EXMAR NV

M&A Activity • Mar 20, 2025

20/03/2025 – 5.30pm Regulated information Inside information

Results of the initial acceptance period of the voluntary and conditional public takeover bid on Exmar NV launched by Saverex NV – Reopening

The initial acceptance period of the voluntary and conditional public takeover bid launched by Saverex NV (the "Bidder") for all shares issued by Exmar NV ("Exmar" or the "Target") not already owned by it or persons affiliated with it (the "Bid") ended on 13 March 2025.

Today Saverex announced that during the initial acceptance period, 2,375,542 shares in the Target, representing 3.99% of the outstanding shares in the Target, were tendered into the Bid. As a result, the Bidder would hold a total of 53,100,056 shares in the Target, representing 89.24% of the outstanding shares in the Target. Taking into account the shares in the Target held by Nicolas Saverys (7,924 shares) and by Exmar (1,956,013 shares), the Bidder and persons affiliated with it together would hold 55,063,993 shares, representing 92.54% of the outstanding shares in the Target.

The Bidder has decided to waive the 95% acceptance threshold, and has consequently decided to proceed with the Bid. The payment of the bid price for the shares offered during the initial acceptance period is scheduled for Thursday 27 March 2025.

In accordance with the timeline provided in the prospectus, the Bid will be reopened from Thursday 27 March 2025 to Wednesday 16 April 2025 at 16:00 (Belgian time). Shareholders who have not yet accepted the Bid will thus be able to accept the Bid during this second acceptance period.

The prospectus (including the response memorandum, the report of the independent expert and the acceptance form) may be obtained free of charge at the counters of KBC Bank NV or by telephoning KBC Bank NV on +32 78 152 153 (KBC Live). The prospectus with acceptance form is also available on the following websites: www.saverextakeoverbid.com and www.kbc.be/exmar. An English and a French translation of the summary of the prospectus are made available in electronic form on the above-mentioned websites.

About EXMAR

EXMAR is a Belgian provider of floating solutions for the operation, transportation and transformation of gas and has a fleet of more than 40 gas carriers and floating gas terminals. EXMAR creates economically viable and sustainable energy value chain solutions in long-term alliances with first class business partners. Being one of the world's largest independent transporters of ammonia and building upon the experience and knowledge gained from more than four decades of gas shipping.

More information can be found at www.exmar.com.

Contact: Hadrien Bown permanent representative of HAX BV, CFO – +32 3 247 50 74.

About Saverex

Saverex is the holding company of the family of Nicolas Saverys, which is active in the international shipping industry. The main activity and the main asset of Saverex is its shareholding in EXMAR.

Disclaimer

This press release is also published in Dutch. If ambiguities should arise from the different language versions, the Dutch version will prevail. This press release does not constitute an offer to purchase securities of Exmar nor a solicitation by anyone in any jurisdiction in respect thereof. The public takeover offer will only be made on the basis of the Prospectus approved by the FSMA. Neither this notice nor any other information in respect of the matters contained herein may be supplied in any jurisdiction where a registration, qualification or any other obligation is in force or would be with regard to the content hereof or thereof. Any failure to comply with these restrictions may constitute a violation of the financial laws and regulations in such jurisdictions. Saverex and its affiliates explicitly decline any liability for breach of these restrictions by any person.

Contact: Hadrien Bown permanent representative of HAX BV, CFO – +32 3 247 50 74.

www.exmar.be