Statement from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company “Optus 1011. GmbH” of the regulatory reporting activity and asset-liability management solutions of the group “Moody’s Analytics Inc.”

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information has been prepared by the notifying party, which is solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.

Names of the companies and groups involved:

• The acquirer: “Optus 1011. GmbH”;
• The target: Regulatory reporting activity and asset-liability management solutions of the group “Moody’s Analytics Inc.”;

Nature of the operation

• Exclusive takeover.

Economic sectors concerned

• Market for software solutions in the field of business analysis.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this statement, i.e., March 2, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project concerning the exclusive takeover by the company “Optus 1011. GmbH” of the regulatory reporting activity and asset-liability management of the group “Moody’s Analytics Inc.” These assets are held by 16 entities, all ultimately controlled by “Moody’s Corporation”.

“Optus 1011. GMBH” is a German limited liability company registered with the local court registry of Frankfurt am Main under number HRB 135615, with its registered office at Hanauer Landstraße 121, 60314 Frankfurt am Main, Germany. “Optus 1011. GMBH” is an ad hoc company controlled by the investment fund “Nordic Capital”.

“Nordic Capital” is an international private equity fund dedicated to building stronger and more sustainable businesses through operational improvement and transformative long-term growth in partnership with management teams.

“Moody’s Analytics Inc.” is a US corporation registered under Delaware law, registered with the Division of Corporations, Department of State under number 2383228, with its headquarters at the Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware. “Moody’s Analytics Inc.” provides economic research on risks, performance, and financial modeling, as well as consulting, training, and software services.

The regulatory reporting activity of “Moody’s Corporation” offers specialized software solutions to businesses, focusing on financial services, accounting, regulatory reporting, and risk management.

Done in Rabat on February 19, 2026.