Entech — Capital/Financing Update 2021

Oct 29, 2021

COMMUNIQUE DE PRESSE

End of the stabilisation period, partial exercise of the overallotment option and implementation of a liquidity contract

• Partial exercise of the over-allotment option
• Final amount of the Offer increased to €28 million
• Implementation of a liquidity contract with Portzamparc

Quimper, 29 October 2021 – Entech (FR0014004362 - ALESE), the technology company specialised in smart renewable energy storage and management, announces the end of the stabilisation period and the exercise by Portzamparc of the over-allotment option for 72.7%.

This transaction results in the sale of 396,898 shares held by the two founders through their holding companies SAS Enjoy and SAS Mefasude and the historical shareholders Unexo and Force 29 at the offer price of €6.95 per share, i.e. a total amount of €2,758,441.10.

As a result, the total number of Entech shares offered in the IPO, after exercise of the Over-Allotment Option, amounts to 4,037,186 shares, i.e. 3,640,288 new shares and 396,898 existing shares, bringing the size of the offering to approximately €28 million. The free float now represents approximately 28.59% of Entech's share capital. Following the IPO and the exercise of the Over-Allotment Option, and the conversion of the OCA 1 and OCA 2021, the distribution of the share capital and voting rights is as follows:

Shareholders	Number of shares	% of capital	Number of voting rights	% of voting rights
SAS ENJOY	6,907,136	47.17%	13,814,272	56.61%
SAS MEFASUDE	2,444,324	16.69%	4,888,648	20.03%
UNEXO	472,274	3.23%	745,874	3.06%
FORCE 29	200,166	1.37%	336,966	1.38%
EPOPEE GESTION	431,655	2.95%	431,655	1.77%
PUBLIC	4,186,331	28.59%	4,186,331	17.15%
TOTAL	14,492,743	100%	24,403,746	100%

Entech also announces that it has contracted with Portzamparc the implementation of a liquidity contract in accordance with accepted market practice. The implementation of the liquidity contract will be effective as of October 29, 2021, it being specified that a sum of €200,000 in cash has been allocated to the liquidity account.

The stabilisation period, which started on 4 October 2021, ended on 28 October 2021. Pursuant to Article 6, paragraph 2, of the Commission Delegated Regulation (EU) 2016/1052 supplementing the Market Abuse Regulation with technical regulatory standards concerning the conditions applicable to buyback programmes and stabilisation measures, Entech, on the basis of the information provided by Portzamparc, is publishing in this press release the information relating to the stabilisation activities carried out by Portzamparc as stabilisation agent:

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Execution date	Intermediary	Buy / Sell / Transfer	Number of shares	Average transaction price (in €)	Lowest / highest price (in €)	Aggregate amount (in €)	Market
4-Oct -21	Portzamparc	Buy	88,000	6.9223	6.92/6.94	609,160.00	Euronext Growth
5-Oct -21	Portzamparc	Buy	20,000	6.7939	6.56/6.84	135,877.40	Euronext Growth
6-Oct -21	Portzamparc	n/a	0	n/a	n/a	n/a	n/a
7-Oct -21	Portzamparc	Buy	7,500	6.86	6.86/6.86	51,450.00	Euronext Growth
8-Oct -21	Portzamparc	Buy	6,500	6.7	6.70/6.70	43,550.00	Euronext Growth
11-Oct -21	Portzamparc	Buy	2,198	6.8	6.80/6.80	14,946.40	Euronext Growth
12-Oct -21	Portzamparc	Buy	2,369	6.8	6.80/6.80	16,109.20	Euronext Growth
13-oct-21	Portzamparc	n/a	0	n/a	n/a	n/a	n/a
14-oct-21	Portzamparc	Buy	1,200	6.9	6.90/6.90	8,280.00	Euronext Growth
15-oct-21	Portzamparc	Buy	3,000	6.94	6.94/6.94	20,820.00	Euronext Growth
18-oct-21	Portzamparc	n/a	0	n/a	n/a	n/a	n/a
19-oct-21	Portzamparc	Buy	1,878	6.94	6.94/6.94	13,033.32	Euronext Growth
20-oct-21	Portzamparc	Buy	3,525	6.94	6.94/6.94	24,463.50	Euronext Growth
21-oct-21	Portzamparc	Buy	4,975	6.9038	6.90/6.94	34,346.40	Euronext Growth
22-Oct -21	Portzamparc	Buy	2,000	6.8800	6.88/6.88	13,760.00	Euronext Growth
25-Oct-21	Portzamparc	Buy	3,000	6.8800	6.88/6.88	20,640.00	Euronext Growth
26 -Oct-21	Portzamparc	Buy	500	6.9400	6.94/6.94	3,470.00	Euronext Growth
27-Oct-21	Portzamparc	Buy	2,500	6.9400	6.94/6.94	17,350.00	Euronext Growth
28-Oct -21	Portzamparc		0	n/a	n/a	n/a	Euronext Growth

