Sonae SGPS

M&A Activity • Apr 16, 2024

Announcement

(Translation from the Portuguese original)

Maia, 16 April 2024

Sonae SGPS, SA ("Sonae" or "the Group") announces that, following its previous announcement from 5 February 2024, its subsidiary Sparkfood, SA ("Sparkfood") has today concluded the acquisition of an 89.1% stake in Diorren SAS, the holding company of BCF Life Sciences ("BCF"), for a total consideration of 160.5 million euros.

BCF will continue to be managed by its current management team, who has reinvested in the company a total amount of 19.7 million euros, and in aggregate, holds a minority stake of 10.9%.

The acquisition of BCF is fully aligned with Sonae's strategy to create within Sparkfood a global platform in the food tech industry, through the acquisition of companies specialised in innovative and value-added ingredients, with strong know-how, proven experience and relevant market positions.

This transaction also has a strong fit with Sonae's commitment to a more sustainable future, as it represents an important investment in the circular economy, while contributing to the expansion of the Group's international footprint.

The Representative for Market Relations,

Ricardo Figueiredo da Rocha Head of Investor Relations / Sonae T. +351 220 104 794 // E. rjfrocha@sonae.pt www.sonae.pt