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Solvay SA

Major Shareholding Notification Dec 20, 2023

4005_mrq_2023-12-20_76bef6c3-ad47-4a56-870e-129ad7c465a6.pdf

Major Shareholding Notification

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Press release Regulated information

Participation notification by Blackrock Inc.

Brussels, December 20, 2023, 08:30 CET

According to Belgian transparency legislation (Law of May 2, 2007), BlackRock Inc. (50 Hudson Yards, New York, NY, 10001, U.S.A.) recently sent to Solvay the following transparency notification indicating that it crossed the threshold of 3%. Here is a summary of the move:

The notification, dated December 14, 2023, contains the following information:

  • Reason for the notification:
  • acquisition or disposal of voting securities or voting rights
  • acquisition or disposal of financial instruments that are treated as voting securities
  • Notified by: BlackRock Inc. (50 Hudson Yards, New York, NY, 10001, U.S.A.)
  • Date on which the threshold is crossed: December 11, 2023
  • Threshold of direct voting rights crossed: 3% downwards
  • Denominator: 105,876,416
  • Additional information: The disclosure obligation arose due to total holdings in voting rights for BlackRock, Inc. going below 3%. Additionally, voting rights attached to shares for BlackRock, Inc. went below 3%.
  • Persons subject to the notification requirement:
Name Address (for legal entities)
BlackRock, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Asset Management Canada Limited 161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management North Asia Limited 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central,
Hong Kong
BlackRock Financial Management, Inc. 50 Hudson Yards, New York, NY, 10001, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National
Association
400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia)
Limited
Level 37 Chifley Tower, 2 Chifley Square, Sydney NSW 2000, Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd. 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan
Aperio Group, LLC 3 Harbor Dr Suite 204, Sausalito, CA 94965, United States

● Notified details:

A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Holders of voting rights Linked to securities Not linked to the
securities
Linked to
securities
Not linked to the
securities
BlackRock, Inc. $\mathbf{0}$ $\mathbf{0}$ 0.00%
BlackRock (Singapore) Limited 38,625 22.377 0.02%
BlackRock Advisors (UK) Limited 414.268 101.191 0.10%
BlackRock Advisors, LLC 164,592 130.446 0.12%
BlackRock Asset Management Canada
Limited
106,866 92,504 0.09%
BlackRock Asset Management
Deutschland AG
113.432 $\mathbf{0}$ 0.00%
BlackRock Asset Management North
Asia Limited
4,090 1,103 0.00%
BlackRock Financial Management, Inc. 200,069 126.284 0.12%
BlackRock Fund Advisors 1.142.613 872.668 0.82%
BlackRock Institutional Trust Company,
National Association
1,498.611 789,778 0.75%
BlackRock International Limited 23,829 3.536 0.00%
BlackRock Investment Management
(Australia) Limited
65,821 18,835 0.02%
BlackRock Investment Management
(UK) Limited
67,062 29.958 0.03%
BlackRock Investment Management,
LLC
95,977 28.919 0.03%
BlackRock Japan Co., Ltd. 210,686 19,798 0.02%
Aperio Group, LLC 22,152 26.741 0.03%
Subtotal 4,168,694 2,264,139 2.14%
TOTAL 2,264,139 $\bullet$ 2.14% 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 voting rights Settlement
BlackRock Advisors (UK) Limited Securities Lent 46.808 0.04% physical
BlackRock Institutional Trust Company,
National Association
Securities Lent 4.273 0.00% physical
BlackRock Investment Management
(UK) Limited
Securities Lent 107,398 0.10% physical
BlackRock Advisors, LLC Contract Difference 80,507 0.08% cash
BlackRock Financial Management, Inc. Contract Difference 68.856 0.07% cash
BlackRock Institutional Trust Company,
National Association
Contract Difference 121.312 0.11% cash
BlackRock Investment Management
(UK) Limited
Contract Difference 2,811 0.00% cash
BlackRock Investment Management,
LLC.
Contract Difference 1,471 0.00% cash
Aperio Group, LLC Depositary Receipt 47 0.00%
TOTAL 433,483 0.41%
TOTAL (A & B) # of voting rights % of voting rights
CALCULATE 2,697,621 2.55%

Transparency notifications and the full chain of controlled undertakings through which the holding is effectively held is available on the Investor Relations Section of Solvay's website.

Contacts

Peter Boelaert +32 479 30 91 59

Laetitia Van Minnenbruggen +32 484 65 30 47

Kimberly King + 1 470 464 4336

[email protected]

Media relations Investor relations

Geoffroy d'Oultremont +32 478 88 32 96

Vincent Toussaint +33 6 74 87 85 65

[email protected]

About Solvay

Solvay, a pioneering chemical company with a legacy rooted in founder Ernest Solvay's pivotal innovations in the soda ash process, is dedicated to delivering essential solutions globally through its workforce of over 9,000 employees. Since 1863, Solvay harnesses the power of chemistry to create innovative, sustainable solutions that answer the world's most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. As a world-leading company with €5.6 billion in net sales in 2022 and listings on Euronext Brussels and Paris (SOLB), its unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition. For more information about Solvay, please visit solvay.com or follow Solvay on Linkedin.

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Ce communiqué de presse est également disponible en français. Dit persbericht is ook in het Nederlands beschikbaar.

Safe harbor

This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

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