Solvac S.A. — AGM Information 2021

Apr 9, 2021

April, 9 2021

Dear Madam, Dear Sir,

We have the pleasure to convene you to the Ordinary Shareholders' Meeting of Solvac SA to be held on Tuesday 11 May 2021 at 2.30 p.m. (Belgian time) at Event Lounge, Boulevard Général Wahis 16F, 1030 Brussels (the "General Meeting"). The agenda of this General Meeting is attached hereto.

In view of the exceptional situation related to the coronavirus and the measures taken by the authorities restricting gatherings, shareholders will not be able to participate physically in the General Meeting. Shareholders are invited to exercise their rights by voting by proxy or by virtually participating in and voting during the General Meeting. The company is closely monitoring the situation and will inform shareholders in due course, by means of a press release and on the company's website, of any possible changes resulting from regulatory developments.

Shareholders who want to attend the General Meeting remotely have the possibility to virtually participate in and vote via the Lumi's AGM+ platform (https://lumiagm.com). A document setting out the various steps to be followed to use the AGM+ platform will be available on our website.

IF YOU DO NOT WISH TO PARTICIPATE IN THE GENERAL MEETING

No formalities are required.

FORMALITIES TO BE COMPLETED IN ORDER TO VOTE BY PROXY AT THE GENERAL MEETING

In order to be able to participate in the General Meeting by voting by proxy, a double formality will apply: on the one hand, your shares will be subject to the registration procedure that will result from their entry in the Solvac SA shareholders' register on Tuesday 27 April 2021 at midnight and, on the other hand, you will have to complete and submit a proxy. This proxy will also serve to confirm your intention to participate in the General Meeting.

Only persons who will be shareholders of Solvac SA on Tuesday 27 April 2021 at midnight (Belgian time) (hereafter called the "registration date") will have the right to participate in and vote at the General Meeting, regardless of the number of shares held by the shareholders on the day of the General Meeting.

You will find enclosed a PROXY form that you may send us, duly completed and signed. This proxy must be in our possession by Wednesday, 5 May 2021 at the latest.

The above-mentioned documents may be sent to Solvac SA, either by post to the address: Solvac SA, General Meetings, 310 rue de Ransbeek, 1120 Brussels, or by fax to +32 (0)2.264.37.67, or by e-mail to ag.solvac@solvac.be. Shareholders who choose to use the AGM+ platform can use the platform to submit the above-mentioned documents.

The proxy is available at the company's registered office and via its website: http://www.solvac.be/gouvernance/assembleesgenerales, as well as on the AGM+ platform.

In view of the exceptional situation related to the coronavirus and the measures taken by the authorities restricting gatherings, shareholders wishing to vote by proxy are requested to mandate the independent person named in the proxy form, and appointed by Solvac SA.

If you have completed the formalities for voting by proxy at the General Meeting, you may follow the live webcast of the General Meeting organised by the company. Shareholders are invited to consult the company's website https://www.solvac.be/gouvernance/assemblees-generales to find out how to access this webcast. Shareholders who have voted by proxy may not vote.

FORMALITIES TO BE COMPLETED IN ORDER TO VIRTUALLY PARTICIPATE IN AND VOTE DURING THE GENERAL MEETING

Shareholders who do not choose to vote by proxy, may virtually participate and vote during the General Meeting through the AGM+ platform. In this case, voting takes place during the General Meeting, which shareholders attend via the AGM+ platform. There is no proxy to be given in this case.

In order to be able to virtually participate in and vote during the General Meeting, a double formality will apply: on the one hand, your shares will be subject to the registration procedure that will result from their entry in the Solvac SA shareholders' register on Tuesday 27 April 2021 at midnight and, on the other hand, you will have to confirm your intention to participate in the General Meeting.

Only persons who will be shareholders of Solvac SA on the registration date, i.e. Tuesday 27 April 2021 at midnight (Belgian time), will be entitled to participate in and vote at the General Meeting, regardless of the number of shares held by the shareholders on the day of the General Meeting.

If you intend to virtually participate in and vote during the General Meeting, all you need to do is confirm your intention to participate in the General Meeting on the AGM+ platform Wednesday, 5 May 2021 at the latest.

You will then receive the procedure and login details to connect to the General Meeting. Further information on the procedure is available on the Lumi website (https://www.lumiglobal.com) and the Solvac SA website (https://www.solvac.be/gouvernance/assemblees-generales).

