Finexsi issued its report as independent expert in connection with the proposed buy-out offe, followed by a mandatory squeeze-out for the prodware shares

On October 9, 2025, the Board of Directors of Prodware appointed Finexsi as independent expert in connection with the proposed public buy-out offer, followed by a mandatory squeeze-out, initiated by Phast Invest and targeting the Prodware shares.

Following its due diligence, Finexsi issued a fairness opinion on December 11, 2025, which was attached to the note in response. This fairness opinion cancels and replaces the previous one issued on November 13, 2025.

The assignment was led by Christophe Lambert, assisted by Arthur Landes.