Bekaert announces that the liquidity agreement entered into on September 2, 2021 with Kepler Cheuvreux in relation to its ordinary shares admitted to trading on Euronext Brussels (ISIN code BE0974258874) is extended by one year from today. This agreement provides for the purchase and sale of Bekaert shares by Kepler Cheuvreux on the regulated market of Euronext Brussels.

Kepler Cheuvreux will act on Bekaert’s behalf and under a discretionary mandate as approved by Bekaert’s Extraordinary General Meeting on May 13, 2020.

Subject to the conditions set by this extraordinary general meeting, (i) the total number of treasury shares held by Bekaert under this authorization may never exceed twenty percent of the total number of outstanding Bekaert shares and (ii) the shares must be subscribed at a price between one euro and thirty percent above the arithmetic mean of the closing price of Bekaert shares during the last thirty trading days before the Board of Directors decided to exercise the authorization of the extraordinary general meeting (the average closing price was €31.739 per share).

The program is renewed for a renewable period of one year. Bekaert contractually reserves the right to terminate the liquidity contract at short notice.

To implement the program, Bekaert Kepler provided Cheuvreux with 100,000 of its own shares. The extension of the liquidity contract does not require an additional contribution.

The purpose of the liquidity contract is to support the liquidity of the Bekaert shares on Euronext Brussels.

The transactions are reported weekly through press releases posted on Bekaert’s website: