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Listing on Lise gives you access to diversified capital, strengthens your company's credibility with partners, clients, and employees, and provides governance and liquidity tools previously reserved for large listed companies.

Lise brings major innovations to modernise the stock market experience for both companies and investors:

• Native DLT technology: Lise is built on blockchain (DLT), enabling advanced automation of post-trade processes and a simplified infrastructure.
• Instant settlement (T+0): Unlike the standard two business days (T+2), the exchange of securities against payment is immediate, eliminating settlement risk.
• Full availability: The secondary market is accessible 24/7, adapting to new digital habits and an international audience.
• Direct access to the primary market: Lise facilitates retail investor access to initial public offerings (IPOs), offering equal opportunity from the moment shares are issued.
• Cost efficiency: Simplifying the value chain and reducing administrative steps allows more competitive terms to be offered to issuers.

Any investor, retail or institutional, can invest on Lise after creating an account, completing the KYC process, and passing the suitability test. Lise is open to residents of France, Europe, the United Kingdom, and Switzerland. Legal entities (companies, investment funds) can also invest via a dedicated account.

Lise is accessible to French SMEs and mid-caps incorporated as SA or SCA. These companies must meet eligibility criteria in terms of legal form, financial health, governance, and transparency. They operate in a variety of sectors: industry, technology, defence, energy, infrastructure, real estate, etc.

Investing on Lise involves standard market risks as well as specific risks related to its digital model:

• Market risks: Risk of capital loss and sometimes reduced liquidity on SME/mid-cap securities.
• Digital security: Like any digital infrastructure, Lise is exposed to cyber risks. We use state-of-the-art protocols and continuous monitoring to ensure market availability.
• Technological evolution: Blockchain technology (DLT) is evolving; Lise maintains constant vigilance to preserve the integrity and resilience of its registries.

Liability: For your security, Lise is responsible for the custody of your assets and undertakes to cover their market value in the event of a confirmed loss on the platform.

The protection of your assets relies on two distinct mechanisms, depending on the nature of the event:

If Lise were to default, legal guarantees take over. Your funds, held in a segregated account with our banking partner, are covered by the French Deposit Guarantee Scheme (FGDR) up to €100,000 per depositor. Your securities are protected by the Securities Guarantee Scheme up to €70,000 per investor.

If an asset were to be lost outside of any default scenario, Lise assumes direct responsibility, up to the market value of the Tokenised Security or the funds concerned. Only an external event beyond its reasonable control, the consequences of which were unavoidable despite all efforts made, may exempt Lise from this liability.

Forgotten your password? Follow these steps to recover access to your account:

1. Go to the login page at lise.com
2. Click on "Forgot password?"
3. Enter the email address associated with your account
4. You will receive a link to set a new password (remember to check your spam folder)
5. Follow the link to create a new secure password
6. Log in as usual with your new password

Creating a Lise account is done entirely online in just a few minutes. Simply enter your first name, surname, email address, and a secure password. You will then receive a verification code by email to activate your account. Once your account is activated, you will be guided step by step to complete your profile and access the platform.

To ensure the security of your funds, access to your Lise account is protected by two-factor authentication (2FA). Each time you attempt to log in, we send a unique security code to the email address linked to your Lise account. This verification step is essential: it ensures that you are the only person who can access your account.

💡 Didn't receive the code? Check your spam folder.

In accordance with the procedure described in the Terms of Use, Lise can, at your request, implement Emergency Measures in the event of a serious issue (theft or loss of login credentials, compromise of your personal area, loss of access to securities, transfer error).

In practice:

1. Complete the dedicated online form (accessible via this link XX) by providing your password and answering the security questions.
2. Once the request is validated, Lise temporarily freezes your personal area, including wallets and associated accounts.
3. This freeze immediately blocks all access until the investigation is complete.
4. An alert is automatically sent to our teams to handle the incident.

ℹ️ Lise's liability remains limited under the conditions set out in Article 9 of the Terms of Use.

If you are dissatisfied, you can file a complaint with Lise via the dedicated online form available on our website. Lise undertakes to process your complaint within the timeframes set out in its Complaints Handling Procedure.

If you are not satisfied with Lise's response, you may refer the matter free of charge to the AMF Ombudsman:

• Online: www.amf-france.org/fr/le-mediateur-de-lamf
• By post: Autorité des marchés financiers — La médiation — 17, place de la Bourse — 75082 Paris Cedex 02

No, not for retail investors. For security and regulatory compliance reasons, each individual can only create one user account on Lise. If you wish to manage a company account (legal entity), this is separate from your personal account and follows a dedicated registration process.

