JPM | EMEA Spec Sits Daily: OCI NA, SMIN LN and EZJ LN conf call today at 1pm: EMEA Special Situations Specialist Commentary

Research evidence excerpt

JPM | EMEA Spec Sits Daily: OCI NA, SMIN LN and EZJ LN conf call today at 1pm: EMEA Special Situations Specialist Commentary

Specialist Sales J P M O R G A N

01 July 2026

JPM | EMEA Spec Sits Daily: OCI NA, SMIN LN and EZJ LN conf call

today at 1pm

44 207 134 6029

zara.patel@jpmorgan.com

Special Sits Today

• News/ press: OCI NA Court appointed directors consent to EGM and Board recommends €4.10 cash offer, COFB BB/

AED BB merger completes, SMIN LN industrial spec comment

• Research: SMIN LN completes detection sale, US equity financing monitor (derivs strategy), Italy politics note

• JPM Today: easyJet conf call with Harry Gowers (airlines analyst) at 1pm UKT/ 8am ET today. Ahead of the

PUSU deadline on Sunday 5 July, we are hosting a call with our EZJ LN analyst Harry Gowers today. On the call, Harry

will share his views on the M&A proposal from Castlelake, investor feedback, potential counterbidders and his

fundamental outlook for the business. To join, please sign-up using this link.

News & Press

M&A

• COFB BB/ AED BB: Merger completes. Aedifica’s legal merger by absorption of Cofinimmo completed. link

• OCI NA: Court appointed directors consent to EGM. The OCI Board recommends the voluntary cash offer by NNS

whereby 1 OCI NA = €4.10. The court-appointed independent non-executive directors have decided to consent to the

convocation of an extraordinary general meeting of the Company to approve the OCI-Orascom transaction.OCI will hold an

EGM prior to the closing of the acceptance period of the Offer. The Board continues to recommend the Orascom

Combination. link

• Reasons for Recommending the Offer: The Board engaged Alvarez & Marsal (“A&M”), an advisory firm who provided

the Board with a comprehensive assessment of, and planning for, a potential solvent wind-down.