Targetspot S.A.

Capital/Financing Update • Jul 9, 2020

AudioValley pays final instalment of debt to Vivendi and benefits from 35% maximum discount

Group now focused on accelerating its growth

The nominal amount of this debt at 30 June 2019 was €24.6m. To benefit from the maximum discount of 35%, equivalent to €8.6m, the Group signed a prepayment agreement with Vivendi comprising two instalments:

• An amount of €13m, paid on 19 December 2019
• A balance of €3m, due before 30 September 2020, now settled.

Press release

www.audiovalley.com

AudioValley

July 9, 2020 - 7:30 CEST AudioValley: Sébastien Veldeman • investorrelations@audiovalley.com • Actifin: Victoire Demeestère • vdemeestere@actifin.fr •

CONTACTS

AUDIOVALLEY

Sébastien Veldeman $+32(0)24663160$ investorrelations@audiovalley.com

ACTIFIN, financial communications

Victoire Demeestère +33 (0) 56 88 11 11 vdemeestere@actifin.fr

ACTIFIN, financial press relations

Jennifer Jullia +33 (0)156 88 11 19 jjullia@actifin.fr investorrelations@audiovalley.com

BACKSTAGE COM, Belgium Gunther De Backer +32 (0) 475 903 909 gunther@backstagecom.be