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LYON, France--(BUSINESS WIRE)--Regulatory News: CLASQUIN (Paris:ALCLA): FINANCIAL STATEMENTS APPROVED BY THE BOARD OF DIRECTORS ON 23 MARCH 2021 The Statutory Auditors have completed their audit procedures on these accounts and the report relating to the certification of the consolidated financial statements will be issued when the annual report is published. 2020 2019 2020/ 2019 2020 (excl. IFRS 16) 2019 (excl. IFRS 16) 2020/ 2019 (excl. IFRS 16) Number of shipments 251,561 273,875 -8.1% 251,561 273,875 -8.1% Sales (m)* 392.0 331.3 +18.3% 392.0 331.3 +18.3% Gross profit (m) 76.2 76.7 -0.7% 76.2 76.7 -0.7% EBITDA (m) 16.7 13.9 +20.3% 13.8 11.0 +24.8% % GP 21.9% 18.1% 18.1% 14.4% Current operating income (m) 9.5 8.6 +10.4% 9.5 8.5 +11.8% % GP 12.5% 11.2% 12.5% 11.1% Consolidated net profit (m) 5.4 4.5 +21.7% 5.4 4.5 +20.8% Net profit Group share (m) 5.1 3.9 +32.3% 5.1 3.9 +31.2% * Note: Sales is not a relevant indicator of business in our sector, as it is greatly impacted by changing air and sea freight rates, fuel surcharges, exchange rates (particularly versus USD), etc. Changes in the number of shipments, volumes shipped and, in financial terms, gross profit are relevant indicators. 2020 HIGHLIGHTS Management of the health crisis impact: A highly disrupted market: The Group implemented measures focused on four areas: Exceptional commitment by teams to serve clients: Launch of Live by CLASQUIN, the Groups digital platform based on a hub of reliable and predictive data accessible in real time. Successful integration of Cargolution (Canadian company acquired on 01/10/2019): Increasing manager share ownership: ANNUAL BUSINESS VOLUMES AND EARNINGS In 2020, international trade was down 9-10% in volume, with sea freight down 4-5% and air freight down 14%. In a deep recession, the Group managed to maintain its gross profit at a level equivalent to that of 2019 through: * at constant exchange rates EBITDA (excluding the IFRS 16 impact) was up 24.8% at 13.8 million thanks to a 3.3 million reduction in operating expenses at current scope and a 6 million reduction at constant scope (excluding nine months of Cargolution). These cost reductions were achieved through the implementation of: Current operating income (excluding the IFRS 16 impact) was up 11.8% at 9.5 million and the conversion ratio (current operating income/GP) was 12.5%. Net profit Group share (excluding the IFRS 16 impact) surged by 31.2% to 5.1 million due to: FINANCIAL POSITION The financial position is sound and improving steadily: 2020 2019 Gross operating cash flow (m) 15.1 13.3 % of gross profit 19.8% 17.3% Shareholders equity (m) 30.9 26.8 Net debt (m) 31.6 28.2 Leverage (net debt/EBITDA) 1.9 2.0 Shareholders equity (excl. IFRS 16) (m) 31.1 27.0 Net debt (excl. IFRS 16) (m) 22.6 18.6 Leverage (excl. IFRS 16) 1.6 1.7 PAYMENT OF DIVIDENDS On 23 March 2021, the Board of Directors decided to propose a dividend of 1.30 per share to the 9 June 2021 Combined Annual General Meeting. 2021 OUTLOOK Market International trade estimates (by volume): +8% Sea freight market estimates (by volume): +5% Air freight market estimates (by volume): +7% CLASQUIN Outperform market growth UPCOMING EVENTS (publication after-market closure) Thursday 29 April 2021: Q1 2021 business report Wednesday 1 September 2021: Q2 2021 business report Wednesday 22 September 2021: H1 2021 results Thursday 28 October 2021: Q3 2021 business report CLASQUIN is an air and sea freight forwarding and overseas logistics specialist. The Group designs and manages the entire overseas transport and logistics chain, organizing and coordinating the flow of client shipments between France and the rest of the world and, more specifically, to and from Asia-Pacific, North America, North Africa and sub-Saharan Africa. Its shares are listed on EURONEXT GROWTH, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP. Read more at www.clasquin.com. CLASQUIN confirms its eligibility for the share savings plan for MSCs (medium-sized companies) in accordance with Article D221-113-5 of the French Monetary and Financial Code established by decree number 2014-283 of 4 March 2014 and with Article L221-32-2 of the French Monetary and Financial Code, which set the conditions for eligibility (less than 5,000 employees and annual sales of less than 1,500m or balance sheet total of less than 2,000m). CLASQUIN is listed on the Enternext PEA-PME 150 index. LEI: 9695004FF6FA43KC4764

Answer: CLASQUIN: 2020 Outstanding performance amid a chaotic environment