Not for distribution, directly or indirectly, in the United States of America, Canada, Australia or Japan.

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1 Paris, February 15 th 2016 Success of the issue, by private placement, of net share settled bonds convertible into new shares and/or exchangeable for existing and/or new shares (ORNANE), due 19 February 2021, for a nominal amount of 5,5 million euros ECOSLOPS announces the successful issue of net share settled bonds convertible into new shares and/or exchangeable for existing shares (ORNANE) (the Bonds ) of a nominal value of 9 euros, by private placement, representing a nominal amount of euros. It is being specified that this issuance was subscribed for euros by historical shareholders or Board members, which includes euros by set-off of claims. The purpose of the issuance of the Bonds is to finance the Portuguese subsidiary and new projects of the Company. The Bonds will bear interest at an annual nominal rate of 5 %, payable annually in arrears on 19 th February of each year (or if such date is not a working day, the following working day). It is being specified that the Company renounced to its possibility to capitalize the interests until the second anniversary of the issue date. Furthermore, if the conversion right is not exercised, the Bonds will get a premium of an annual rate of 7 %, calculated on the basis of 365 days by period of 12 entire consecutive months, expired and payable at the Maturity Date or, if this occurs, at the early redemption date (for the early redemption cases exposed in (2)(a) and (2)(c) hereinafter) or the early payment date. This premium will be capitalized until its full payment. If the Company redeem the Bonds in advance based on (2)(b) hereinafter, no premium resulted from the nonexercise conversion right will be due. The nominal value per Bond has been set at 9 euros, representing a premium of 35,5 % over the volumeweighted average price of the Company s share price quoted on the Alternext market from January 11st, 2016 to February 5 th, The Bonds will be issued at par on February 19 th, 2016 at the latest, planned date for the settlement-delivery of the Bonds, and will be redeemed at par on February 19 th, 2021 (or the following working day if this date is not a working day).

2 Early redemption of the Bonds at the discretion of the Company The Company may redeem the bonds in advance, provided certain conditions are met, including: (1) At any time, for all or part of the Bonds, without limitation as to price or quantity, by repurchases or by means of buyback or exchange offers; (2)(a) As of February 19 th, 2018 and until the normal redemption date, for all outstanding Bonds, subject to a minimum 40 trading days prior notice, by redemption at par plus (i) interest accrued since the most recent interest payment date preceding the early redemption date, until the date set for early redemption, and (ii) premium of non-exercised of the conversion right, accrued since the issue date, until the early redemption date, provided that the product (i) of the current share allocation ratio and (ii) of the arithmetic mean of the average price of the Company s share price weighted by the daily volume exchanged during a 20 consecutive trading days period during which the share is quoted, chosen by the Company among the 40 consecutive trading days preceding the publication date of the notice announcing the early redemption, is lower or equal to 140 % of the nominal value of the Bonds; (2)(b) At any time until the normal redemption date, for all the outstanding Bonds, subject to a minimum 40 trading days prior notice, by redemption at par plus interest accrued since the most recent interest payment date preceding the early redemption date, until the date set for early redemption, provided that the product (i) of the current share allocation ratio and (ii) of the arithmetic mean of the average price of the Company s share price weighted by the daily volume exchanged during a 20 consecutive trading days period during which the share is quoted, chosen by the Company among the 40 consecutive trading days preceding the publication date of the notice announcing the early redemption, exceeds 140 % of the nominal value of the Bonds; (2)(c) At any time, for all the outstanding Bonds, subject to a minimum 40 trading days prior notice, by redemption at par plus (i) interest accrued since the most recent interest payment date preceding the early redemption date, until the date set for early redemption, and (ii) premium of non-exercise of the conversion right accrued since the Issue Date until the early redemption date, if the number of outstanding Bonds is lower than 15 % of the number of issued Bonds. Early redemption of the Bonds at the discretion of bondholders upon Change of Control In case of Change of Control, any bondholder may, at its option, request the early redemption in cash of all or part of their Bonds, at a price equal to par plus accrued interest and premium of non-exercise of the conversion right. Conversion Right Bondholders may exercise their conversion right at any time from the issue date and until the 29 th trading day (inclusive) preceding the maturity date or the early redemption date. The conversion ratio is set at one share per Bond subject to adjustments in certain cases. Upon exercise of their conversion right, bondholders will receive, at the option of the Company, either cash amount only, or a combination of cash amount and new and/or existing ECOSLOPS shares or new and/or

