Bekaert NV

Transaction in Own Shares • Jun 24, 2022

Update on the Share Buyback Program and the Liquidity Agreement

Period from 16 June 2022 to 22 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 16 June 2022 to 22 June 2022, Kepler Cheuvreux on behalf of Bekaert has bought 97 185 shares.

The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 16 June 2022 and 22 June 2022:

	Repurchase of shares
Date	Market	Number of	Average Price	Highest Price	Lowest Price	Total
		Shares	paid (€)	paid (€)	paid (€)	Amount (€)
16 June 2022	XBRU	8 794	33.29	34.52	32.36	292 752
	CEUX	7 082	33.31	34.52	32.40	235 901
	TQEX	1 044	33.43	34.28	33.20	34 901
	AQEU	1 881	33.23	34.52	32.36	62 506
17 June 2022	XBRU	9 103	32.97	33.34	32.48	300 126
	CEUX	7 375	32.97	33.32	32.54	243 154
	TQEX	1 133	32.99	33.10	32.84	37 378
	AQEU	1 930	32.99	33.20	32.74	63 671
20 June 2022	XBRU	9 214	33.29	33.54	32.82	306 734
	CEUX	6 685	33.25	33.50	32.72	222 276
	TQEX	946	33.26	33.54	32.80	31 464
	AQEU	1 715	33.28	33.54	32.80	57 075
21 June 2022	XBRU	9 703	34.09	34.42	33.64	330 775
	CEUX	7 530	34.13	34.42	33.74	256 999
	TQEX	1 165	34.11	34.34	33.80	39 738
	AQEU	1 926	34.11	34.34	33.82	65 696
22 June 2022	XBRU	9 598	33.03	33.40	32.62	317 022
	CEUX	7 400	33.03	33.40	32.58	244 422
	TQEX	1 129	33.05	33.40	32.70	37 313
	AQEU	1 832	33.05	33.40	32.80	60 548
Total		97 185	33.34	34.52	32.36	3 240 451

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 9 100 shares during the period from 16 June 2022 to 22 June 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 4 900 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 16 June 2022 to 22 June 2022:

Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
16 June 2022	4 000	33.16	34.20	32.38	132 640
17 June 2022	300	32.50	32.50	32.50	9 750
20 June 2022	800	32.90	33.00	32.80	26 320
21 June 2022	0	0.00	0.00	0.00	0
22 June 2022	4 000	33.03	33.28	32.60	132 120
Total	9 100	-	-	-	300 830

Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
16 June 2022	0	0.00	0.00	0.00	0
17 June 2022	2 000	33.09	33.10	33.08	66 180
20 June 2022	1 000	33.45	33.50	33.40	33 450
21 June 2022	1 900	34.18	34.40	34.00	64 942
22 June 2022	0	0.00	0.00	0.00	0
Total	4 900	-	-	-	164 572

The balance held by Bekaert under the liquidity agreement at the end of the period is 77 522 shares.

On 22 June 2022 after closing of the market, Bekaert holds 4 209 447 own shares, or 6.96 % 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.

Investor Relations

Elizabeth O'Reilly Phone: +32 56 76 61 00 - E-mail: elizabeth.oreilly@bekaert.com

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