Before submitting your request, make sure that:

• Your balance is zero (all funds have been withdrawn)
• No transactions (orders or subscriptions) are pending
• No securities are held in your portfolio

Then:

• Contact our support team via email or chat
• Identity verification may be required
• A confirmation will be sent once the closure is complete

In accordance with our regulatory obligations, certain data will be archived for 5 years after closure.

DLT (Distributed Ledger Technology) is a distributed ledger technology: a shared digital ledger in which transactions are recorded securely and immutably. Blockchain is the most well-known form of DLT. On Lise, DLT underpins all operations: issuance, transfer, settlement, and the share registry.

Tokenisation involves digitally representing an ordinary share as a digital token recorded on the blockchain. These tokenised shares retain exactly the same legal rights as traditional shares — only their form of registration changes. Tokenisation enables instant settlement, perfect traceability, and more efficient and cost-effective management.

Lise uses a private, permissioned blockchain (Hyperledger Besu), where only authorised participants can record transactions. This approach ensures a level of control, performance, and regulatory compliance that would be impossible to achieve with a public blockchain — while retaining the core benefits of DLT: speed, traceability, and automation.

The KYC questionnaire (for "Know Your Customer") is a mandatory form designed to verify your identity and collect essential personal information. It enables Lise to meet its anti-money laundering and counter-terrorism financing obligations. This questionnaire is quick to complete, but mandatory to ensure a secure investment environment for everyone.

Identity verification (KYC — Know Your Customer) is a mandatory step to access Lise. It serves two purposes:

• Regulatory compliance: As a licensed market infrastructure, Lise is required to comply with anti-money laundering and counter-terrorism financing (AML/CFT) standards.
• Security of your assets: This procedure ensures that you are the sole legitimate holder of your account and protects the integrity of the ecosystem for all investors.

Note: Access to investment features (buying/selling securities) is conditional upon final validation of your application by our teams.

Verifying your identity is a mandatory step to activate your account. Accepted documents are:

• National identity card (front and back)
• Passport
• Valid residence permit

The document must be legible, not expired, and match the information provided in your profile.

A verification refusal can occur for several reasons:

• Document expired, illegible, blurry, cropped, or poorly framed
• Inconsistency between the information provided and the document submitted
• Politically Exposed Person (PEP) status requiring enhanced checks
• Presence on an international sanctions list

You will receive an email indicating the refusal. You can then submit a new version directly from your personal area.

As a general rule, your verification is processed within 48 business hours of submitting your documents. In the event of high demand or additional checks, the timeframe may be slightly longer. You will be notified by email as soon as your identity is validated.

The suitability questionnaire (MiFID II) is a tool designed above all for your protection. Far from being an exam, it is a key step in personalising your experience on Lise:

• A tailored approach: It allows us to better understand your experience and objectives to ensure the investment opportunities on the platform match your expectations.
• Invest with confidence: As Lise uses innovative technologies (DLT), this process helps you confirm your understanding of stock market mechanisms before getting started.
• Regulatory requirement: It is a legal obligation that ensures every platform user benefits from a secure investment environment suited to their profile.

Rest assured: This questionnaire only takes a few minutes and is not designed to judge you, but to offer you the best possible framework for managing your SME and mid-cap portfolio.

The test consists of two parts: a general test on financial markets (minimum required score: 50%) and a specific test on Lise and DLT technology (minimum required score: 66%). You can complete it at your own pace from your personal area.

Yes. If you fail, there is a waiting period before you can retake the test. This allows you time to learn more about financial markets and blockchain technology. Educational resources are available on the platform and in this help centre to help you prepare.

No. Validation of your account (KYC) is a necessary first step, but not sufficient. You must also complete the suitability questionnaire before you can access the markets and place your first orders.

A legal representative of the company creates a business account online, provides the required information, and submits the admission documents (Kbis extract, articles of association, capitalisation table, etc.). The Lise team reviews the application and will get back to you within 48 hours.

Yes. Once the main account is created and validated, the legal representative can add multiple users with specific access rights (read-only, order placement, administration, etc.). This feature allows certain tasks to be delegated to different team members.

Each team member must first create their own personal account (as an individual). The legal representative can then grant them specific access to the company profile (read-only, order placement, administration, etc.).

