Ibersol — M&A Activity 2022

Aug 2, 2022

IBERSOL, SGPS, S.A.

Registered Office: Praça do Bom Registry Office of Oporto under Fully subscribed Bom Sucesso, 105/159, 9th floor, Porto Registered under the single registration and tax identification number subscribed and paid-up share capital: EUR 46,000,000.00 at the Commercial number 501 669 477

SIGNING OF SHARE RELATING TO IBERKING WITH SHARE PURCHASE AND SALE AGREEMENT IBERKING AND LURCA, WHICH OPERATE THE RESTAURANTS WITH THE BRAND BURGER KING AGREEMENT

Ibersol, SGPS, S.A. informs that purchase and sale agreement relating S.L.U. (companies controlled by share capital, respectively, of ("Iberking" and "Lurca"), companies Portugal and Spain. that, after initiating a new negotiation process, was relating to the sale to BK Portugal, S.A. and to by Restaurant Brands Iberia, S.A.) of the shares representing IBER KING, RESTAURAÇÃO, S.A. and companies which operate the restaurants with Burger signed today a share Burger King Spain, representing the whole of LURCA S.A.U. Burger King brand in

The completion of the sale is subject of the Portuguese Competition Authority subject to certain conditions precedent, including inter Authority. inter alia the clearance

The price will correspond to an being part of the price (in the amount related to the future evolution of an enterprise value of €259.7 million, on a cash amount of €15.5 million) contingent upon the satisfaction EBITDA and/or cash flows generation. and debt free basis, satisfaction of conditions

Within this transaction and consider transfer of certain assets in the transaction perimeter, as well as amount of €8.4 million to other entities considered in the abovementioned enterprise value, it global amount of €6.6 million from entities of the transfer of certain real estate assets held by Iberking entities of Ibersol Group. it is also foreseen the Ibersol Group to the Iberking in the global

Assuming that the maximum amount capital gain of approximately €160 amount of the price is entirely received, the transaction €160 million in the Ibersol's consolidated accounts. transaction results in a .

Oporto, 2 August 2022

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