Colruyt N : Group intends to bring together the energy activities of DATS 24 and Virya Energy

PRESS RELEASE - Halle (Belgium) - 25 October 2022 (17h45 CET)

Colruyt Group intends to bring together the energy activities of

DATS 24 and Virya Energy

Colruyt Group intends to centralise the energy activities of DATS 24 Belgium into the energy holding company Virya Energy. In light of a rapidly changing energy market and increasing attention to sustainable energy, the intended bundling of the forces and expertise of DATS 24 and Virya Energy will boost the companies' clout. This fits with Colruyt Group's long-term strategy, one of the pillars of which is "Energy", which focuses on green, renewable and, above all, usable energy.

Colruyt Group and DATS 24 Belgium: a 50-year track record of sustainable energy and mobility

DATS 24 was established as a fuel supplier in 1972 and has since evolved into Colruyt Group's sustainable fuel specialist and energy supplier. DATS 24 offers all common and alternative energy sources in Belgium: petrol, diesel and AdBlue, and also natural gas (CNG), electricity and hydrogen. DATS 24's ambitions include promoting greener mobility and raising the level of public acceptance of the sustainable energy transition. Today, this translates into investments in renewable energy, such as the expansion of the electric charging infrastructure and the construction of public hydrogen stations. DATS 24 informs and inspires individuals and companies about how to achieve more sustainable mobility via workshops, talks and webinars.

In the financial year 2021/22, DATS 24 recorded a EUR 798 million revenue. DATS 24 has more than 70 employees.

Energy specialist Virya Energy: pioneer in sustainable energy sources

Virya Energy was founded by Colruyt Group and its majority shareholder Korys in late 2019. Virya Energy is active in the development, financing, construction, operation and maintenance of sustainable energy sources, with a focus on offshore and onshore wind energy. Virya Energy, which groups several energy expertise companies, is also active in several projects aimed at producing and marketing green hydrogen.

Joining forces and expertise in a rapidly changing market

Colruyt Group wants to continue to grow, gain further expert knowledge and provide a sustainable offering in four areas of expertise, of which Energy is one. In the current energy crisis, awareness regarding the energy transition has increased significantly among consumers, families and companies. In those dynamics, thanks to its direct link with the energy consumer, DATS 24 will more than ever before play its part as an active, reliable guide. The intention to transfer the energy activities of DATS 24 Belgium to the energy holding Virya Energy thus also fits into that context.

Colruyt Group considers that the best way to achieve the ambitions and growth plans of DATS 24 is by combining the business with that of a strong, complementary market player with extensive knowledge and expertise in the area of sustainable energy and innovation. This should give DATS 24 the opportunity to further build on the momentum towards carbon-free mobility, inter alia by putting the maximum focus on electrification.

DATS 24 and Virya Energy complement each other across the entire energy value chain; from development, financing, construction, operation and maintenance to supply and service offering. Bringing together all energy-related expertise throughout the whole value chain should enable both parties to reinforce one other.

Colruyt Group intends to bring together the energy activities of DATS 24 and Virya Energy

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PRESS RELEASE - Halle (Belgium) - 25 October 2022 (17h45 CET)

The intention is to complete this transaction at the beginning of the financial year 2023/24.

This will however require further studies and analyses, in particular to determine the financial terms of the transaction.

Colruyt Group will in that case act in accordance with the applicable regulations and communicate on further developments

Contact details

For questions on this press release or for further information, please contact:

• Journalists:

1. Maarten Van Houdenhove (Press officer DATS 24) Tel. [phone]

Email: [e-mail]

• 1. Hanne Poppe (Press officer) Tel. [phone] Email: [e-mail]
• Financial journalists and analysts:
  Stefaan Vandamme (CFO) or Mélanie Squilbin (Investor Relations) Email: [e-mail]

About Colruyt Group

Colruyt Group operates in the food and non-food distribution sector in Belgium, France and Luxembourg with more than 700 own stores and approximately 580 affiliated stores. In Belgium, this includes Colruyt Lowest Prices, OKay, Bio-Planet, Cru, Dreamland, Dreambaby, Bike Republic and the affiliated Spar stores. In France, in addition to Colruyt stores, there are also affiliated Coccinelle, CocciMarket and Panier Sympa stores. The group is a majority shareholder of The Fashion Society, which includes the fashion retail chains ZEB, PointCarré and The Fashion Store. JIMS operates fitness clubs in Belgium and Luxembourg. Solucious and Culinoa deliver food service and retail products to professional customers in Belgium (hospitals, SMEs, hospitality sector, etc.). The activities of Colruyt Group also comprise energy supply by DATS 24 in Belgium (fuels, natural gas and green energy) and France (fuels), and printing and document management solutions (Symeta Hybrid). The group employs over 32.000 employees and recorded a EUR 10,0 billion revenue in 2021/22. Colruyt is listed on Euronext Brussels (COLR) under ISIN code BE0974256852.

About DATS 24

DATS 24 is Colruyt Group's fuel specialist and has a network of 144 filling stations throughout Belgium. Customers are able to fill up with traditional as well as alternative fuels: petrol and diesel, but also CNG (compressed natural gas), electricity and hydrogen. 75% of its fuel stations are located on a site of one or several Colruyt Group store formulas. DATS 24 is the largest supplier of natural gas for vehicles in Belgium and pioneers with green hydrogen. Eighty-five filling stations are equipped with a CNG pump and one station also allows individuals to fill up with hydrogen and recharge quickly. Meanwhile, it also has electric charging posts in more than 150 locations. In 2020, DATS 24 started rolling out AdBlue in part of its filling stations. Thanks to its rigorous environmental policy, the fuel specialist has been complying with the strict ISO 14001 standard for years. In January 2019, DATS 24 was the first in Belgium to launch mobile refuelling using the Xtra app. With this initiative, it has again lived up to its pioneering tradition. This app focuses on a smooth and pleasant experience for the customer. In April 2021, DATS 24 starts supplying natural gas and 100% green, local electricity to private customers and families, marking yet another milestone in the history of DATS 24.

About Virya Energy

Virya Energy is active in the development, financing, construction and operation of renewable energy sources. The holding, established at the end of 2019 by Colruyt Group and its majority shareholder Korys, holds 100% of the shares in Parkwind, Eurowatt, Eoly Energy and Sanchore. Virya Energy is set to further develop renewable energy generation capacities and deliver services across the entire value chain of sustainable energy solutions, including storage. Virya Energy and its subsidiaries, based in Belgium, own and operate more than 1 GW of green energy generation capacity globally and are active innumerous green hydrogen initiatives.

Colruyt Group intends to bring together the energy activities of DATS 24 and Virya Energy

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