• Merger auditor Olivier Péronnet deemed fair the proposed exchange of 3 WDP shares for each Argan share following an exceptional distribution.
• The exceptional distribution is €11 per share; the auditor deemed the €71.10 withdrawal price, equivalent to €60.10 following that distribution, justified.
• A shareholder vote on the proposed merger with Warehouses De Pauw is scheduled for November 20, 2026.
• Completion is expected in the first quarter of 2027, subject to conditions including approval by both companies' shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Argan SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610200200OMX_____CNEWS_EN_GNW1001278831_en) on October 20, 2026, and is solely responsible for the information contained therein.