Altri SGPS — Major Shareholding Notification 2023

May 30, 2023

ALTRI, SGPS, S.A. Company issuing shares admitted to trading on a regulated market

Head Office: Rua Manuel Pinto de Azevedo, 818, Oporto Share Capital: Euro 25,641,459 Registered in the Oporto Commercial Registry Office under the single registration and tax identification number - 507 172 086

ANNOUNCEMENT

THIS COMMUNICATION IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA

INTENTION TO SELL GREENVOLT SHARES

Altri, SGPS, S.A. ("Altri") hereby gives notice of its intention to sell a total of 1,866,119 shares representing 1.34% of the share capital and voting rights of Greenvolt – Energias Renováveis, S.A. ("Greenvolt"), directly held by Altri (the "Shares").

The sale will be conducted through a private placement of the Shares, to be carried out through a non-secure exclusive accelerated bookbuilding, addressed exclusively to qualified investors (the "Offering"). Banco Santander, S.A. ("Banco Santander") will be the Sole Global Coordinator of the Offering.

As soon as the results of the envisaged private placement of the Shares is known, Altri will disclose it by means of a notice.

Oporto, May 30th, 2023

Board of Directors

IMPORTANT NOTICE

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OR AN INVITATION TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SHARES OR OTHER SECURITIES. THIS ANNOUNCEMENT, OR ITS DISCLOSURE OR DISTRIBUTION, DOES NOT FORM THE BASIS OF ANY AGREEMENT OR ANY UNDERTAKING OR COMMITMENT WHATSOEVER, AND SHOULD NOT BE READ AS FORMING PART OF ANY FUTURE AGREEMENT OR ACT AS AN INDUCEMENT TO ENTER INTO ANY AGREEMENT.

THE OFFERING OF SHARES AND THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW AND PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES SHOULD INFORM THEMSELVES ABOUT SUCH PROHIBITION OR RESTRICTIONS AND COMPLY WITH THEM. FAILURE TO DO SO MAY CONSTITUTE A BREACH OF THE LAWS OF SUCH JURISDICTION.

THE TRANSACTION REFERENCED ABOVE DOES NOT CONSTITUTE A PUBLIC OFFERING IN ANY JURISDICTION, INCLUDING PORTUGAL. THE EQUITY OFFERING HAS NOT BEEN AND WILL NOT BE SUBMITTED TO THE COMISSÃO DO MERCADO DE VALORES MOBILIÁRIOS (CMVM) PURSUANT TO THE APPLICABLE LAWS AND REGULATIONS.

THE TRANSACTION AND THE SHARES REFERRED TO IN THIS ANNOUNCEMENT HAVE NOT BEEN, NOR WILL BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE "SECURITIES ACT") AND, THEREFORE, THE SHARES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT SUCH REGISTRATION EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. LIKEWISE, THE SHARES HAVE NOT BEEN, NOR WILL BE REGISTERED UNDER THE APPLICABLE SECURITIES LAWS OF CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA AND, THEREFORE, THE SHARES MAY NOT BE OFFERED OR SOLD IN CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA ABSENT SUCH REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF APPLICABLE SECURITIES LAWS OR IN A TRANSACTION NOT SUBJECT TO SUCH REQUIREMENTS. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA IN CONNECTION WITH THE TRANSACTION REFERRED TO IN THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES.

THIS DOCUMENT IS ONLY ADDRESSED TO AND DIRECTED AT PERSONS IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1) (E) OF DIRECTIVE 2003/71/EC (THE PROSPECTUS DIRECTIVE) INCLUDING DIRECTIVE 2010/73/CE, TO THE EXTENT ALREADY IMPLEMENTED IN THE RELEVANT MEMBER STATE, TOGETHER WITH ANY ACTS, DIPLOMAS, RULES OR OTHER IMPLEMENTING DOCUMENTS IN ANY MEMBER STATE. IN ADDITION, IN THE UNITED KINGDOM THIS ANNOUNCEMENT IS ONLY BEING DIRECTED AT QUALIFIED INVESTORS WHO ARE (I) INVESTMENT PROFESSIONALS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER") OR (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY LAWFULLY COMMUNICATED WITHIN ARTICLE 49(2) OF THE ORDER. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES WILL ONLY BE AVAILABLE TO AND WILL BE AGREED IN THE UNITED KINGDOM WITH INVESTMENT PROFESSIONALS OR ENTITIES OR PERSONS FALLING WITH THE ABOVE REFERRED ARTICLES OF THE ORDER AND, IN THE REMAINING MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, TO QUALIFIED INVESTORS. ALL OTHER PERSONS SHOULD DISREGARD AND NOT RELY ON THIS ANNOUNCEMENT OR ANY OF ITS CONTENTS.

BANCO SANTANDER, S.A. IS ACTING ONLY FOR ALTRI, SGPS, S.A. IN CONNECTION WITH THE EQUITY OFFERING AND WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN ALTRI, SGPS, S.A. FOR PROVIDING ASSISTANCE OR ADVICE IN RELATION TO THE EQUITY OFFERING OR THE PROTECTIONS OFFERED TO ITS CLIENTS.