3 existing ECOSLOPS shares only. The ECOSLOPS new shares and/or existing eventually delivered shall carry current dividend rights. Dilution By way of example, upon exercise of the conversion rights of all Bonds issued, if the Company decided to deliver only new shares, the dilution would be 20 %. Legal framework of the issue Placement The issue of the Bonds is carried out, without preferential subscription rights or priority subscription period of shareholder, as per the 22 nd resolution of the extraordinary session of the Company s Combined General Meeting held on 14 October 2014 under which shareholders have waived their preferential subscription right to the Bonds. The Bonds have been offered only by way of a private placement in France and outside France (excluding the United States of America, Canada, Australia and Japan) to persons referred to in Article L II of the French monetary and financial code (Code monétaire et financier) between February 9 th and February 12 th The Bonds will be issued at par on February 19 th 2016 at the latest, planned date for the settlementdelivery of the Bonds. The Bonds will not be admitted to trading on a regulated market. Available information The offering of the Bonds is not subject to a prospectus approved by the French Financial Market Authority (Autorité des marchés financiers) (the AMF ). Detailed information on ECOSLOPS, including business, results, prospects and related risk factors are described in the Company s base document filed with the AMF on November 5 th, 2014 under number I (the Base Document ), in the annual report 2014 and the semi-annual report on June 30 th, 2015, which are available free of charge at the Company s registered office and on the website of ECOSLOPS ( Other regulated information and all the press releases of ECOSLOPS are available on the website of ECOSLOPS ( ECOSLOPS draws the attention of the public to the risk factors described in pages 9 to 25 of the Base Document. Important information This press release does not constitute or form part of any offer or solicitation to subscribe for the Bonds and the offering of the Bonds is not an offer to the public in any jurisdiction, including France. Follow us on

4 About ECOSLOPS: ECOSLOPS has developed and implement a unique technology to upgrade maritime transport oil residues (slops and sludges) into marine fuels and light bitumen. The solution proposed by ECOSLOPS is based on a unique micro-refining industrial process that transforms these residues into commercial products that meet international standards. ECOSLOPS offers an economical and ecological solution to port infrastructure, waste collectors and ship owners through its processing plants. The first industrial unit is based in Sines, Portugal s largest commercial port. ECOSLOPS is listed on Alternext in Paris (ISIN: FR ; Ticker: ALESA) and is PEA PME eligible. Contacts : ECOSLOPS Laurent Chatin Chief Financial Officer investisseur@ecoslops.com NewCap Investor relations Marc Willaume ecoslops@newcap.eu DISCLAIMER This press release may not be distributed directly or indirectly in the United States of America, in Australia, in Canada or Japan. Information included in this press release does not constitute an offer of securities in the United States of America, in Canada, in Japan, or in Australia. No communication or information relating to the issue by ECOSLOPS of net share settled bonds convertible into new shares and/or exchangeable for existing shares (the "Bonds") may be transmitted to the public in a country where there is a registration obligation or where an approval is required. No action has been or will be taken outside of France, in any country in which such action would be required. The issue or the subscription of the Bonds may be subject to legal and regulatory restrictions in certain jurisdictions; ECOSLOPS assumes no liability in connection with the breach by any person of such restrictions. This press release is an advertisement and not a prospectus within the meaning of the Prospectus Directive (as defined hereinafter). This press release does not constitute and should not be regarded as an offer to the public, an offer to subscribe or designed to solicit public interest for purposes of an offer to the public.

