State of Capital and Voting Rights of Electricity and Water of Madagascar

Electricity and Water of Madagascar has published an update regarding its share capital and voting rights as of February 28, 2026. The company has a total of 5,738,299 shares outstanding. The theoretical voting rights amount to 6,468,719, a figure that includes all shares, including those without voting rights.

However, the number of voting rights exercisable at the general meeting is 4,648,719. This difference results from a court decision, dated May 28, 2025 by the Paris Court of Appeal, which suspends for five years the voting rights of certain shares held by entities affiliated with Mr. Valéry Le Helloco.

This situation reflects the regulations in force governing voting rights within Electricité et Eaux de Madagascar, whose shares are traded under the ISIN code FR0000035719 on Euronext Paris.