Sorgem Evaluation reviewed the value of NextStage SCA’s shareholdings at the end of March 2020 as part of the calculation of its revalued net assets, taking into account the impact of the Covid-19 crisis

Sorgem Evaluation has reviewed the valuations of NextStage SCA’s shareholdings, carried out by NextStage SCA as part of the calculation of its revalued net assets as at 31 March 2020 (19 shareholdings). This work was carried out against the specific backdrop of the Covid-19 crisis and took into account the effects of this crisis on financial aggregates and the appropriateness of valuation methods, in accordance with the IPEV guidelines issued at the end of March.