Inclusio SA

Transaction in Own Shares • Dec 22, 2025

Press Release

Brussel, 22 December 2025, 17:35 CET

Regulated Information

Update on the Liquidity Agreement

In relation to the liquidity agreement signed with Kepler Cheuvreux, Inclusio announces today that Kepler Cheuvreux on behalf of Inclusio has bought 542 shares during the period from 15 December 2025 to 19 December 2025 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Inclusio has sold 843 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period mentioned above.

Purchase of shares

Date	Number of shares	Average price (€)	Highest price (€)	Lowest price (€)	Amount (€)
15-Dec-25	90	18,02	18,10	18,00	1.621,80
16-Dec-25	250	17,82	18,10	17,60	4.455,00
17-Dec-25	4	17,80	17,80	17,80	71,20
18-Dec-25	77	17,76	17,90	17,65	1.367,52
19-Dec-25	121	17,65	17,75	17,60	2.135,65
Total	542	17,81	18,10	17,60	9.651,17

Sale of shares

Date	Number of shares	Average price (€)	Highest price (€)	Lowest price (€)	Amount (€)
15-Dec-25	178	18,12	18,20	18,05	3.225,36
16-Dec-25	287	17,96	18,20	17,70	5.154,52
17-Dec-25	166	17,84	17,90	17,80	2.961,44
18-Dec-25	51	17,90	17,90	17,90	912,90
19-Dec-25	161	17,74	17,80	17,70	2.856,14
Total	843	17,92	18,20	17,70	15.110,36

The total balance held by Inclusio under the liquidity agreement is 13.836 shares.

Lionel VAN RILLAER, CEO Jean-Luc COLSON, CFO

T : +32 2 675.78.82 T : +32 2 675.78.82

lionel.vanrillaer@inclusio.be Jean-luc.colson@inclusio.be

www.inclusio.be

Avenue Herrmann-Debroux 40, 1160 Bruxelles - BE 0840.020.295