Sonae SGPS

M&A Activity • Sep 1, 2021

(Translation from the Portuguese original)

Announcement

Sonae SGPS, S.A. hereby announces that its subsidiary Sonae MC SGPS S.A. ("Sonae MC") has concluded the sale of its 50.00% stake in the share capital of Modelo – Distribuição de Materiais de Construção, S.A. ("Maxmat") to Cimentos Estrada Pedra, SGPS, Lda., an entity fully owned by Building Materials Europe ("BME Group") for net proceeds of €68 million. The sale will generate capital gains of approximately €42 million, in Sonae's consolidated accounts.

The transaction has been approved by the competent competition authorities.

The Representative for Market Relations,

Head Office

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

PATRÍCIA VIEIRA PINTO Head of Investor Relations / Sonae T. +351 220 104 724 // E. pavpinto@sonae.pt

www.sonae.pt