EXMAR NV

Major Shareholding Notification • Jun 20, 2023

Transparency notification

20/6/2023 – 5.30 pm Regulated information

In accordance with article 14, first paragraph of the Law of 2 May 2007 regarding the disclosure of important shareholdings in listed companies, EXMAR announces that it received a notification from Cobas Asset Management S.G.I.I.C. S.A.

Content of the notification received on 19 June 2023

Reason of the notification: acquisition or disposal of voting securities or voting rights - downward crossing of the lowest threshold

Notification by: a person that notifies alone

Persons subject to the notification requirement: Cobas Asset Management S.G.I.I.C. S.A., Paseo de la Castellana, 53, 2° floor, 28003 Madrid, Spain

Date on which the threshold is crossed: 16 June 2023

Threshold that is crossed: 5%

Denominator: 59,500,000

Notified details:

A) Voting rights	Previous notification # of voting rights	After the transaction
Holders of voting rights		# of voting rights		% of voting rights
		Linked to securities	Not linked to the secunties	Linked to secunties	Not linked to the securities
Cobas Asset Management, S.G.I.I.C., S.A.	2.977.387	2 905 048		4,88%
Subtotal	2.977.387	2 905 048		4.88%
TOTAL		2.905.048	0	4,88%	0.00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the Instrument is exercised	% of voling rights	Settlement
	TOTAL			0	0.00%

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	2.905.048	4,88%

Full chain of controlled undertakings through which the holding is effectively held: Cobas Asset Management S.G.I.I.C., S.A. is not a controlled entity.

The voting rights mentioned under heading 10A are managed by Cobas Asset Management S.G.I.I.C., S.A. on behalf of underlying clients, based on investment management agreements whereby the client has delegated the exercise of voting rights to the investment manager.

The full text of the notification dated 19 June 2023 has been posted on EXMAR's website under investor relations:http://exmar.be/en/investors/shareholding/disclosure-shareholdings