The AGM+ platform enables shareholders to (i) be directly, simultaneously and continuously informed of the discussions at the General Meeting, (ii) exercise their voting rights on all items on which the General Meeting is called upon to vote and (iii) participate in the deliberations and exercise their right to ask questions.

In accordance with article 7:137 of the Code of Companies and Associations, shareholders who participate in the General Meeting in this way shall be deemed to be present at the place where the General Meeting is held. The AGM+ platform enables Solvac SA to control the quality and identity of shareholders.

RIGHT TO ADD AGENDA ITEMS AND TO SUBMIT RESOLUTION PROPOSALS

In accordance with Article 7:130 of the Code of Companies and Associations, one or more shareholders holding (together) at least 3% of the share capital of Solvay SA may have new items added to the agenda of the general meeting and may submit resolution proposals in relation to existing or new agenda items.

Shareholders who wish to exercise this right must (a) provide evidence of ownership of such shareholding as at the date of their request and (b) record their shares representing such shareholding on the registration date (i.e. on Tuesday 27 April, 2021) in accordance with the above admission conditions. Evidence of ownership of such shareholding can be provided by a certificate evidencing the registration of the relevant shares in the share register of Solvac SA.

The request to add agenda items or resolution proposals must be made in writing and must be accompanied by, as the case may be, the text of the items to be added to the agenda and the corresponding resolution proposals, or the text of the newly proposed resolutions in relation to existing agenda items. Such request must contain a postal or e-mail address to which Solvac SA will send an acknowledgement of receipt within 48 hours of receipt of such request.

The additional agenda items and/or resolution proposals must be received by Solvac SA no later than Monday 19 April, 2021 either by regular mail to the address : Solvac SA, Assemblées Générales, Rue de Ransbeek 310, at 1120 Brussels, or by fax to +32 (0)2.264.37.67, or by electronic mail to the e-mail address: ag.solvac@solvac.be.

If such requests are received by Solvac SA, it will publish, at the latest on Monday 26 April 2021, a modified agenda of the General Meeting, completed on the basis of any requests validly submitted, on its website (https://www.solvac.be/gouvernance/assemblees-generales), in the Belgian State Gazette and in the press. In this case, Solvac SA will also make a revised proxy form available on its website (https://www.solvac.be/gouvernance/assemblees-generales) and at the AGM+ platform (https://lumiagm.com) at the same time as the publication of the modified agenda of the General Meeting.

In case shareholders, in accordance with Article 7:130 of the Code of Companies and Associations, exercise their right to add items to the agenda and to file resolution proposals, proxies filed prior to the publication of the revised agenda shall remain valid for the agenda items they cover. In the event that new/alternative proposals for resolutions are submitted concerning existing agenda items after the notified proxies, the proxy holder shall abstain from voting on the new/alternative proposals for resolutions. However, in this case, shareholders will have the possibility to send a new proxy to Solvac SA, by means of the revised proxy form mentioned in the previous paragraph.

RIGHT TO ASK QUESTIONS

Shareholders may submit written questions prior to the General Meeting. Written questions will only be answered to the extent that the shareholder submitting them has complied with the above-mentioned conditions of admission in accordance with article 7:134 of the Code of Companies and Associations and if the written questions have been received by Solvac SA by Wednesday, 5 May 2021 at the latest, either by mail at the address of : Solvac SA, General Meetings, Rue de Ransbeek,310, 1120 Brussels, or by fax at +32 (0)2.264.37.67, or by e-mail at ag.solvac@solvac.be. For shareholders who choose to use the AGM+ platform, this platform also allows to submit the above-mentioned written questions. Answers to the written questions will be provided during the General Meeting.

In addition, in accordance with article 7:139 of the Code of Companies and Associations, time will be allocated during the General Meeting for a Q&A session during which directors will also answer questions addressed to them during the General Meeting regarding their report or the items on the agenda. Only shareholders who have chosen to virtually participate in and vote during the General Meeting via the AGM+ platform will be able to ask questions during the General Meeting. These questions can be submitted live in writing via the AGM+ platform.

