Futebol Clube do Porto

M&A Activity • Apr 18, 2024

FUTEBOL CLUBE DO PORTO – FUTEBOL, SAD

Company issuing shares admitted to trading on a regulated market Share Capital: 112,500,000 Euro Equity: - 210,581,972 Euro (approved on 23rd November 2023 Shareholders' General Meeting) Head Office: Estádio do Dragão – Via FC Porto, Entrada Poente Piso 3, 4350-451 Porto Registered in the 1st Porto's Commercial Registry Office and Corporate Fiscal as n.º 504 076 574

ANNOUNCEMENT

Futebol Clube do Porto - Futebol, SAD, pursuant to article 29º Q of the Securities Code and following previous announcements, hereby informs that it has signed today an "Investment and Shareholders' Agreement" with Ithaka Infra III, S.L. an investment vehicle affiliated to Ithaka Investments Europe, SL ("Ithaka"), an investment firm based in Madrid, Spain with extensive experience in sports and infrastructure investments in Europe, with the goal to increase the use and economic returns of Estádio do Dragão.

Key Capital Partners is acting as sole financial and strategic advisor to Ithaka.

In this sense, Ithaka will be entitled to 30% of the economic rights from a new entity (to be incorporated within the FC Porto Group), for the next 25 years. This company shall be dedicated to capitalizing on the stadium's commercial potential, inter alia, Corporate Hospitality and Sponsorship, Ticketing, the Naming Rights of Estádio do Dragão, the Museum and Tour to the Stadium, the organization of non-sporting Events and Concerts as well as other related existing or future revenues of the stadium.

In recognition of this partnership's transformative potential, Ithaka has committed €65 million investment to FC Porto, of which approximately €30 million will be fully reinvested during the first years of the partnership in the Estádio do Dragão and the remainder to enhance the competitiveness of FC Porto. Following the 25-year tenor of the Ithaka collaborative partnership, FC Porto will recover 100% of the economic rights of the stadium.

It is important to emphasize that FC Porto retains control and governance over the stadium's operations as well as full ownership of the stadium throughout the 25 years partnership term.

FUTEBOL CLUBE DO PORTO – FUTEBOL, SAD

Company issuing shares admitted to trading on a regulated market Share Capital: 112,500,000 Euro Equity: - 210,581,972 Euro (approved on 23rd November 2023 Shareholders' General Meeting) Head Office: Estádio do Dragão – Via FC Porto, Entrada Poente Piso 3, 4350-451 Porto Registered in the 1st Porto's Commercial Registry Office and Corporate Fiscal as n.º 504 076 574

FC Porto's new strategic partner brings extensive investment experience in major international infrastructures and the parties have the operational support of Legends, the leading sports stadium operators globally which has a long history of success running sports stadiums in Europe and the United States.

This strategic alliance is expected to increase significantly Estádio do Dragão's revenues. Ithaka, Key Capital Partners and Legends' unique experience in stadiums, together with the investments that will be dedicated to improve Estádio do Dragão, will enable us to offer our fans and visitors new experiences.

It is expected that this strategic partnership will start at the beginning of next season, subject to the fulfillment of standard market conditions, particularly the incorporation of the new FC Porto company in which Ithaka will invest as well as Ithaka securing a long-term financing for its investment.

The Board of Directors

Porto, April 18, 2024