FL Entertaiment SPAC

4 while strengthening control over both businesses Pre-transaction Banijay top management 10.5% 63.2% LDH SAS 67.1% FL Entertainment (to be listed entity) Banijay Group - Holding 89.5% Banijay Contemplated transaction perimeter 47.3% BetClic Everest GROUP Group simplification increasing economic exposure 1. Pre earn-outs and pre warrants, equity raising of €550m as described on page 24 5.4% Betclic top management Post-transaction 89.5% Cost of capital optimization potential Banijay top management 10.5% FL Entertainment (to be listed entity) Banijay 46.4%¹ LOV 72.2%¹ Voting rights GROUP 94.6% BetClic Everest GROUP 5.4% Betclic top management Unencumbered access to cash flows and dividends 14

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