Warehouses De Pauw SA

Share Issue/Capital Change • Nov 5, 2025

5 November 2025, 08:00 CET

Regulated information

WDP strengthens logistics cluster in Belgium along the E19 Antwerp – Brussels corridor

WDP further expands its presence in the logistics hotspot along the E19 in Mechelen, between Antwerp and Brussels, Belgium. The add-on acquisition comprises a total surface area of approximately 25,000 m², with a lettable area of over 12,000 m² and around 4,000 m² of additional outdoor storage. The site, prominently located with high visibility, is adjacent to two existing WDP warehouses within the same industrial zone, strengthening the WDP cluster to approximately 80,000 m².

The total property value of the site amounts to around 11 million euros and was realised through a contribution in kind. The NOI yield at market rent amounts to at least 7%.¹ Advanced discussions regarding the leasing of this location are ongoing.

With this investment, WDP strengthens its position in a region characterised by limited land availability and offers future redevelopment potential. This allows WDP to optimally meet customer needs and continue its sustainable growth.

Acquisition through contribution in kind

This acquisition, with an overall investment value of 11.0 million euros, was realised today through a contribution in kind of the sites in WDP, in exchange for 525,865 new WDP shares. The new shares were issued as a result of a capital increase, following a decision by the WDP Board of Directors, using the authorised capital.

¹ The NOI yield is defined as the annualised net operating income (gross rental income minus non-recoverable working costs for real estate) in relation to the total investment.

The issue price was set at 20.90 euros and is based on the volume-weighted average share price (VWAP) of the WDP share, as made available on the Euronext Brussels website (including the dividend for the 2025 financial year) for two days before Wednesday 5 November 2025, minus 5%. The transaction has therefore led to a strengthening of shareholders' equity by (rounded) 11.0 million euros, of which an amount of (approximately) 0.6 million euros was allocated to the item Capital and an amount of (approximately) 10.4 million euros to the item Issue Premium.

The new WDP shares are of the same type and grant the same rights (including dividend rights) as the existing WDP shares and represent a total of 0.22% (rounded) of the total number of outstanding shares. As of Thursday 6 November 2025, WDP expects to be granted admission to trade the new shares on the regulated markets of Euronext Brussels and Euronext Amsterdam.

Disclosure under Article 15 of the Act of 2 May 2007 (the Transparency Act)

Upon completion of this capital increase and the issue of new shares, WDP's total capital as at Wednesday 5 November 2025 will amount to 269,401,825.03 euros. From that same date, WDP's capital will be represented by 235,139,589 fully paid-up ordinary shares. There are no preferential shares. Each of these shares grants one voting right at the General Meeting, and these shares therefore represent the denominator for the purpose of notifications under the transparency regulations (i.e. notifications in the event of, among other things, reching, exceeding or falling below the statutory or legal tresholds). In addition to the legal thresholds, WDP's Articles of Association, pursuant to Article 18 §1 of the Transparency law, provide for an additional statutory threshold of 3% and 7.5%. There are no outstanding options or subscription rights issued that entitle holders to shares.

More information

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WDP NV/SA Joost Uwents – CEO Blakebergen 15 Mickael Van den Hauwe – CFO B-1861 Wolvertem Alexander Makar – Head of IR & Capital markets www.wdp.eu investorrelations@wdp.eu

WDP develops and invests in logistics real estate (warehouses and offices). WDP's property portfolio comprises more than 8 million m². This international portfolio of semi-industrial and logistics buildings is spread over more than 350 sites at prime logistics locations for storage and distribution in Belgium, the Netherlands, France, Luxembourg, Germany and Romania.

WDP NV/SA – BE-REIT (public regulated real estate company under Belgian law) Company number 0417.199.869 (RPR Brussels, Dutch-speaking section)

WDP is listed on Euronext Brussels (BEL 20) and Amsterdam (AEX) and is, among other things, part of the European Real Estate Association (EPRA), MSCI, STOXX, and the Dow Jones Sustainability Index (DJSI).