Sonae SGPS

Report Publication Announcement • Oct 11, 2023

Announcement

(Translation from the Portuguese original)

Maia, 11th October 2023

Sonae SGPS, SA ("Sonae") hereby informs that it has completed the sale of its entire stake of 30% minus 1 share in Iberian Sports Retail Group, SL ("ISRG"), to JD Sports Fashion Plc ("JD Group"), as announced to the market on July 7th, 2023.

Sonae received a total consideration of €300 million, and a capital gain of €168 million will be registered in its fourth quarter 2023 consolidated results.

This transaction does not impact Sonae's consolidated turnover nor underlying EBITDA, as ISRG was consolidated through the equity method in Sonae's accounts. In the 12 months up to June 30th, 2023, ISRG's contribution to Sonae's consolidated EBITDA (through the equity method) amounted to €19 million.

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