An Issuer (a company listed on Lise) has access to a dedicated area from which they can: manage their company profile and regulatory documents, track subscriptions during an IPO, monitor changes in their shareholder base, publish regulatory announcements to investors, and coordinate corporate actions (dividends, general meetings).

1. Log in to your account.
2. Click on your name (top right), then on "Portfolio".
3. Select "Add funds".
4. Choose your deposit method: simplified transfer or standard SEPA transfer.

⚠️ Important: the transfer must come from a bank account in your name.

Each Lise member has a personal dedicated IBAN, opened in their name on the platform. Funds will appear automatically in your portfolio upon receipt.

Currently, only bank transfers are accepted to fund your Lise account. Transfers must come from a bank account in your name with a European IBAN. Card payments, PayPal, or other methods are not available.

No. Lise does not charge any fees on your deposits.

No. There is no minimum or maximum amount required to deposit funds into your Lise account.

If your transfer is not visible after 3 business days, first check that the IBAN used is correct and that the sending account is in your name.

If everything is in order on your side:

• Contact our support team: Send us proof of transfer (PDF or screenshot) directly via the platform chat or to support@lise.com.
• Resolution time: Our teams manually reconcile funds within 24 to 48 hours of receiving your proof of payment.

Tip: For future deposits, using instant transfer usually allows your balance to be updated within minutes.

Yes. Your cash held on Lise is protected by two distinct mechanisms, depending on the nature of the event:

If Lise were to default, your funds, held in a segregated account with our banking partner, are covered by the French Deposit Guarantee Scheme (FGDR) up to €100,000 per depositor. This is the same protection as with your bank.

If funds were to be lost outside of any default scenario, Lise assumes direct responsibility, up to the amounts concerned. Only an external event beyond its reasonable control, the consequences of which were unavoidable despite all efforts made, may exempt Lise from this liability.

1. Connectez-vous à votre compte.
2. Cliquez sur « Portefeuille » dans le menu utilisateur.
3. Cliquez sur « Retirer des fonds ».
4. Renseignez le montant souhaité et choisissez un bénéficiaire dans la liste des comptes enregistrés.
5. Validez la demande de retrait.

Pour des raisons de sécurité, le virement ne peut être effectué que vers un compte bancaire à votre nom. Aucun virement vers un tiers n’est possible.

Withdrawals to your bank account may take up to 48 business hours. You will be notified by email at each stage of the process.

Your financial position can be viewed at any time from the user menu (click on your name in the top right corner), on your Dashboard, or in the "Portfolio and shares" section.

You will find three separate pieces of information:

• My total balance: This represents the total sum of your cash holdings on the platform.
• My pending orders: This amount corresponds to the cash reserved for your pending buy orders. This money is set aside to ensure you can pay for your shares as soon as a counterparty is found.
• My available balance: This is the amount you can use immediately to place new orders or make a withdrawal. It is calculated as follows: Total balance - Pending orders.

What happens to my cash?

• When an order is settled (purchase completed): Your cash account is debited for the transaction amount and your portfolio is credited with the shares.
• If the order is cancelled: Your reserved cash is immediately released and returned to your available balance.

• The IBAN is invalid or does not match the name on your Lise account
• The account is not eligible (only accounts in your personal name — no third parties, joint accounts, or companies unless a validated business account)
• A security or compliance check is in progress

You will receive a rejection email and can correct the information from your personal area.

The primary market is where a company issues shares and offers them to the public for the first time, as part of an initial public offering (IPO). This is where the company raises funds.

The secondary market allows investors to trade previously issued shares among themselves. On Lise, the secondary market is accessible 24/7 — something not yet possible on other European markets.

Liquidity refers to the ease with which a security can be bought or sold on a market, without significant delay or major price fluctuation. Lise aims to improve liquidity for SME and mid-cap shares by offering a secondary market accessible 24/7.

The order book is the tool that records in real time all buy and sell orders for a security on the market. It allows you to view the quantities requested or offered at each price, and to track the evolution of supply and demand. On Lise, the order book is updated automatically.

Shares acquired on Lise confer the fundamental rights attached to financial securities, the exercise of which may vary depending on the terms set by the company (the issuer):

• Dividend rights: entitlement to a share of profits, subject to the company's decision to distribute them.
• Voting rights: participation in strategic decisions at the General Meeting, if the issuer has enabled this right.
• Right to information: access to financial reports and regulatory announcements published by the company.

Thanks to its technology platform and the digitalisation of securities, Lise simplifies and streamlines the management of these processes (voting, dividend payments, etc.) for listed companies and their shareholders.

