The agreement in principle was supported by the company`s board of directors. It remains subject to the completion of negotiations on its terms, as well as negotiations on the necessary documents and agreements. Paris, France, June 22, 2020 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY (the “company”) announces today that it has reached an agreement in principle on a financial restructuring plan (the “agreement in principle”) that corresponds to the company`s objectives, (i) to obtain a new financing of 420 million euros to cover the group`s liquidity needs and (ii) to erase the balance sheet of the company by The Equitization of up to 660 million euros under the company Term Loan B. The company received the support of a majority (65.77%1) from its lenders under Term Loan B and Revolving Credit Facility, as well as Bpifrance Participations, an institutional shareholder. In addition, the company today announced the opening by the Paris Commercial Court of an accelerated financial safeguard procedure to facilitate the implementation of the agreement in principle. On June 11, the company launched an application for waiver authorization from its existing lenders as part of its credit facilities. in order to allow the company to request in France the opening of a “accelerated financial safeguard procedure” (a form of conservatory procedure negotiated only with financial creditors) (“SFA”) on Technicolor SA and (ii) the recognition of the SFA in the United States, in accordance with the current regulations (the “recognition procedure”) in the absence of such acts constituting a delay of default under the credit facilities. The mezzanine installation is documented by a mezzanine facility agreement (AMF). Although there are usually some important differences between the Conditions of the SeniorS this handy note covers the typical features of the mezzanine facility and explains the most important changes needed to transform a senior loan agreement into a mezzanine facility agreement. Other ESFA grant funding agreements and contracts for adult education and learning services are available on the second link.

The main conditions and timetables of the esfa agreements on education and qualifications, with 16 to 19 budgets for education, adult education, loans for advanced learners and 16 to 19 apprenticeship places, are available on the first link. Legacy funding agreements concluded by the Skills Funding Agency for academic years 2014 to 2017 refer to the agreement between the Minister of Education, which acts on behalf of the Crown through the Skills Funding Agency (SFA), and recipients who receive grants. AGREEMENT IN PRINCIPLE ON FINANCIAL RESTRUCTURING PLAN Technicolor plans to proceed with the debt restructuring provided for in the agreement in principle as part of an SFA plan that remains linked to a precedent, as explained below, notably by a positive vote of an extraordinary general meeting of the company (EGM) on certain aspects of the SFA plan and the approval of the French court. . 1 On the basis of an exchange rate of EUR 1.1193 On the basis of the proposed new financing plan, gross debt5 is expected to increase from the current EUR 1,444 million to EUR 1,102 million.