FEMSA initiated proceedings to have the remaining free float of Valora shares cancelled

Valora Holding AG / Key word(s): Miscellaneous FEMSA initiated proceedings to have the remaining free float of Valora shares cancelled 02-Nov-2022 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to article 53 LR With the completion of the public tender offer by its wholly-owned subsidiary Impulsora de Marcas e Intangibles, S.A. de C.V., on 7 October 2022 Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA"; BMV: FEMSAUBD.MX; FEMSAUB.MX; NYSE: FMX) reached a holding of 97.77% of the share capital of Valora Holding AG ("Valora"; SIX: VALN). Through its wholly-owned subsidiary, FEMSA has since exceeded the threshold of 98% of the share capital and votes. As a result, on 1 November 2022 FEMSA, via its wholly-owned subsidiary, initiated proceedings before the competent court to have the remaining free float of Valora share cancelled. Upon completion of this process the remaining Valora shareholders will receive a cash settlement equivalent to the tender price of CHF 260.00 per share. Cancellation proceedings generally take five to six months.  As FEMSA announced in the Offer Prospectus of 26 July 2022, Valora will now apply to SIX Swiss Exchange AG to have Valora shares delisted with effect from the date on which the cancellation ruling takes effect and to be released from certain information and publicity regulations set out in the Listing Rules for the period up to the date of the delisting. This ad hoc announcement is available online at www.valora.com/newsroom. About Valora Each and every day, around 15,000 employees in the Valora network work to brighten up their customers’ journey with a comprehensive foodvenience offering – nearby, quick, convenient and fresh. The around 2,700 small-scale points of sale of Valora are located at highly frequented locations in Switzerland, Germany, Austria, Luxembourg and the Netherlands. The company includes, among others, k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo, Frittenwerk and the popular own brand ok.– as well as a continuously growing range of digital services. Valora is also one of the world’s leading producers of pretzels and benefits from a well-integrated value chain in the area of baked goods. In 2021, Valora generated annual external sales of CHF 2.2 billion. The Valora Group with its registered office in Muttenz in Switzerland is the European retail unit of Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA). The registered shares of Valora Holding AG (VALN) are traded on SIX Swiss Exchange AG.  More information is available at www.valora.com. If you have any questions, please do not hesitate to contact: Investor Relations Annette Carrer-Martin Fon [phone] [e-mail] Media Relations Martin Zehnder Fon [phone] [e-mail] Disclaimer  This document contains forward-looking statements referring to topics that are not based on historical fact and cannot otherwise be proven by referring to past events. Forward-looking statements are based on our current expectations and assumptions and are subject to uncertainties as well as known and unknown risks. These uncertainties and risks, along with other factors, may mean that actual future events and developments, including Valora’s results, financial position and development, significantly deviate from what was explicitly or implicitly stated or assumed in the forward-looking statements. The information, opinions and forward-looking statements contained in this document only apply at the time of publication. Valora is not obligated to review or update forward-looking statements in light of new information or future developments or for any other reasons. This media release is not intended as a recommendation to buy securities. End of Inside Information

1476881  02-Nov-2022 CET/CEST