• Risk of capital loss: the value of your securities may fall, or even become worthless, depending on the company's performance or market conditions.
• Liquidity risk: you may not find a buyer to sell your securities quickly at your desired price.
• SME/mid-cap specific risk: small and medium-sized companies are often more sensitive to economic fluctuations.
• Volatility risk: the value of securities can fluctuate significantly, both upward and downward.

It is essential to invest only savings you do not need in the short term. Lise does not provide personalised investment advice.

All opportunities are accessible directly on the platform, via the list of ongoing public offerings and securities already listed on the secondary market. Each company has its own dedicated page with its information document and legal, accounting, and financial documents.

What documents should I read before investing?

• The regulatory information document (ID)
• The subscription guide
• The ESG report (if available)
• The transaction timetable and associated terms

Yes. In accordance with the Lise market operating rules, any order may be modified or cancelled as long as it has not been executed.

The extension clause allows, in the event of strong demand, the number of shares issued during an IPO to be increased by up to 15%.

You are automatically notified if the extension clause is activated for an offering in which you are participating.

There is no oversubscription on Lise. Once the target amount is raised, the order book closes and no further subscriptions are accepted. All subscription orders placed before that point are served in full — there is no allocation reduction.

Your shares are allocated at the end of the subscription period, as indicated in the timetable for each IPO. Once the capital increase is confirmed, the shares are automatically recorded in your securities account.

Once your subscription order is submitted, you receive a notification and a confirmation email summarising the details of your order.

When your order is executed, after the capital increase is completed and the shares are recorded in your account, you receive a Subscription Certificate. This document serves as proof of your participation in the IPO and details the terms of your investment.

You can also track the status of your order at any time in your portfolio, under "Transaction history".

The Lise secondary market is accessible 24/7, including weekends and public holidays. You can buy or sell securities, track your pending orders, or place new ones at any time.

At the opening of the secondary market (end of April 2026), only limit orders are available. Three order types will eventually be offered:

• Limit order: you set a maximum price for buying or a minimum price for selling. The order is only executed if a counterparty is found at that price or better. Recommended for controlling your execution price.
• Market order: executed immediately at the best available price in the order book. Use when speed of execution takes priority over price.
• Best limit order: automatically takes the best available price in the order book, without exceeding it. A balance between speed and price control.

All orders are processed according to price priority, then time priority. Market orders and best limit orders will be rolled out in the following months.

By default, an order remains active in the order book until it is fully executed or cancelled by the investor.

When placing an order, however, you have the option to set a validity period (for example: valid for the day, until a given date, etc.).

Setting a validity period can be useful to:

• maintain control over your strategy (avoid an order remaining active too long if market conditions change)
• adapt to your investment horizon

Yes, fees apply when buying or selling securities on Lise, but not when subscribing to an IPO.

These fees correspond to a percentage of the transaction amount, and vary according to your level of activity on the market. They range from 0.10% to 0.25%, depending on the total volume you have traded over the past 6 months (primary and secondary market, all securities combined).

For more details on the applicable terms, please refer to our pricing policy.

When the company distributes dividends, they are automatically credited to your Lise portfolio.

You can then keep them on the platform to reinvest, or withdraw them to your bank account at any time.

You can track your investments from your dashboard or in the "Portfolio" section. You have access to:

• The complete list of securities you currently hold
• The number of shares per company and their unrealised returns
• Your transaction history (purchases, sales, subscriptions)
• News related to the companies you have invested in

Data is updated in real time.

Your portfolio value measures the change in the total value of your investments in securities listed on Lise. It takes into account the variation in market price of your securities, dividends received, and gains or losses realised on your sales.

Your personal area displays in real time the securities you hold, their current value, and your transaction history. You also receive notifications for important events: general meetings, financial publications, dividend distributions.

Yes. Lise is licensed by the ACPR and supervised by the AMF and the Bank of France as an investment firm authorised to operate a DLT multilateral trading facility and a DLT settlement system (DLT TSS), under the European DLT Pilot Regime (Regulation EU 2022/858).

Its licensing application was reviewed by the AMF, Banque de France, ACPR, European Central Bank (ECB), and ESMA (European Securities and Markets Authority).

