Semapa — M&A Activity 2026

Mar 23, 2026

MAKING IT BETTER

SEMAPA

ANNOUNCEMENT

SALE OF SECIL

Further to the announcement released on 19 December 2025, Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. ("Semapa") hereby announces that it has completed today the disposal of the entire share capital of its subsidiary Secil - Companhia Geral de Cal e Cimento, S.A. ("Secil") to Cementos Molins S.A. having received on this date the consideration (Equity Value) of €1.081 billion (one billion and eighty-one million euros), which corresponds to the maintenance of the previously announced enterprise value of €1.4 billion.

As previously disclosed, and taking into account the carrying amount of the financial investment currently recorded, this disposal is expected to generate, in the 2026 financial year, a capital gain of approximately € 400 million. The exact amount will be determined following completion of the audit procedures on the financial statements by Semapa's statutory auditor. In addition, Semapa will retain a 51% interest in the share capital of Société des Ciments de Gabés(1), while the parties continue to assess strategic options for this asset.

The disposal of Secil marks a strategic step for the Semapa Group, strengthening its financial position and providing additional liquidity to support new investments in priority areas, in line with its defined business diversification strategy and its continued growth and development plans.

Lisbon, 23 March 2026

The Board of Directors

(1) Company previously held as to 98.7% by Secil

Av. Fontes Pereira de Melo 14 10º 1050-121 Lisboa | T +351 213 184 700 | semapa.pt

Semapa - Sociedade de Investimento e Gestão, SGPS, SA | Pessoa Colectiva e Matrícula na C.R.C. de Lisboa nº 502 593 130 | Capital Social: 81.270.000 Euros