Bekaert NV

Transaction in Own Shares • Jul 1, 2022

Update on the Share Buyback Program and the Liquidity Agreement

Period from 23 June 2022 to 29 June 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the second tranche of €30 million started on 11 May 2022.

Bekaert announces today that during the period from 23 June 2022 to 29 June 2022, Kepler Cheuvreux on behalf of Bekaert has bought 105 861 shares.

The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 23 June 2022 and 29 June 2022:

	Repurchase of shares
Date	Market	Number of	Average Price	Highest Price	Lowest Price	Total
		Shares	paid (€)	paid (€)	paid (€)	Amount (€)
23 June 2022	XBRU	9 905	32.47	33.00	32.12	321 615
	CEUX	7 687	32.49	33.02	32.24	249 751
	TQEX	1 349	32.50	32.90	32.26	43 843
	AQEU	1 964	32.48	33.00	32.20	63 791
24 June 2022	XBRU	10 006	32.47	32.86	32.02	324 895
	CEUX	7 680	32.46	32.82	32.08	249 293
	TQEX	1 385	32.50	32.82	32.08	45 013
	AQEU	1 859	32.48	32.84	32.12	60 380
27 June 2022	XBRU	9 971	33.12	33.50	32.76	330 240
	CEUX	7 635	33.11	33.42	32.74	252 795
	TQEX	1 309	33.10	33.42	32.88	43 328
	AQEU	1 963	33.13	33.48	32.78	65 034
28 June 2022	XBRU	9 976	33.02	33.76	32.30	329 408
	CEUX	7 828	33.03	33.62	32.38	258 559
	TQEX	1 395	32.94	33.62	32.40	45 951
	AQEU	1 985	32.99	33.64	32.42	65 485
29 June 2022	XBRU	10 126	32.37	32.78	32.10	327 779
	CEUX	8 231	32.37	32.72	32.10	266 437
	TQEX	1 526	32.36	32.70	32.16	49 381
	AQEU	2 081	32.37	32.72	32.12	67 362
Total		105 861	32.69	33.76	32.02	3 460 338

As announced on 25 February 2022 and 11 May 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 liquidity agreement entered into by Bekaert with Kepler Cheuvreux on 2 September 2021 (see press release of 3 September 2021), Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 10 101 shares during the period from 23 June 2022 to 29 June 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 801 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 23 June 2022 to 29 June 2022:

Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
23 June 2022	4 400	32.32	32.64	32.10	142 208
24 June 2022	1	32.30	32.30	32.30	32
27 June 2022	0	0.00	0.00	0.00	0
28 June 2022	3 900	32.46	32.80	32.30	126 594
29 June 2022	1 800	32.22	32.28	32.20	57 996
Total	10 101	-	-	-	326 830

Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
23 June 2022	0	0.00	0.00	0.00	0
24 June 2022	2 001	32.60	32.80	32.30	65 233
27 June 2022	1 800	33.22	33.50	33.00	59 796
28 June 2022	1 000	33.45	33.50	33.40	33 450
29 June 2022	0	0.00	0.00	0.00	0
Total	4 801	-	-	-	158 479

The balance held by Bekaert under the liquidity agreement at the end of the period is 82 822 shares.

On 29 June 2022 after closing of the market, Bekaert holds 2 870 699 own shares, or 4.87 % 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 & Investor Relations Katelijn Bohez Phone: +32 56 76 66 10 - E-mail: katelijn.bohez@bekaert.com