Please find below the link to the Market Rules on the AMF website: https://www.amf-france.org/fr/reglementation/regles-professionnelles-approuvees/decision-dapprobation-des-modifications-de-regles-du-systeme-multilateral-de-negociation-lise

European Regulation 2022/858, known as the "DLT Pilot Regime", is a regulatory framework that allows market infrastructures to use blockchain technology (DLT) to issue, record, and trade financial securities.

In force since March 2023, it authorises for the first time stock exchanges natively built on blockchain within a secure legal framework. Lise is one of the only infrastructures in Europe to have obtained this licence.

You can find the Terms of Use (ToU) directly on the platform.

Site publisher

Lise SA, a public limited company (société anonyme) with share capital of €3,000,000, registered with the Paris Trade and Companies Register under number 938 642 709, with registered office at 40 rue du Colisée, 75008 Paris.

EU VAT number: [to be completed]

Investment firm licensed by the Autorité de contrôle prudentiel et de résolution (ACPR), 4 place de Budapest, 75009 Paris, under CIB number 18883.

Supervised by the Autorité des Marchés Financiers (AMF), 17 place de la Bourse, 75002 Paris.

Publication director: [Name of legal representative – to be confirmed]

Contact: contact@lise.com

Personal data protection

Lise SA processes your personal data in accordance with Regulation (EU) 2016/679 (GDPR). For details on how your data is collected, processed, and how to exercise your rights, please refer to our Privacy Policy.

Data Protection Officer: dpo@lise.com

Intellectual property

All content on the website www.lise.com (text, images, logos, trademarks, software) is the property of Lise SA or its partners and is protected under intellectual property law. Any reproduction, representation, or distribution, in whole or in part, without prior written authorisation, is prohibited.

Mediation

In the event of a complaint, you may contact Lise in accordance with our Complaints Handling Procedure. If you are not satisfied with Lise's response, you may refer the matter to the AMF Ombudsman, preferably via the online form at www.amf-france.org, or by post: Autorité des marchés financiers – La médiation – 17 place de la Bourse – 75082 Paris Cedex 02.

Lise digitalises the entire listing process — from application preparation to trading — by replacing complex regulatory prospectuses with a regulated Information Document. This reduces timelines to 4 to 6 months and significantly lowers costs.

Listing on Lise gives you access to diversified capital, strengthens your company's credibility with partners, clients, and employees, and provides governance and liquidity tools previously reserved for large listed companies.

Investors look for a documented growth track record, solid financial fundamentals, a credible management team, and a clear strategic vision over a 3 to 5-year horizon. Our teams help you structure these elements as part of the preparation process.

Lise's support covers the entire cycle: documentation drafting, regulatory compliance, roadshow coordination, registry management, corporate actions, general meeting notices, and dividend distribution.

When your company is looking to fund a significant growth phase, prepare for an acquisition, or provide liquidity to its shareholders. Ideally with a funding requirement of €2 to €12M and a 12 to 18-month horizon.

Your data is used solely to manage your account, verify your identity, and execute your transactions. We do not sell your data.

Everything is detailed in our Privacy Policy available at lise.com. For any questions: dpo@lise.com.

Access to data is limited to authorised individuals on a need-to-know basis. Lise may share certain data with subcontracted service providers (identity verification, hosting, cloud, communications, maintenance) acting solely on Lise's instructions and bound by strict obligations.

Data may also be transmitted to authorities when required by law (AMF, ACPR, Banque de France, TRACFIN, CNIL).

From your Personal Area, you can view your account and securities balances and history at any time. To exercise your rights (access, rectification, deletion, portability), write to: dpo@lise.com.

Going public on Lise offers several strategic advantages:

• Access to capital: raise funds from retail and institutional investors, without relying solely on banks or private equity.
• Visibility and credibility: strengthen your image and reputation with clients, partners, and future employees.
• Capital liquidity: existing shareholders can sell part of their shares on the secondary market.
• Governance structure: listing encourages more rigorous and transparent governance.
• Easier refinancing: a listed company can carry out follow-on fundraises more easily.

Strengthening equity (via an IPO) allows you to fund growth without repayment obligations or interest charges, offering greater financial flexibility and improved future borrowing capacity. Conversely, debt involves regular repayments and generates financing costs, but does not dilute ownership. Both approaches are complementary depending on the company's stage of development.

• Legal form: be incorporated as an SA or SCA.
• Financial health: have a track record of performance and a solid business plan.
• Governance: have a clear governance structure and competent decision-making bodies.
• Transparency: be able to publish regular and accurate financial information.
• Compliance: meet the regulatory requirements related to listing.

