Bekaert NV

Transaction in Own Shares • Jan 6, 2023

Update on the Share Buyback Program and the Liquidity Agreement

Period from 29 December 2022 to 4 January 2023

Share Buyback Program

On 25 February 2022, Bekaert announced a € 120 million program to buy back its own shares (the "Program"). The Program was split into four equal tranches of € 30 million and all shares bought as part of the Program will be cancelled. The purpose of the Program is to reduce the issued share capital of the company.

The fourth and last tranche of the Program started on 18 November 2022.

Bekaert announces today that during the period from 29 December 2022 to 4 January 2023, Kepler Cheuvreux on behalf of Bekaert has bought 71 339 shares.

The table below provides an overview of the transactions under the fourth tranche of the Program during the period from 29 December 2022 to 4 January 2023:

	Repurchase of shares
Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price	paid (€) Total Amount (€)
29 December 2022	Euronext Brussels	6 521	36.08	36.40	35.56	235 278
	MTF CBOE	2 101	36.11	36.26	35.80	75 867
	MTF Turquoise	691	36.10	36.42	35.82	24 945
	MTF Aquis	904	36.14	36.40	35.80	32 671
30 December 2022	Euronext Brussels	8 607	36.36	36.58	36.26	312 951
	MTF CBOE	6 365	36.36	36.58	36.28	231 431
	MTF Turquoise	1 032	36.38	36.58	36.32	37 544
	MTF Aquis	1 840	36.38	36.56	36.30	66 939
2 January 2023	Euronext Brussels	8 266	37.14	37.26	36.76	306 999
	MTF CBOE	5 548	37.14	37.40	36.72	206 053
	MTF Turquoise	923	37.13	37.24	36.72	34 271
	MTF Aquis	1 651	37.13	37.26	36.72	61 302
3 January 2023	Euronext Brussels	8 195	37.69	37.92	37.34	308 870
	MTF CBOE	5 393	37.69	37.94	37.38	203 262
	MTF Turquoise	979	37.72	37.94	37.40	36 928
	MTF Aquis	1 736	37.71	37.92	37.44	65 465
4 January 2023	Euronext Brussels	5 380	38.32	38.54	37.92	206 162
	MTF CBOE	2 469	38.30	38.54	37.96	94 563
	MTF Turquoise	965	38.34	38.50	38.02	36 998
	MTF Aquis	1 773	38.35	38.52	37.94	67 995
Total		71 339	37.10	38.54	35.56	2 646 494

Liquidity agreement

In relation to the renewed liquidity agreement with Kepler Cheuvreux announced on 2 September 2022, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 1 075 shares during the period from 29 December 2022 to 4 January 2023 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 11 000 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 29 December 2022 to 4 January 2023:

	Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
29 December 2022	875	35.80	35.90	35.70	31 325
30 December 2022	0	0.00	0.00	0.00	0
2 January 2023	0	0.00	0.00	0.00	0
3 January 2023	200	37.20	37.20	37.20	7 440
4 January 2023	0	0.00	0.00	0.00	0
Total	1 075	—	—	—	38 765

Sale of shares

Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
29 December 2022	800	36.05	36.20	35.90	28 840
30 December 2022	400	36.50	36.50	36.50	14 600
2 January 2023	3 400	37.20	37.40	36.80	126 480
3 January 2023	2 800	37.69	37.90	37.30	105 532
4 January 2023	3 600	38.26	38.54	37.98	137 736
Total	11 000	—	—	—	413 188

The balance held by Bekaert under the liquidity agreement at the end of the period is 50 937 shares.

On 4 January 2023 after closing of the market, Bekaert holds 4 416 598 own shares, or 7.48% 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.

Press

Katelijn Bohez Phone: +32 56 76 66 10 E-mail: katelijn.bohez@bekaert.com Investor Relations Guy Marks

Phone: +32 56 76 74 73 E-mail: guy.marks@bekaert.com