5 France The Bonds have not been and will not be offered or sold, directly or indirectly, to the public in France. Any offer or sale of Bonds or distribution of offering documents have been and will be carried out in France only to (a) persons providing investment services relating to portfolio management for the account of third parties (personnes fournissant le service d investissement de gestion de portefeuille pour compte de tiers), and/or (b) qualified investors (investisseurs qualifiés) and/or a restricted circle of investors (cercle restreint d`investisseurs) acting for their own account, as defined in Articles L II, D and D of the French Monetary and Financial Code. European Economic Area outside of France With respect to Members States of the European Economic Area other than France which has implemented the Prospectus Directive (the "Member State"), no action has been undertaken or will be undertaken to make an offer to the public of Bonds requiring the publication of a prospectus in any Member State. As a result, Bonds may only be offered in each Member State: a. to qualified investors, as defined in the Prospectus Directive; or b. to less than 150 individuals or legal entities (other than qualified investors as defined in the Prospectus Directive); or c. in any other circumstances under Article 3(2) of the Prospectus Directive; and provided that no such offer of Bonds referred to in (a) to (c) above shall require ECOSLOPS or the institutions in charge of the offering of a prospectus in accordance with the provisions of Article 3 of the Prospectus Directive or a supplement to the prospectus in accordance with the provisions of Article 16 of the Prospectus Directive, to publish. For the purposes of this paragraph, as defined in the Prospectus Directive, (i) the expression "offer to the public of Bonds" in each of the Members States, which has implemented the Prospectus Directive (as defined below), means the communication, to individuals or legal entities, in any form and by any means, of sufficient information on the terms and conditions of the offering of Bonds and on the Bonds to be offered, thereby enabling an investor to decide to purchase or subscribe the Bonds, as this definition was, if applicable, modified in the relevant Member State in the context of the implementation of the Prospectus Directive, (ii) the expression "Prospectus Directive" means the 2003/71/EC Directive as implemented by the relevant Member State (as amended, also by the provisions of the Amended Prospectus Directive, as soon as the implementation will be made by the relevant Member State) and (iii) the expression " Amended Prospectus Directive" means the 2010/73/EU Directive as implemented by the relevant Member State. United States of America This press release may not be published, distributed or transmitted in the United States of America (including its territories and dependencies, any State of the United States of America and the district of Columbia). This press release does not constitute any offer or solicitation to purchase for securities in the United States of America. The securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or other

6 jurisdiction of the United States of America and may not be offered or sold in the United States of America, except pursuant to an exemption from the registration requirements of the Securities Act and in compliance with applicable state securities laws. The Bonds will be offered or sold only outside of the United States of America in the context of offshore transactions in accordance with Regulation S of the Securities Act. ECOSLOPS does not intend either to register the offering of shares in whole or in part or to make public offer in the United States of America. United Kingdom This press release is only directed at persons (i) who are located outside the United Kingdom, (ii) who have professional experience in matters relating to investments (investment professionals) and fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, hereinafter the "Financial Promotion Order"); (iii) who are falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order, or (iv) to whom this press release may otherwise lawfully be communicated (all persons mentioned in paragraphs (i), (ii), (iii) and (iv), together being referred to as "Relevant Persons"). The Bonds are directed only at Relevant Persons and no invitation, offer or agreement to subscribe, purchase or otherwise acquire Bonds (and new or existing issued or allocated shares upon exercise of the Conversion Right in respect of the Bonds) may be proposed or made other than with Relevant Persons. Any person other than a Relevant Person may not act or rely on this press release or any of its contents. This press release is not a prospectus and has not been approved by the Financial Services Authority or any other United Kingdom regulatory authority for the purposes of Section 85 of the Financial Services and Markets Act Canada, Australia and Japan The Bonds may not be offered, sold or purchased in Canada, Australia or Japan. The information contained in this press release does not constitute an offer of securities for sale in Canada, Australia or Japan. The distribution or publication of this press release in certain countries may constitute a breach of applicable laws and regulations. As a result, persons physically present in these countries, in which this press release is circulated, distributed or published, must inform themselves about and comply with these applicable laws and regulations