Considering the unusual evolution of its share price observed over the last days, ORPEA reminds that, in accordance with the announcements made in the press releases published at the end of last year, the Group has engaged in the negotiation of a drastic financial restructuring comprising the equitization of €3.8 bn of ORPEA SA's unsecured debt and a share capital increase for an amount between €1.3 bn and €1.5 bn in order to finance its Refoundation Plan and reach a sustainable financial structure.