Bekaert NV

Transaction in Own Shares • Oct 14, 2022

Update on the Share Buyback Program and the Liquidity Agreement

Period from 6 October 2022 to 12 October 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the third tranche of € 30 million started on 29 July 2022.

Bekaert announces today that during the period from 6 October 2022 to 12 October 2022, Kepler Cheuvreux on behalf of Bekaert has bought 101 171 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 6 October 2022 to 12 October 2022:

	Repurchase of shares
Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price	paid (€) Total Amount (€)
6 October 2022	Euronext Brussels	9 763	26.65	27.10	26.38	260 184
	MTF CBOE	9 892	26.64	27.10	26.36	263 523
	MTF Turquoise	—	—	—	—	—
	MTF Aquis	—	—	—	—	—
7 October 2022	Euronext Brussels	10 708	26.39	26.68	26.20	282 584
	MTF CBOE	10 433	26.40	26.64	26.18	275 431
	MTF Turquoise	1 700	26.24	26.30	26.18	44 608
	MTF Aquis	2 100	26.23	26.30	26.16	55 083
10 October 2022	Euronext Brussels	11 240	27.06	27.38	26.18	304 154
	MTF CBOE	10 299	27.11	27.36	26.80	279 206
	MTF Turquoise	—	—	—	—	—
	MTF Aquis	—	—	—	—	—
11 October 2022	Euronext Brussels	8 399	27.40	27.74	26.54	230 133
	MTF CBOE	8 100	27.37	27.72	26.56	221 697
	MTF Turquoise	—	—	—	—	—
	MTF Aquis	—	—	—	—	—
12 October 2022	Euronext Brussels	9 237	27.93	28.30	27.56	257 989
	MTF CBOE	9 300	27.94	28.30	27.60	259 842
	MTF Turquoise	—	—	—	—	—
	MTF Aquis	—	—	—	—	—
Total		101 171	27.03	28.30	26.16	2 734 434

As announced on 25 February 2022 and 29 July 2022, the purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled.

Liquidity agreement

In the context of the renewed liquidity agreement with Kepler Cheuvreux, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 3 207 shares during the period from 6 October 2022 to 12 October 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 15 571 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 6 October 2022 to 12 October 2022:

	Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
6 October 2022	800	26.45	26.50	26.40	21 160
7 October 2022	1 200	26.25	26.36	26.18	31 500
10 October 2022	400	26.20	26.20	26.20	10 480
11 October 2022	801	26.65	27.90	26.60	21 347
12 October 2022	6	27.80	27.80	27.80	167
Total	3 207	—	—	—	84 653

Sale of shares Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€) 6 October 2022 1 200 26.97 27.10 26.80 32 364 7 October 2022 400 26.60 26.60 26.60 10 640 10 October 2022 5 500 27.04 27.40 26.40 148 720 11 October 2022 6 871 27.70 28.00 27.10 190 327 12 October 2022 1 600 28.21 28.30 28.00 45 136 Total 15 571 — — — 427 187

The balance held by Bekaert under the liquidity agreement at the end of the period is 82 777 shares.

On 12 October 2022 after closing of the market, Bekaert holds 3 911 124 own shares, or 6.63% of the total number of the outstanding shares.

Related press release: 2 September 2022: Bekaert renews existing liquidity contract

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 & Investor Relations

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