Befesa S.A.

Major Shareholding Notification • Jan 6, 2023

NOTIFICATION OF MAJOR HOLDINGS

Release according to Article 40, Section 1 of the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG) and Art. 11 (6) of the Transparency Law dated 11 January 2008 of the Grand Duchy of Luxembourg (the Transparency Law) with the objective of Europe-wide distribution

Befesa S.A.

6 January 2023

1. Details of the Issuer:
Befesa S.A. 68-70, Boulevard de la Pétrusse L-2320 Luxembourg Grand Duchy of Luxembourg
2. Reason for the notification:
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation:
Allianz Global Investors GmbH, Frankfurt, Germany
4. Full name of shareholder(s) (if different from 3.):
5. Date on which the threshold was crossed or reached:
4 January 2023
6. Total positions of person(s) subject to the notification obligation (Art. 8 and 9 of the Transparency Law):
	% of voting rights attached to shares (total of 7.A)	% of voting rights through financial instruments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	9.99%	0.0%	9.99%	39,999,998
Position of previous notification (if applicable)	10.02%	<5%	10.02%

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Voting rights attached to shares Class/type of shares ISIN code (if possible) Number of voting rights % of voting rights Direct (Art 8 of the Transparency Law) Indirect (Art 9 of the Transparency Law) Direct (Art 8 of the Transparency Law) Indirect (Art 9 of the Transparency Law) ISIN LU1704650164 0 3,997,484 0.00% 9.99% SUBTOTAL A (Direct & Indirect) 3,997,484 9.99%

B 1: Financial Instruments according to Art. 12(1)(a) of the Transparency Law

Not applicable.

B 2: Financial Instruments with similar economic effect according to Art. 12(1)(b) of the Transparency Law
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of voting rights	% of voting rights
			Subtotal B 2

8. Information in relation to the person subject to the notification obligation:

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer. X

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please provide a separate organisational chart in case of a complex structure)

9. In case of proxy voting: N/A

10. Additional information: N/A

Company information

Company:	Befesa S.A. 68-70, Boulevard de la Pétrusse L-2320 Luxembourg Grand Duchy of Luxembourg
LEI:	222100VXGA8L6J4ZWG61
ISIN:	LU1704650164
Contact:	Rafael Pérez
Email:	irbefesa@befesa.com
Internet:	www.befesa.com