Bekaert : Update on the Share Buyback Program and the Liquidity Agreement 27 May 2022

Press release

Regulated information

27 May 2022 •08:30 a.m. CET

Update on the Share Buyback Program and the Liquidity Agreement

Period from 19 May 2022 to 25 May 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 19 May 2022 to 25 May 2022, Kepler Cheuvreux on behalf of Bekaert has bought 101 394 shares.

The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 19 May 2022 and 25 May 2022:

Repurchase of shares

	Date			Market			Number of			Average Price			Highest Price			Lowest Price			Total
							Shares			paid (€)			paid (€)			paid (€)			Amount
																			(€)
	19 May 2022		Euronext Brussels	9 184		35.28		35.64		34.88		324 012
				MTF CBOE	8 737		35.26		35.64		34.88		308 067
				MTF Tuquoise	1 111		35.25		35.68		34.86		39 163
				MTF Aquis	1 851		35.26		35.62		34.88		65 266
	20 May 2022		Euronext Brussels	9 041		36.12		36.64		35.58		326 561
				MTF CBOE	8 707		36.10		36.56		35.56		314 323
				MTF Turquoise	1 199		36.10		36.58		35.56		43 284
				MTF Aquis	1 901		36.10		36.56		35.56		68 626
	23 May 2022		Euronext Brussels	8 948		36.15		36.42		35.86		323 470
				MTF CBOE	8 337		36.16		36.44		35.88		301 466
				MTF Turquoise	1 077		36.17		36.52		36.00		38 955
				MTF Aquis	1 858		36.15		36.44		35.94		67 167
	24 May 2022		Euronext Brussels	8 819		35.95		36.34		35.44		317 043
				MTF CBOE	8 353		35.94		36.34		35.42		300 207
				MTF Turquoise	1 069		35.93		36.22		35.44		38 409
				MTF Aquis	1 892		35.94		36.30		35.44		67 998
	25 May 2022		Euronext Brussels	8 507		35.82		36.54		35.48		304 721
				MTF CBOE	7 977		35.84		36.52		35.52		285 896
				MTF Turquoise	1 052		35.91		36.54		35.58		37 777
				MTF Aquis	1 774		35.85		36.44		35.46		63 598
	Total				101 394		35.86		36.64		34.86		3 636 008

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 6 300 shares during the period from 19 May 2022 to 25 May 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 9 219 shares on Euronext Brussels.

Press release

The tables below provide an overview of the transactions under the liquidity agreement during the period from

19 May 2022 to 25 May 2022:

Purchase of shares

	Date			Number of Shares			Average Price (€)			Highest Price (€)			Lowest Price (€)			Total Amount (€)
	19 May 2022	2 900	35.12		35.36		34.90		101 848
	20 May 2022	400	35.50		35.50		35.50		14 200
	23 May 2022	0	0.00		0.00		0.00		0
	24 May 2022	3 000	35.49		35.74		35.30		106 470
	25 May 2022	0	0.00		0.00		0.00		0
	Total	6 300	-		-		-		222 518

Sale of shares

Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
19 May 2022	0	0.00	0.00	0.00	0
20 May 2022	4 000	36.39	36.60	36.18	145 560
23 May 2022	1 700	36.14	36.40	36.00	61 438
24 May 2022	400	36.40	36.40	36.40	14 560
25 May 2022	3 119	36.47	36.56	36.40	113 750
Total	9 219	-	-	-	335 308

The balance held by Bekaert under the liquidity agreement at the end of the period is 70 744 shares.

On 25 May 2022 after closing of the market, Bekaert holds 3 843 635 own shares, or 6.36 % of the total number of the outstanding shares.

This information is also made available on the investor relations pages of our website.

Company profile

Bekaert (bekaert.com) is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with more than 27 000 employees worldwide, headquarters in Belgium and € 5.9 billion in combined revenue in 2021.

Disclaimer

This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Bekaert.

Investor Relations

Elizabeth O'Reilly

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Press Relations

Katelijn Bohez

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