Sonae SGPS

Regulatory Filings • Dec 20, 2022

Announcement (Translation from the Portuguese original)

Maia, 20 December 2022

Sonae SGPS, SA ("Sonae") informs that it has reached a preliminary agreement ("Agreement") with Bankinter Consumer Finance, E.F.C., S.A. ("Bankinter Consumer Finance") for the creation of a joint venture resulting from the combination of the businesses of Universo, IME, SA ("Universo") - entity managing the portfolio of financial products and services with the Universo brand - and Bankinter Consumer Finance in Portugal – entity managing Bankinter's consumer credit products and services in Portugal.

This Agreement establishes the main terms for the creation of a leading consumer credit operator in Portugal, which will have Sonae and Bankinter as shareholders, both with 50% of the share capital. The parties will continue to work on closing the transaction, which will include a bilateral due diligence process, the negotiation of binding contracts and the necessary regulatory approvals.

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. +351 220 104 724 // E. rjfrocha@sonae.pt www.sonae.pt