Each application undergoes a thorough eligibility review by Lise.

IPOs on Lise allow you to raise between €2 and €12 million without the requirement to publish an AMF-approved prospectus (from June 2026 under the European Listing Act). Above this threshold, an AMF-approved prospectus is required.

Between 4 and 8 months depending on the complexity of the application, divided into four phases: selection (1 month), preparation (2 to 4 months), roadshow (1 to 2 months), and subscription period (up to 15 days).

Issuers have access to a dedicated dashboard with real-time visibility of their shareholder composition, market data, transaction history, and regulatory reporting modules.

Lise operates a continuous market, 24/7, with a transparent order book. Market-making mechanisms and access to a network of qualified investors help maintain liquidity after listing.

If the listing is not completed, subscribed funds are returned in full to investors. The specific terms are contractually defined during the preparation phase.

The IPO process on Lise unfolds in three main phases over 4 to 6 months:

1. Preparation (2-3 months): conversion to SA if required, legal and financial due diligence, drafting of the Information Document (ID), preparation of communication materials.
2. Pre-roadshow: meetings with institutional investors to test market appetite and refine the valuation.
3. Roadshow and primary market (15 days): official opening of the subscription period, accessible to all investors on Lise.

The Information Document (ID) is the central document for an IPO on Lise. It provides a concise overview of all the essential information investors need before subscribing: description of the company's activities, development plan, financial position, risks, governance, and transaction details (number of shares, price, timetable).

An Information Document is prepared in accordance with the Lise Operating Rules for any public offering conducted on the Platform. More concise than a prospectus, it serves as the primary transparency document for investors.

• Information Document (ID) — main regulatory document
• Legal documents: SA articles of association, general meeting resolutions, financial delegations, capital increase certification
• Financial documents: financial statements for the last two years, capitalisation table, financing plan
• Shareholder documents: updated shareholders' agreement, register of beneficial owners
• Marketing materials: investor presentation, press releases

Lise supports the issuer in compiling this documentation.

Book a meeting with our Issuer team

• Financial disclosure: annual and half-yearly reports on results and financial position.
• Regulatory announcements: prompt disclosure of any material event likely to affect the share price (change of management, acquisition, etc.).
• MAR obligations (Market Abuse Regulation): management of inside information, insider lists, prohibition of insider trading.
• Shareholder registry management: handled by Lise.
• General meetings: organisation of GMs with shareholder voting rights via the Lise platform.

Post-IPO support is fully included in the issuer agreement and covers: shareholder registry management, corporate actions (dividends, general meetings, voting rights), access to secondary market monitoring tools, and ongoing technical support.

Dividend distribution is organised by Lise on behalf of the issuer. The issuer transfers the funds required for distribution, which are then automatically allocated among shareholders recorded in the registry on the record date.

Yes, dividends received through Lise are taxable, according to the applicable tax rules for investment income.

By default, they are subject to the flat-rate withholding tax (PFU) of 30%, comprising:

• 12.8% income tax
• 17.2% social contributions

However, you may opt for taxation under the progressive income tax scale. In this case, dividends benefit from a 40% allowance on their gross amount (subject to conditions).

We recommend consulting your tax adviser to determine which regime best suits your situation.

The IR-PME scheme (also known as the Madelin tax relief) allows French taxpayers to claim an income tax reduction equal to 18% of the amount invested in an eligible SME's share capital. This scheme is designed to encourage equity financing for small businesses.

Some SMEs listed on Lise may be eligible for this scheme — check the status of each company on its dedicated profile page.

Please verify the applicable rate with your tax adviser.

No. It is not possible to combine the PEA-PME tax benefit with the IR-PME tax reduction for the same investment. The BOFiP (official French tax guidelines) clearly states that these benefits cannot be combined for the same subscription. However, you can use both schemes for separate investments.

Article 150-0 B ter of the French Tax Code (Code général des impôts /CGI) allows capital gains tax on the sale of securities to be deferred, provided the proceeds are reinvested in the share capital of an eligible company within a specified timeframe.

This is a particularly attractive scheme for entrepreneurs who sell their business and wish to reinvest in other SMEs. Consult a tax adviser to assess whether this scheme applies to your situation.

If needed, you can use the dedicated forms provided:

• Complaint form: download, complete, and send by email
• Emergency form: use in situations requiring priority handling

👉 Download the forms here: [Link to forms]

📩 Once completed, please send them to: support@lise.com

We recommend providing as much detail as possible to help us process your request efficiently.