 2028 (the “New Money Notes”, and together with the Exchange Notes, the “New Notes”).

The Exchange Offers were announced on April 24, 2023 and were made on the terms and subject to the conditions set forth in the exchange offer memorandum dated April 24, 2023 (the “Exchange Offer Memorandum”) prepared in connection with the Exchange Offers and subject to transfer restrictions set out in the Exchange Offer Memorandum.

Exchange Ratios, Exchange Notes Issue Yield, Exchange Notes Issue Price and Exchange Notes Coupon.

The Company hereby announces that:

a) the Exchange Ratio with respect to the 2025 Senior Secured Notes shall be equal to 98.500% and the Exchange Ratio with respect to the 2025 Senior Subordinated Notes shall be equal to 98.000%;

b) the Exchange Notes Issue Yield (which is the same as the yield for the New Money Notes) shall be equal to 6.375%;

c) the Exchange Notes Issue Price (which is the same as the issue price of the New Money Notes) shall be equal to 100.000%; and

d) the Exchange Notes Coupon (which is the same as the coupon of the New Money Notes) shall be equal to 6.375%.

End of the Revocable Exchange Instructions Period

The Revocable Exchange Instructions Period has now expired.

Exchange Instructions are now irrevocable, except in the limited circumstances described in the Exchange Offer Memorandum. Exchange Instructions submitted before the publication of this announcement, during the Revocable Exchange Instructions Period, may be validly revoked at any time prior to the Expiration Time by an Eligible Holder or the relevant Direct Participant on its behalf."

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LOXAM S.A.S. ANNOUNCES LAUNCH OF OFFERING OF SENIOR SECURED NOTES DUE 2028 AND COMMENCES OFFER TO EXCHANGE ITS OUTSTANDING 3.25% SENIOR SECURED NOTES DUE 2025 AND OUTSTANDING 6.00% SENIOR SUBORDINATED NOTES DUE 2025 FOR NEW SENIOR SECURED NOTES DUE 2028

24 APRIL 2023

Full announcement including disclaimers and offer restrictions available via Luxse

"Paris — April 24, 2023. Loxam S.A.S. (the “Company”) today announced that it has launched an offering (the “New Money Notes Offering”) of €300,000,000 aggregate principal amount of its Senior Secured Notes due 2028 (the “New Money Notes”).

The Company has concurrently commenced offers to Eligible Holders (as defined below) to exchange (the “Exchange Offers”) its outstanding 3.25% Senior Secured Notes due 2025 (the “Existing 2025 Senior Secured Notes”) as well as its outstanding 6.00% Senior Subordinated Notes due 2025 (the “Existing 2025 Senior Subordinated Notes” and together with the Existing 2025 Senior Secured Notes the “Existing 2025 Notes”), in each case for new Senior Secured Notes due 2028 (the “Exchange Notes”, and together with the New Money Notes, the “New Notes”), on the terms and subject to the conditions set forth in the exchange offer memorandum dated April 24, 2023 (the “Exchange Offer Memorandum”)."