Compagnie Chargeurs Invest becomes Belgrano and reaches a new milestone in the implementation of its public share buyback offer (OPRA)

PRESS RELEASE
Paris, October 20, 2026

Compagnie Chargeurs Invest becomes Belgrano and reaches a new milestone in the implementation of its public share buyback offer (OPRA)

• Compagnie Chargeurs Invest officially adopts its new identity, Belgrano, following the Extraordinary General Meeting (EGM) held today
  • This new name pays tribute to the Group’s roots by taking up that of the first vessel of the Compagnie des Chargeurs Réunis, the Belgrano , while reaffirming its pioneering and international spirit.
  • This change of identity is also an opportunity to highlight the Group’s strategy and strengths:
    • Sector strengths, driven by businesses whose growth potential outperforms economic cycles, and which are particularly attractive to talent,
    • Financial strengths, thanks to businesses generating higher and more recurring revenue,
    • Geographic strengths, built on a solid global footprint focused on the fastest-growing regions.
  • In line with this new identity, the share’s ticker symbol will change in the coming days to “BGO”.
• A decisive milestone reached in the implementation of the proposed OPRA at a price of €14.0
  • The Extraordinary General Meeting today approved the capital reduction required prior to the launch of the Offer.
  • Completion of the transaction is targeted no later than the first quarter of 2027, in strict compliance with the initial timetable.

Michaël Fribourg, Chairman and Chief Executive Officer of the Belgrano Group, stated:

“I would like to thank our shareholders for the confidence they expressed in us today at our Extraordinary General Meeting. The adoption of the Belgrano name completes the Group’s transformation. We can now build on a portfolio of global leaders that embodies our ambitions in the new luxury businesses, a strengthened balance sheet and an international footprint focused on the fastest-growing regions. The approval of the capital reduction also marks a new milestone in the implementation of our OPRA, in line with the announced timetable. This offer will provide liquidity on attractive terms to shareholders who so wish, while being accretive for those who choose to support us over the long term. Our absolute priority remains the disciplined execution of our strategy to create sustainable value for all our shareholders.”

The Company’s Extraordinary General Meeting, chaired by Michaël Fribourg, Chairman and Chief Executive Officer, was held on Tuesday, October 20, 2026, at the Étoile Business Center, 21-25 rue Balzac, 75008 Paris.

Communication Financière Groupe // +33 1 47 04 13 40 // comfin@chargeurs.com
www.chargeurs.com

PRESS RELEASE
Paris, October 20, 2026

With a quorum of 72.53%, shareholders approved the following extraordinary resolutions by a large majority:

• Change of the Company’s corporate name to “BELGRANO”
• Reduction in the Company’s share capital not due to losses, through the repurchase by the Company of its own shares for subsequent cancellation:
  • Maximum buyback price: €14 per share
  • Maximum number of shares to be repurchased: 2,589,285 shares
  • Maximum total amount of the OPRA: €36,249,990
  • Maximum nominal amount of the capital reduction: €31,071,420 (based on a par value of €12 per share)

The capital reduction will be implemented upon completion of the OPRA, which remains subject to clearance by the French financial market authority (Autorité des marchés financiers – AMF).

In accordance with applicable regulations, the Company will keep the market informed of the next steps of the offer, which is scheduled to be completed by the first quarter of 2027 at the latest.

The detailed voting results for each resolution, following certification of the attendance sheet by the officers of the General Meeting, are available on the Group’s website in the “General Meetings” section at the following link: https://www.chargeurs.com/assemblees-generales/. The General Meeting was broadcast live and a replay (in French) is available on www.chargeurs.com (coming soon: www.belgranogroup.com).

The Group retains ownership of, and the right to use, the Chargeurs brand and its derivatives.

A new website reflecting Belgrano’s identity

In the coming days, Belgrano will launch its new website (www.belgranogroup.com), which reflects its new visual identity. The website will present the Group’s vision and businesses, and will bring together all financial and regulated information for shareholders, investors and the press.

Communication Financière Groupe // +33 1 47 04 13 40 // comfin@chargeurs.com
www.chargeurs.com

PRESS RELEASE
Paris, October 20, 2026

2026 Financial calendar

Thursday 5 november 2026(before market opening) 9M and Q3 2026 Revenue

ABOUT BELGRANO

Belgrano, operating under the signature Architect of Rarity, is a hybrid company that acts both as an operator and developer of businesses positioned in new high-luxury goods and services categories, and as an investor committed to the active management of a portfolio of rare, prestigious assets with strong historical roots. Backed by the long-term commitment of the Fribourg Family Group, its controlling shareholder, the Group implements a value creation strategy based on holding, developing, and enhancing its unique portfolio of differentiating assets. As of June 30, 2026, Belgrano’s net asset value stands at €556 million.

The share is listed on Euronext Paris and is eligible for the PEA-PME equity savings plan.
ISIN Code: FR0000130692, Bloomberg Ticker: CRI:FP, Reuters Ticker: CRIP.PA

Communication Financière Groupe // +33 1 47 04 13 40 // comfin@chargeurs.com
www.chargeurs.com