Contemplated merger between Groupe Gorgé and its subsidiary ECA preceded by a proposed OPAS

Groupe Gorgé (Euronext Paris: GOE) and ECA (Euronext Paris: ECASA) have today

announced the contemplated merger-absorption of ECA by Groupe Gorgé. The principle

of this transaction was approved on 21 September 2020 by the ECA Board of Directors,

and on 22 September 2020 by the Board of Directors of Groupe Gorgé on the basis of an

indicative parity of 9 Groupe Gorgé shares for 5 ECA shares (i.e. 1.8 Groupe Gorgé shares

for 1 ECA share)1

.