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Energy SpA Major Shareholding Notification 2022

Aug 31, 2022

4100_mrq_2022-08-31_7ed54942-f4c7-4272-b0f9-5d3a2da9612c.pdf

Major Shareholding Notification

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On trade date Monday 29/08/2022 funds managed by Cobas Asset Management, SGIIC, S.A. holds 5,0686% of voting rights of BW ENERGY LTD (ISIN: BMG0702P1086).

(a) the name of the issuer of the shares: BW ENERGY LTD

(b) the date on which the proportion of shares held reached, exceeded or fell below the thresholds set in the Securities Trading Act section 4-2, subsection (2), 29/08/2022 (c) name of the entity subject to the disclosure obligation, including the name of the

shareholder, Cobas Asset Management, SGIIC, S.A. a Management Company based in Madrid with delegated voting rights on behalf of multiple managed portfolios (d) the number of shares the notification encompasses, 13.076.647 shares with detailed beakdown:

Book Security ID ID_ISIN NAME POSITION_WITHOUT_PENDING
COBAS SELECCIÓN, F.I. BWE NO Equity BMG0702P1086 BW ENERGY LTD 5.297.085,00
COBAS INTERNACIONAL, F.I. BWE NO Equity BMG0702P1086 BW ENERGY LTD 4.269.477,00
COBAS LUX SICAV. Subfund Cobas Selection Fund BWE NO Equity BMG0702P1086 BW ENERGY LTD 629.350,00
COBAS LUX SICAV. Subfund Cobas International Fund BWE NO Equity BMG0702P1086 BW ENERGY LTD 308.724,00
COBAS MIXTO GLOBAL, F.P. BWE NO Equity BMG0702P1086 BW ENERGY LTD 37.204,00
COBAS GLOBAL, F.P. BWE NO Equity BMG0702P1086 BW ENERGY LTD 560.123,00
AZ Multi Asset. BWE NO Equity BMG0702P1086 BW ENERGY LTD 1.174.158,00
Subfund: AZ Multi Asset - Bestvalue
COBAS CONCENTRADOS, F.I.L. BWE NO Equity BMG0702P1086 BW ENERGY LTD 506.223,00
ALTERNATIVE FUND SICAV-SIF-COBAS CONCENTRATED VALUE FUND BWE NO Equity BMG0702P1086 BW ENERGY LTD 213.241,00
COBAS VALUE, SICAV BWE NO Equity BMG0702P1086 BW ENERGY LTD 81.062,00
Total 13.076.647,00

(e) the subsequent situation with regard to voting rights, including the percentage of the votes and shares of the company held by the entity concerned, 5,0686% (f) what percentage of the votes and shares of the company the entity concerned holds in the form of rights to shares, None

(g) the circumstance that triggered the disclosure obligation and whether such circumstance applied to the entity concerned himself or to any related party (close

(i) where the notification concerns rights to shares as mentioned in the Securities Trading Act section 4-2, subsection (5), the notification shall also contain a

description of the rights, including information on the date and time that the rights Not applicable will or can be exercised and the date and time of their expiry.

associate) as mentioned in the Securities Trading Act section 2-5, 323.953 shares acquired on 29-AUGUST-2022 for its managed portfolios

(h) the chain of controlled undertakings through which the shares or rights are owned, Cobas Asset Management, SGIIC, S.A. as investment manager, authorized to exercise voting rights attached to the shares under management on a discretionary basis.