Grenoble, March 24^th, 2020

Confronted to ever growing supply chain issues and employees anxiety, we unfortunately had to close Minitubes manufacturing operations last Friday for two weeks. This has been a heartbreaking decision as we are well aware of our responsibilities in serving our customers, particularly those in the medical industry providing devices critical to patients health worldwide.

We are developing a structured plan to fight the virus:

Our employees safety is our highest concern. We have started building plans to provide them the highest proven protection, so that they are and feel safe about returning to work for those who cannot operate remotely.

We are identifying which lines can restart first, prioritizing the actions and concentrating on critical medical products first.

As a conservative family business, we have the cash resources to weather a long storm while our government is promising unprecedented financial support.

Philippe PONCIN
President

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Grenoble, March 19^th, 2020

We are sorry to inform you that Minitubes will be closed starting this Friday March 20^th, for an indefinite period.

We are very conscious of our responsibility as a supplier of components for critical lifesaving medical devices and this makes our decision extremely painful.

From the early stages of the Covid crisis, we have activated our Business Continuity Plan and have mobilized our organization to continue supplying while keeping our employees safe. We have seen extraordinary engagement in our teams to build continuity plans in quickly evolving situations.

But the recent aggravation of the pandemic and the French government decisions have accelerated the difficulties.

You may be aware that everyone in France is now strictly confined at home. There are rare exceptions allowing traveling to the work place for critical activities and we have considered that Minitubes was indeed critical.

We have immediately organized “working from home” for the eligible persons. We froze all our projects to limit the headcount to those strictly needed to support manufacturing of medical products only.

Then difficulties started to accumulate on several fronts: suppliers closing, difficulties with shipping and growing personnel absenteeism.

We heard the growing stress on our personnel as almost all activity has closed down around us. We have done all we possibly could to provide protection to our people, exceeding strict adherence to the published safety recommendations, but the anxiety is such that rational reasoning has little effect.

Late yesterday, we had a plan to maintain some manufacturing. This did not appear sustainable this morning in the wake of the rising toll of the pandemic with a growing number of younger persons affected.

What we are doing in the next few days is an orderly closure and the preparation of the reopening.

This situation is unprecedented and it takes us together in a storm we had not envisioned. We are deeply sorry not being able to meet our delivery commitments. We have tried with all our energy but did not succeed.

We now focus on preparing for operations resumption for a steep ramp up as soon as conditions will allow.

And finally, we know that you as well face the same nasty virus on your home grounds. We wish that you all safely navigate through these turbulences.

Philippe PONCIN
President

Grenoble, March 17^th, 2020

Like many, Minitubes is facing the Coronavirus challenges and its unpredictable developments. In this unprecedented situation, our action is guided by two main principles:

• Protecting our people,
• Insuring the continuity of our activity to deliver the products our clients need.

We have activated our Business Continuity Plan and our organization is mobilized to respond to the unique challenges we confront. Our executive team has structured a crisis organization to deal with daily developments and to prepare for different potential scenarios.

Many of our people currently work from home and remain available to you through e-mail.

Today, Minitubes is open and continues producing.

The situation can change at any time, particularly with government regulation. We will update this page accordingly.