The detailed list of transactions is available on Entech's website in the section dedicated to the IPO (www.ipo.entech-se.com)

This press release is issued also on behalf of Portzamparc pursuant to Article 6, paragraph 2, of Commission Delegated Regulation (EU) 2016/1052.

About Entech

Faced with the technological challenges posed by the strong growth of new energies within the energy mix, Entech enables the massive integration of renewable energies and access to energy thanks to storage and electrical conversion solutions controlled by intelligent software systems.

Builder of the new energies, Entech develops, builds and operates production plants and storage systems batteries or hydrogen – on-grid or off-grid. Founded in Quimper in 2016, Entech has already completed more than 230 projects worldwide and currently employs 68 people.

Selected in 2021 by "La French Tech" in its Green20 programme and recognised by numerous awards for its capacity to innovate in supporting the energy transition, Entech is committed to acting on a daily basis as a responsible company, not only from an environmental point of view but also from a social and societal one. For more information: https://entech-se.com/

Media contact: Calyptus Gregory Bosson / Mathieu Calleux Ce communiqué ne peut être publié, distribué ou diffusé, directement ou indirectement, aux Etats-Unis d'Amérique, en Australie, au Canada ou au Japon

COMMUNIQUE DE PRESSE

entech@calyptus.net +33 (0)1 53 65 37 90 / 37 91

Important notice

This press release and the information that it contains do not constitute an offer to subscribe for or sell, or a solicitation for an order to subscribe for or purchase the Company's shares in any country.

No communication or information concerning this press release or concerning the Company may be published in any country or region requiring registration or approval. No action has been (or will be) undertaken in any jurisdiction outside of France where such steps would be required.

In certain countries, the distribution of this press release may be subject to specific regulations. Consequently, persons in such jurisdictions where the press release is released, published or distributed must inform themselves about and comply with such legislation and regulations.

This press release does not constitute a prospectus as defined by Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "Prospectus Regulation"). The prospectus approved by the AMF is available on the AMF website (www.amf-france.org) and on the company's website dedicated to the IPO (www.ipo.entech-se.com).

This press release does not constitute and should not be construed as a public offering, an offer to purchase or subscribe or a public solicitation with a view to a public offering.

This press release does not constitute an offer to sell securities or a solicitation for an offer to purchase or subscribe for securities in the United States of America. The Company's shares or any other securities cannot be offered or sold in the United States of America unless they are registered in accordance with the U.S. Securities Act of 1933 (amended), or exempt from registration. The Company's shares will be offered or sold exclusively outside of the United States of America and through offshore transactions, in accordance with Regulation S of the Securities Act. The Company does not intend to register all or part of the offering in the United States or to conduct a public offering in the United States.

With respect to the member states of the European Economic Area that apply the Prospectus Regulation, no action has been undertaken or will be undertaken to permit a public offering of the securities subject to this press release that would require the Company to publish a prospectus in any Member State other than France. As a result, the Company's shares may not and will not be offered in any Member State other than France, except in accordance with the exemptions set by the Prospectus Regulation, or under any other circumstances which do not require the Company to publish a prospectus as defined by the Prospectus Regulation and/or the regulations applicable in said Member State.

In the case of the United Kingdom, the press release is intended exclusively for persons who (i) are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as currently in force, hereafter the "Financial Promotion Order"), (ii) are covered by Article 49(2) (a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Promotion Order, or (iii) have been invited or induced to engage in investment activity (within the meaning of Section 21 of the Financial Promotion Order) for the issue or sale of any securities that may be legally communicated, directly or indirectly (with all of these persons referred to collectively as "Authorised Persons"). This press release is intended exclusively for Authorised Persons and cannot be used by anyone other than an Authorised Person.

The information contained in this press release does not constitute an offer of securities in Canada, Australia or Japan. This press release is not intended to be published, released or distributed, directly or indirectly, in Canada, Australia or Japan.