Partial redemption of SSN

As part of its continued focus on optimizing its capital structure and pursuing its deleveraging, SMCP (the “Company”) announces today the partial redemption of the senior secured notes due 2023 (the “2023 Notes”) issued by SMCP Group S.A.S. for an amount equal to 10% of the principal (representing €20.0 million), taking advantage of its attractive cost of financing.