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Sonae SGPS

Report Publication Announcement May 26, 2021

1901_iss_2021-05-26_bc171cef-47ad-4df3-bc32-7948e6adc68c.pdf

Report Publication Announcement

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Maia, 26th May 2021

(Translation from the Portuguese original)

Announcement

Following the announcement, on May 25th 2021, of the agreement by Sonae MC SGPS SA to sell its 50% stake in Modelo - Distribuição de Materiais de Construção, SA ("Maxmat"), Sonae SGPS SA hereby announces that this sale is expected to generate capital gains of approximately €40 million, subject to the financial performance of Maxmat until the closing of the transaction.

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. [email protected]

www.sonae.pt

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