BRÈVE

sur COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN (isin : FR001400AJ45)

Michelin Executes Share Buyback Program

On December 4, 2025, Michelin disclosed significant transactions in its own shares as part of its securities repurchasing program. The company's issuer code is 549300SOSI58J6VIW052 and the ISIN code for the ordinary shares is FR001400AJ45.

The trading activity involved a total of 1,621,188 shares acquired through over-the-counter transactions. The daily average price for the shares was 27.7574 euros. Transactions were facilitated by Natixis and BNP Paribas, with volumes of 900,660 and 720,528 shares, respectively.

The primary objective of these buybacks is the cancellation of the acquired shares. This activity forms a part of Michelin's ongoing strategy to manage its capital structure effectively.

R. P.

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