Lotus Bakeries NV

Transaction in Own Shares • Feb 25, 2022

Press release

ACQUISITION AND DISPOSAL OF TREASURY SHARES

On 8 May 2020, the extraordinary general meeting of Lotus Bakeries NV has authorized the board of directors to acquire treasury shares for a period of 5 years. In accordance with this authorisation, Lotus Bakeries has during the period 16 February 2022 - 25 February 2022 acquired a total of 1,688 treasury shares on Euronext Brussels.

Publication in accordance with article 7:215 §1 of the Code on companies and associations and article 8:4 of the Royal Decree of 29 April 2019 implementing the Code on companies and associations.

The following shares have been acquired in the central order book:

Date of the transaction	Number	Average per share (EUR)	Highest price per share (EUR)	Lowest price pershare (EUR)	Total amount (EUR)
16 February 2022	51	5,219.80	5,220.00	5,210.00	266,210.00
17 February 2022	150	5,210.00	5,220.00	5,200.00	781,500.00
18 February 2022	46	5,220.00	5,220.00	5,220.00	240,120.00
21 February 2022	145	5,120.34	5,130.00	5,110.00	742,450.00
22 February 2022	144	5,038.19	5,060.00	5,010.00	725,500.00
23 February 2022	453	5,165.63	5,220.00	5,110.00	2,340,030.00
24 February 2022	350	5,008.89	5,160.00	4,970.00	1,753,110.00
25 February 2022	250	5,157.44	5,190.00	5,080.00	1,289,360.00

The following shares have been acquired outside the central order book (block transaction):

Date of the transaction	Number	Fixed price per share (EUR)	Total amount (EUR)
18 February 2022	gg	5,220.00	516,780.00

Further, Lotus Bakeries announces herewith that during the period 23 February 2022, 24 February 2022, it has executed the following transactions to dispose of treasury shares after closing of the market (OTC transaction).

Publication in accordance with article 7:218 §1 of the Code on companies and associations and article 8:6 of the Royal Decree of 29 April 2019 implementing the Code on companies and associations.

Date of the transaction	Reason of the transaction	Number	Exercise price per share (EUR)
23 February 2022	Execution options Plan 2018-2022	50	2,373.00
24 February 2022	Execution options Plan 2017-2021	5	2,331.77

Situation on 25 February 2022:

• Total capital : EUR 3,591,183.65
• Total number of voting securities : 816,013
• Total number of voting rights (= the denominator) : 1,237,923
• Total number of treasury shares: 5,633 i.e. 0.69% of the total shares outstanding (the voting rights related to these treasury shares have been suspended).

Lotus Bakeries in a nutshell

Lotus Bakeries began in the village of Lembeke in 1932 and is now active worldwide in the indulgent and natural snacking segment with the Lotus, Lotus Biscoff, Dinosaury, Peijnenburg, Annas, Näkd, TREK, BEAR and Kiddylicious brands, among others. Lotus Bakeries, with headquarters in Belgium, is a dynamic, internationally oriented company with production facilities in Belgium, the Netherlands, France, Sweden, South Arica and the US, and twenty own sales organisations in Europe, America and Asia. Lotus Bakeries also works with commercial partners in approximately fifty countries worldwide. Lotus Bakeries has approximately 1,900 employees. By maintaining a healthy balance between tradition and innovation, the Lotus brand indulges consumers with a unique range of high-quality, tasty products. The secret of Lotus Biscoff lies in the biscuit's unique flavour, distinctive designand delightful crispiness. The unique caramelised biscuit flavour has meanwhile also been incorporated into a spread and ice cream. A wide range of cake specialties and waffles are furthermore offered under the Lotus brand name. Koninklike Peinenburg is the market leader for gingerbread in the Netherlands and Annas is a typical Swedish speciality of pepparkakor biscuits flavoured with ginger and cinnamon. Under the Nākd, TREK and BEAR brands, Lotus Bakeries offers tasty snacks, manufactured from all-natural, unprocessed ingredients, with no added sugar. Kiddylicious focusses on healthy snacking for babies, and pre-schoolers. In 2018 the Group achieved a turnover of EUR 556 million. The shares of Lotus Bakeries are listed on Euronext Brussels. The majority of the shares are owned by the Boone and Stevens family.

For more information please contact:

Jan Boone - CEO Tel. + 32 9 376 26 14

Further information on Lotus Bakeries can be found on www.lotusbakeries.com