Bekaert NV

Transaction in Own Shares • Sep 2, 2022

Update on the Share Buyback Program and the Liquidity Agreement

Period from 25 August 2022 to 31 August 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the third tranche of € 30 million started on 29 July 2022.

Bekaert announces today that during the period from 25 August 2022 to 31 August 2022, Kepler Cheuvreux on behalf of Bekaert has bought 63 746 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 25 August 2022 to 31 August 2022:

Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price	paid (€) Total Amount (€)
25 August 2022	Euronext Brussels	7 800	31.08	31.38	30.90	242 412
	MTF CBOE	5 200	31.11	31.32	30.90	161 782
	MTF Turquoise	—	—	—	—	—
	MTF Aquis	—	—	—	—	—
26 August 2022	Euronext Brussels	7 900	31.59	31.96	31.08	249 555
	MTF CBOE	5 100	31.58	31.98	31.08	161 069
	MTF Turquoise	—	—	—	—	—
	MTF Aquis	—	—	—	—	—
29 August 2022	Euronext Brussels	7 000	30.89	31.20	30.42	216 213
	MTF CBOE	4 800	30.89	31.18	30.42	148 285
	MTF Turquoise	—	—	—	—	—
	MTF Aquis	—	—	—	—	—
30 August 2022	Euronext Brussels	6 900	31.49	31.78	30.98	217 282
	MTF CBOE	4 700	31.49	31.72	31.00	147 984
	MTF Turquoise	580	31.47	31.80	31.00	18 255
	MTF Aquis	820	31.49	31.80	31.06	25 818
31 August 2022	Euronext Brussels	6 751	30.81	31.18	30.56	208 008
	MTF CBOE	4 676	30.81	31.16	30.58	144 066
	MTF Turquoise	587	30.80	31.06	30.60	18 082
	MTF Aquis	932	30.81	31.18	30.60	28 712
Total		63 746	31.18	31.98	30.42	1 987 523

Repurchase of shares

As announced on 25 February 2022 and 29 July 2022, the purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled.

Liquidity agreement

In the context of the liquidity agreement entered into by Bekaert with Kepler Cheuvreux on 2 September 2021 (see press release of 3 September 2021), Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 6 763 shares during the period from 25 August 2022 to 31 August 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 8 400 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from 25 August 2022 to 31 August 2022:

	Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
25 August 2022	2 163	31.04	31.10	31.00	67 140
26 August 2022	0	0.00	0.00	0.00	0
29 August 2022	2 000	30.77	30.98	30.60	61 540
30 August 2022	1 000	31.04	31.08	31.00	31 040
31 August 2022	1 600	30.75	30.90	30.60	49 200
Total	6 763	—	—	—	208 920

	Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
25 August 2022	400	31.40	31.40	31.40	12 560
26 August 2022	2 600	31.64	32.00	31.42	82 264
29 August 2022	1 000	31.10	31.10	31.10	31 100
30 August 2022	4 000	31.49	31.80	31.20	125 960
31 August 2022	400	31.20	31.20	31.20	12 480
Total	8 400	—	—	—	264 364

The balance held by Bekaert under the liquidity agreement at the end of the period is 84 171 shares.

On 31 August 2022 after closing of the market, Bekaert holds 3 339 171 own shares, or 5.66% of the total number of the outstanding shares.

Related press release: 2 September 2022: Bekaert renews existing liquidity contract

This information is also made available on the investor relations pages of our website.

Company profile

Bekaert (bekaert.com) is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with more than 27 000 employees worldwide, headquarters in Belgium and € 5.9 billion in combined revenue in 2021.

Disclaimer

This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Bekaert.

Press & Investor Relations

Katelijn Bohez Phone: +32 56 76 66 10 - E-mail: katelijn.bohez@bekaert.com