Bekaert NV

Transaction in Own Shares • Jun 17, 2022

Update on the Share Buyback Program and the Liquidity Agreement

Period from 9 June 2022 to 15 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 9 June 2022 to 15 June 2022, Kepler Cheuvreux on behalf of Bekaert has bought 86 721 shares.

The table below provides an overview of the transactions under the second tranche of the share buy back program during the period from 9 June 2022 and 15 June 2022:

	Repurchase of shares
Date	Market	Number of	Average Price	Highest Price	Lowest Price	Total
		Shares	paid (€)	paid (€)	paid (€)	Amount (€)
9 June 2022	XBRU	8 289	38.28	38.64	38.02	317 303
	CEUX	6 670	38.27	38.56	38.10	255 261
	TQEX	980	38.27	38.52	38.10	37 505
	AQEU	1 733	38.29	38.52	38.12	66 357
10 June 2022	XBRU	8 121	37.44	37.92	36.96	304 050
	CEUX	6 450	37.41	37.84	36.96	241 295
	TQEX	929	37.41	37.90	37.10	34 754
	AQEU	1 660	37.41	37.84	37.00	62 101
13 June 2022	XBRU	8 060	36.12	36.44	35.66	291 127
	CEUX	6 269	36.11	36.42	35.68	226 374
	TQEX	930	36.15	36.36	36.04	33 620
	AQEU	1 670	36.15	36.48	36.00	60 371
14 June 2022	XBRU	8 087	34.44	36.14	33.48	278 516
	CEUX	6 284	34.41	36.00	33.44	216 232
	TQEX	934	34.44	35.88	34.20	32 167
	AQEU	1 691	34.54	35.98	33.88	58 407
15 June 2022	XBRU	8 639	34.40	34.68	33.88	297 182
	CEUX	6 576	34.41	34.70	33.90	226 280
	TQEX	1 002	34.43	34.64	34.02	34 499
	AQEU	1 747	34.41	34.64	34.08	60 114
Total		86 721	36.13	38.64	33.44	3 133 513

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 16 878 shares during the period from 9 June 2022 to 15 June 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 6 000 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 9 June 2022 to 15 June 2022:

Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
9 June 2022	4 278	38.22	38.38	37.96	163 505
10 June 2022	4 000	37.58	37.90	37.00	150 320
13 June 2022	4 000	36.12	36.50	35.80	144 480
14 June 2022	4 600	34.84	35.80	33.60	160 264
15 June 2022	0	0.00	0.00	0.00	0
Total	16 878	-	-	-	618 569

Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
9 June 2022	3 800	38.48	38.68	38.34	146 224
10 June 2022	1 400	37.86	37.94	37.80	53 004
13 June 2022	0	0.00	0.00	0.00	0
14 June 2022	400	36.20	36.20	36.20	14 480
15 June 2022	400	34.50	34.50	34.50	13 800
Total	6 000	-	-	-	227 508

The balance held by Bekaert under the liquidity agreement at the end of the period is 73 322 shares.

On 15 June 2022 after closing of the market, Bekaert holds 4 108 062 own shares, or 6.80 % 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