Interparfums — M&A Activity 2025

Oct 31, 2025

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INTERPARFUMSSA

Project to simplify the control structure

Merger by absorption of the French company Interparfums Holding SAS by French company Interparfums SA

The French company Interparfums SA, listed on Euronext Paris, proposes to absorb the French company Interparfums Holding SAS in December 2025.

To date, Interparfums Holding SAS has no operational activities. Its only asset (excluding cash) consists of shares in Interparfums SA. This company has no development objectives of its own, nor any specific investment projects.

This transaction has the advantage of simplifying the shareholding structure of the French company Interparfums SA by simply replacing its sole shareholder, the French company Interparfums Holding SAS, with the American company Interparfums Inc., whose shares are traded on the Nasdaq in New York.

The Board of Directors of Interparfums SA and the Chairman of Interparfums Holding SAS have therefore decided to present to their respective shareholders a plan to merge Interparfums SA and Interparfums Holding SAS, with the former absorbing the latter. It should be noted that Interparfums SA is controlled at the highest level by Messrs. Philippe Benacin et Jean Madar.

Diagram of the structure before/after the merger
Before	After
Interparfums Inc. Interparfums Holding SAS Interparfums SA	Interparfums Inc. Interparfums SA

Simplified structure of Interparfums after the merger (disappearance of Interparfums Holding SAS)

Interparfums Holding SAS's only asset (excluding cash) is its Interparfums SA shares. Consequently, the merger parity between Interparfums SA and Interparfums Holding SAS is established on a transparent basis. The share exchange ratio adopted is 25.5852 Interparfums SA shares for 1 Interparfums Holding SAS share.

In consideration and representation of the net assets of the French company Interparfums Holding SAS, transferred as part of the merger, 60,632,062 new shares will be created and fully paid up by the French company Interparfums SA. These shares will all be allocated to the American company Interparfums Inc, the sole shareholder of Interparfums Holding SAS. The share capital of Interparfums SA will thus be increased by a nominal amount of €181,896,186 bringing it from €251,183,547 to €433,079,733.

The President of the Paris Commercial Court has appointed Mr. Robert Bellaiche and Mr. Laurent Benedict as merger commissioners. They have already prepared their reports and concluded that the exchange ratio is fair

and that the net assets contributed by the absorbed company are at least equal to the nominal amount of the capital increase of the absorbing company. As a result of the merger, Interparfums SA will receive 60,564,819 of its own shares. These shares are intended to be canceled in their entirety. The share capital of InterparfumsSA will thus be reduced by €181,694,457 to €251,385,276.

As of August 31, 2025, the capital and voting rights of Interparfums SA were distributed as follows:

Total	83,727,849	100%	140,689,028	100%	140,588,321	100%
Treasury shares	100,707	0.12%	100,707	0.07%	-	-
Public	23,062,323	27.54%	23,623,833	16.79%	23,623,833	16.80%
InterparfumsHolding SAS	60,564,819	72.34%	116,964,488	83.14%	116,964,488	83.20%
	Sharesheld	% ofcapital	Theoretical voting rights	% oftheoreticalvoting rights	Actual voting rights	% ofactualvotingrights

The capital and voting rights of Interparfums SA would be distributed as follows following the merger and cancellation of all Interparfums SA shares received by the latter in connection with the merger.

	Sharesheld	% ofcapital	Theoretical voting rights	% oftheoreticalvoting rights	Actual voting rights	% ofactualvotingrights
Interparfums Inc.	60,632,062	72.36%	121,264,124	83.64%	121,264,124	83.70%
Public	23,062,323	27.52%	23,623,833	16.29%	23,623,833	16.30%
Treasury shares	100,707	0.12%	100,707	0.07%	-	-
Total	83,795,092	100%	144,988,664	100%	144,887,957	100%

The merger transaction will be described in a merger document filed with the AMF, made available to shareholders, and appended to the report of the Board of Directors of Interparfums SA.

The merger will be submitted for approval at the Interparfums SA Shareholders' Meeting scheduled for December 17, 2025, subject to obtaining a prior decision from the AMF confirming that this transaction does not require the prior filing of a public withdrawal offer on the basis of Article 236-6 of the AMF's General Regulations.

About Interparfums SA

Founded by Philippe Benacin and Jean Madar in 1982, Interparfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Longchamp, Moncler, Montblanc and Van Cleef & Arpels. The company is the owner of Lanvin, Rochas, Off-White®, Annick Goutal and Solférino brands for international class 3 and the Rochas brand globally. With products sold in over 100 countries worldwide through a selective distribution network, in 2024 Interparfums had consolidated sales of €880m, accompanied by an operating margin of 20% and €180m in cash and cash equivalents. Interparfums is listed on Euronext Paris with a market capitalization above €2.4 billion.

Paris, October 31, 2025

Interparfums 10 rue de Solférino 75007 Paris

This press release is available in French and English on the company's website Tel. +33 (0) | 53 77 00 00 interparfums-finance.fr

Contacts

Philippe Benacin Chairman - Chief Executive Officer pbenacin@interparfums.fr

Philippe Santi Executive Vice President psanti@interparfums.fr

Cyril Levy-Pey Communication Director clevypey@interparfums.fr

ISIN: FR0004024222-ITP Reuters: IPAR.PA Bloomberg: ITP Euronext Compartment A Eligible for Deferred Settlement Service (SRD) Eligible for PEA Index - SBF 120, CAC Mid 60