WEG S A : acquires instrument transformers and measuring sets business in Itajubá / MG, Brazil

WEG S.A.

A PUBLICLY LISTED COMPANY

CNPJ nº 84.429.695/0001-11

NOTICE TO THE MARKET

WEG acquires instrument transformers and measuring sets business in Itajubá / MG, Brazil

WEG S.A. (B3: WEGE3 / OTC: WEGZY) announces to its shareholders and the general market that it has signed an agreement for the acquisition of the entire capital stock of Balteau Produtos Elétricos Ltda., a manufacturer of instrument transformers and measuring sets located in Itajubá, Minas Gerais State, Brazil.

Traditional company in its segment, with long history operating in Brazil, Balteau has a manufacturing site of 11,800 m² with state-of-the-art equipment and facilities. With a workforce of 350 employees, the company specializes in the design, manufacturing, electrical testing, and technical services of current transformers and capacitive voltage transformers up to 550 kV, inductive voltage transformers up to 145kV, and measurement sets up to 36kV, products currently not part of WEG portfolio. Net revenue in 2020 was R$ 121.7 million.

The transaction is subject to certain conditions and approval from the local competition authorities (CADE - Administrative Council for Economic Defense).

WEG clarifies that this acquisition will not trigger withdrawal rights as the transaction does not fit into any of the situations foreseen in Article 256 of Law nº 6.404/76, amended by Law nº 10.303/01. The amount paid in the acquisition does not represent a relevant investment for the purchaser or does the average price of each share fit any of the hypotheses described in section II of the previously mentioned article.

Jaraguá do Sul, September 14, 2021

André Luís Rodrigues

CFO and IRO