PRESS RELEASE: NACON : UPDATE ON THE ONGOING JUDICIAL REORGANISATION PROCEEDINGS

Nacon : update on the ongoing judicial reorganisation proceedings

On 2 March 2026, at the Company’s request, the Lille Métropole Commercial Court ordered the opening of judicial reorganisation proceedings. The aim of these proceedings is to enable the Company to identify, under the best possible conditions, solutions to ensure the sustainability of its business, renegotiate its debt with its creditors and protect its employees within a stable environment.

With the assistance of its advisors and the judicial administrators (SELARL FHBX, represented by Maître Hélène BOURBOULOUX, and SELARL BMA, represented by Maître Laurent MIQUEL), the Company has begun work on the outline of a restructuring plan for the group comprising the Company and its subsidiaries.

In this context, the Company announces that four of its subsidiaries, namely the video game development studios Spiders, Kylotonn, Cyanide, and the motion capture company Nacon Tech, have today filed for insolvency with the Lille Métropole Commercial Court and requested the opening of judicial reorganisation proceedings in their favour.

Further press releases will be issued as the Company's situation and the proceedings evolve.

About judicial reorganisation proceedings

Judicial reorganisation proceedings are collective proceedings under French law pursuant to which liabilities arising prior to the opening judgment are frozen for the duration of the observation period, which may last up to 18 months. During this period, the debtor may propose a continuation plan providing for the restructuring of its debt with a view to ensuring the recovery of its business.