Argan

Capital/Financing Update • Apr 3, 2023

Increase in resources of the liquidity contract contracted with Natixis Oddo BHF

In accordance with the provisions of Article 4 of AMF Decision No. 2021-01 of June 22, 2021 (the "AMF Decision"), ARGAN SA today increased by € 800,000 the resources allocated to the liquidity contract contracted with NATIXIS ODDO BHF.

Still within the limit in AMF Decision No. 2021-01 of June 22, 2021, ARGAN SA decides to increase the resources of the liquidity contract by:

• € 800 000 (eight hundred thousand euros)

The position after increase ot these resources on april 3, 2023 will be :

• 12,707 shares
• € 1,073,383.34 €

About Argan

ARGAN is the only French real estate company specialized in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT. As of 31stDecember 2022, ARGAN's portfolio amounted to 3.5 million s qm, comprising approximately 100 warehouses located exclusively in France, valued at €4.0 billion. ARGAN is listed on Compartment A of Euronext Paris (ISIN FR0010481960 - ARG) and is included in the CAC All-Share, IEIF SIIC France and EPRA Europ indices. The company opted for the listed real estate investment companies (SIICs) tax regime since 1st July 2007.

www.argan.fr

Francis Albertinelli - CFO Aymar de Germay – General Secretary Phone : +33 1 47 47 05 46 E-mail : contact@argan.fr www.argan.fr

Aude Vayre – Press Relations Phone : + 33 6 14 64 15 65 E-mail : argan@citigatedewerogerson.com