Bekaert - Update on the Share Buyback Program and the Liquidity Agreement

Bekaert

Update on the Share Buyback Program and the Liquidity Agreement
Period from 23 June 2022 to 29 June 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the second tranche of €30 million started on 11 May 2022.

Bekaert announces today that during the period from 23 June 2022 to 29 June 2022, Kepler Cheuvreux on behalf of Bekaert has bought 105 861 shares.

The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 23 June 2022 and 29 June 2022:

	Repurchase of shares
Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price paid (€)	Total Amount (€)
23 June 2022	XBRU	9 905	32.47	33.00	32.12	321 615
	CEUX	7 687	32.49	33.02	32.24	249 751
	TQEX	1 349	32.50	32.90	32.26	43 843
	AQEU	1 964	32.48	33.00	32.20	63 791
24 June 2022	XBRU	10 006	32.47	32.86	32.02	324 895
	CEUX	7 680	32.46	32.82	32.08	249 293
	TQEX	1 385	32.50	32.82	32.08	45 013
	AQEU	1 859	32.48	32.84	32.12	60 380
27 June 2022	XBRU	9 971	33.12	33.50	32.76	330 240
	CEUX	7 635	33.11	33.42	32.74	252 795
	TQEX	1 309	33.10	33.42	32.88	43 328
	AQEU	1 963	33.13	33.48	32.78	65 034
28 June 2022	XBRU	9 976	33.02	33.76	32.30	329 408
	CEUX	7 828	33.03	33.62	32.38	258 559
	TQEX	1 395	32.94	33.62	32.40	45 951
	AQEU	1 985	32.99	33.64	32.42	65 485
29 June 2022	XBRU	10 126	32.37	32.78	32.10	327 779
	CEUX	8 231	32.37	32.72	32.10	266 437
	TQEX	1 526	32.36	32.70	32.16	49 381
	AQEU	2 081	32.37	32.72	32.12	67 362
Total		105 861	32.69	33.76	32.02	3 460 338

As announced on 25 February 2022 and 11 May 2022, the purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled.

Liquidity agreement

In the context of the liquidity agreement entered into by Bekaert with Kepler Cheuvreux on 2 September 2021 (see press release of 3 September 2021), Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 10 101 shares during the period from 23 June 2022 to 29 June 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 801 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 23 June 2022 to 29 June 2022:

Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
23 June 2022	4 400	32.32	32.64	32.10	142 208
24 June 2022	1	32.30	32.30	32.30	32
27 June 2022	0	0.00	0.00	0.00	0
28 June 2022	3 900	32.46	32.80	32.30	126 594
29 June 2022	1 800	32.22	32.28	32.20	57 996
Total	10 101	-	-	-	326 830

Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
23 June 2022	0	0.00	0.00	0.00	0
24 June 2022	2 001	32.60	32.80	32.30	65 233
27 June 2022	1 800	33.22	33.50	33.00	59 796
28 June 2022	1 000	33.45	33.50	33.40	33 450
29 June 2022	0	0.00	0.00	0.00	0
Total	4 801	-	-	-	158 479

The balance held by Bekaert under the liquidity agreement at the end of the period is 82 822 shares.

On 29 June 2022 after closing of the market, Bekaert holds 2 870 699 own shares, or 4.87 % of the total number of the outstanding shares.

Attachment

• p220701E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement