Orpea - comment

Orpea has responded to the fact two shareholders are seeking to block any potential debt for equity swap as part of the financial restructuring of Orpea’s balance sheet. Orpea states that the Company was in advanced discussions with real estate investors on asset disposals prior to the Conciliation Process earlier this year but have not been successful due to the deterioration of the economic environment.

Separately, Orpea has confirmed the timing of the release of the transformation plan for Tuesday 15th November at 9:30. Registration available via the link https://channel.royalcast.com/orpeafr/#!/orpeafr/20221115_2