Instruction COSOB No. 26-03 of March 25, 2026 Establishing the Indicative List of Facts or Information Qualifiable as Important Information

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People's Democratic Republic of Algeria

Commission d’Organisation et de Surveillance des Opérations de Bourse – COSOB -

Commission for the Organization and Supervision of Stock Market Operations

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Instruction COSOB No. 26-03 of March 25, 2026 Establishing the Indicative List of Facts or Information Qualifiable as Important Information.

Article 1 – In application of the provisions of Article 12 of COSOB Regulation No. 25-04 of 30 Rabie Ethani 1447 corresponding to October 22, 2025, regarding the disclosure of information to be published by companies whose securities are listed on the securities exchange, this instruction aims to establish the indicative list of facts or information that may be classified as important information.

Art. 2 – Any information relating to the financial, commercial, technical situation, activities, or prospects of the issuer, which is likely to have a significant impact on the value of its securities, without however constituting insider information, is considered important information.

Art. 3 – The indicative list of facts or information that may be classified as important information is set out in the annex to this instruction.

This list is not exhaustive and does not exempt issuers from their obligation to disclose any information meeting the criteria of important information, in accordance with current regulations.

Art. 4 – This list is subject to periodic revisions by the Commission for the Organization and Supervision of Stock Market Operations, in order to take into account market developments as well as recognized practices in this area.

Art. 5 – This instruction enters into force on the date of its signature.

Done in Algiers on March 25, 2026
Youcef BOUZENADA

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Annex: Indicative List of Facts or Information Qualifiable as Important Information

The following are notably considered as facts or information that may be classified as important information:

• Any transaction involving the acquisition or disposal of a significant asset;
• Any change in the methods of preparation or presentation of financial statements;
• Any significant impact on the issuer's activities resulting from the adoption of laws or strategic decisions at the national or international level;
• Any non-recurring transaction carried out or likely to be carried out by the issuer, including, without limitation, the receipt or payment of compensation to third parties, which could affect the issuer's profits or financial situation;
• Any appreciation or depreciation of an asset belonging to the issuer, which could significantly affect its results or financial performance;
• Any decision to launch a public offering;
• The conclusion, substantial modification, or termination of a significant contract, particularly with a client or supplier;
• Any change in the composition of the board of directors or management board, the general management, as well as any change of auditor;
• The recognition of a loss representing a significant portion of equity;
• Any restructuring of the shareholding, particularly any significant change in the participation of one or more shareholders;
• Any merger, demerger, or liquidation transaction of the issuer or one of its subsidiaries;
• Any total or partial suspension of the issuer's activities, resulting from a decision, an incident, or a natural disaster;
• The existence of any significant litigation, dispute, or controversy.