Sonae SGPS

Capital/Financing Update • Mar 1, 2024

Announcement

(Translation from the Portuguese original)

Maia, 1 March 2024

BONDS ISSUANCE

Sonae SGPS informs that it proceeded with the issuance of bonds, on February 27 and March 1, 2024, in the amount of EUR 275,000,000 (two hundred and seventy-five million euros) (Series 1) and of EUR 125,000,000 (one hundred and twenty-five million euros) (Series 2), respectively, and totalling EUR 400,000,000.00 (four hundred million euros), maturing on November 27, 2028, through private subscription and without guarantees, named "SONAE SGPS SENIOR BONDS 2028-11-27" (ISIN PTSONGOM0017 for Series 1 and ISIN PTSONHOM0016 for Series 2).

These issuances were made under a financing agreement up to the maximum amount of EUR 600,000,000.00 (six hundred million euros), in order to finance the voluntary public offer for the acquisition of shares of the Finnish company Musti Group Plc.

The financial institutions involved in the aforementioned issuances were Banco BPI, S.A., CaixaBank, S.A., and Banco Santander Totta, S.A. as "Global and Sustainability Coordinators, Underwriters, Bookrunners, Mandated Lead Arrangers and Original Bondholders", as well as Caixa Geral de Depósitos, S.A. and Banco Comercial Português, S.A. as "Mandated Lead Arrangers".

The completion of this operation allows Sonae SGPS to structurally finance the necessary funds to pursue its strategic objectives, while maintaining an adequate maturity of its long-term debt.

The Representative for Market Relations,

Head Office Lugar do Espido, Via Norte, Maia Share Capital: €2.000.000.000,00 Maia Commercial Registry and Fiscal Number 500273170

For further information, please contact the Investor Relations Department at Sonae:

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