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Subscription of a second block of 1 million euros

DELTA DRONE announces YA GLOBAL MASTER SPV’s exercise of the second of ten warrants (BEOCABSA), resulting in the subscription by YA GLOBAL MASTER SPV for the second block of convertible notes with warrants attached (OCABSA), corresponding to 100 convertible notes (OCA) with a face value of 10,000 euros each, as well as the attached warrants (BSA).

This transaction falls under the framework of the contract for the issue of the OCABSA entered into between DELTA DRONE and YA GLOBAL MASTER SPV in February 2015 and approved by the ordinary and extraordinary general shareholders’ meeting of 21 May 2015. On the same day, the Board of Directors decided to issue the 10 BEOCABSA corresponding to the 10 blocks of OCABSA provided for under the contract.

As with the previous transaction, the convertible notes and the attached warrants will be the subject, particularly as regards the creation of new shares, of a chart that is to be updated on a regular basis and made available on the DELTA DRONE website (www.deltadrone.com).

Concerning this contribution of 1 million euros in new financial resources, Christian Viguié, Chairman and CEO of the Group, said, “the exercise by YA GLOBAL MASTER SPV of a second block of OCABSA is part of the normal process resulting from the contract signed in February 2015 and approved by the extraordinary general shareholders’ meeting on 21 May 2015. Available cash amounted to close to 4 million euros at the end of October.

The success of services offered based on a complete chain of value built on real expertise in the field is evident and places Delta Drone in a unique position in the field of civilian drones for professional use, a position that is very different from those – that may seem more advantageous in the short‐ term – of players focused on the sale of drones, at times in disregard of international laws and regulations concerning dual‐use goods.”

About Delta Drone: The Delta Drone Group is a renowned player in the field of civilian drones for professional use. It offers a complete service, from data acquisition to data processing through a specifically developed information system, including a supply of professional pilots. These pilots are trained and certified by EFD, a subsidiary of the Group, and local partners.

Delta Drone is listed on the Alternext market of Euronext Paris. ISIN code: FR0011522168.

www.deltadrone.com

Contact : Aélium

Jérôme Gacoin
01 75 77 54 65

Download press release of November 26, 2015

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