AVAILABILITY OF DOCUMENTS

In accordance with Article 7:132 of the Code of Companies and Associations, each shareholder has the right to obtain free of charge, at Solvac SA, Champs Elysées Street, 43, at 1050 Brussels, on business days and during normal office hours as from the date of publication of this convening notice, copies of the documents which relate to this meeting and which must be made available to them pursuant to law, including this convening notice, the agenda of the Ordinary Shareholders' Meeting and the proxy form. These documents are also available on Solvac SA's website (https://www.solvac.be/gouvernance/assemblees-generales) and are also available on the AGM+ platform (https://lumiagm.com).

DATA PROTECTION

Solvac is responsible for the processing of the personal information that it receives from shareholders and proxy holders in the context of the General Meeting in accordance with applicable data privacy laws.

Such information will be used for the purposes of analysing and administrating the attendance and voting process in connection with the General Meeting, as set out in this convening notice, and will be transferred to third parties assisting the Company for the above purposes. This information will not be kept longer than necessary for these purposes.

Shareholders and proxy holders can consult the "Data Protection and Privacy Policy" with the link http://www.solvac.be/politiquede-confidentialite. They may request access to their data and any additional modification by contacting Solvac SA, Champs Elysées Street, 43 at 1050 Bruxelles – Belgique (tél +32 2 639 66 30 / email : contact@solvac.be).

We draw your attention to the fact that the resolution proposals will be submitted for electronic votes. Proxy votes will be counted in advance and systematically recorded for each point. It should be recalled that one share is equal to one vote.

We send you our best regards.

Jean-Pierre Delwart Chairman of the Board

Useful Information

Address to send the proxies:
Solvac SA – Assemblées Générales
Rue de Ransbeek 310
B – 1120 Bruxelles
Fax : +32 (0)2.264.37.67
Email : ag.solvac@solvac.be
HOTLINE : + 32 (0) 2. 264.30.65
RPM : 0423 898 710
Website : www.solvac.be
Address to send the proxies at the AGM+ platform of Lumi :
https://lumiagm.com
Address to participate and to vote on a digital way at the AGM+ platform of Lumi :
https://lumiagm.com

Ordinary General Shareholders' meeting on Tuesday May 11th, 2021 at 2:30 pm

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Agenda

• 1. Management Report 2020, including the Declaration of Corporate Governance and the External Auditor's Report.
• 1. Approval of the compensation report.

It is proposed to approve the compensation report found in the Declaration of Corporate Governance.

• 1. Consolidated accounts 2020, External Audit Report on the consolidated accounts.
• 1. Approval of annual accounts 2020 Distribution of earnings and setting of dividend.

It is proposed to approve the annual accounts as well as the distribution of earnings for the year and to set the gross dividend per entirely paid-up share at 5.44 EUR, after deduction of interim dividends respectively on August 17th, 2020 (3.26 EUR gross) and on December 29th, 2020 (2.18 EUR gross), the latter being final one.

1. Discharge of liability to be given to Board members and to the External Auditor for operations for the year 2020.

It is proposed to discharge liability of the Board members and the External Auditor in office for the operations relating to the year 2020.

1. Remuneration Policy.

It is proposed to approve the remuneration policy established in accordance with Article 7:89/1 of the Belgian Companies and Associations Code, for a four-year term which will expire at the end of the Ordinary General Shareholders' Meeting in May 2025.

• 1. Board of Directors Term renewals Nominations.
• a) The term of Mrs Savina de Limon Triest and of Mr Patrick Solvay expire at this General Meeting.

(i) The Board of Directors proposes to reelect Mrs Savina de Limon Triest for a four-year term which will expire at the end of the Ordinary General Shareholders' Meeting in May 2025.

(ii) The Board of Directors proposes to reelect Mr Patrick Solvay for a four-year term which will expire at the end of the Ordinary General Shareholders' Meeting in May 2025.

b) The term of Mr Jean-Pierre Delwart expires at this General Meeting. With regard to the rules applied by the company in terms of age, his mandate cannot be renewed. The Board of Directors propose to the Ordinary General Shareholders' Meeting to appoint Mrs Valentine Delwart as Board member for a four-year term. Her mandate will expire at the end of the Ordinary General Shareholders' Meeting of May 2025.

• c) The Board of Directors propose to the Ordinary General Shareholders' Meeting to designate Mrs Savina de Limon Triest as independent Board member.
• d) The Board of Directors propose to the Ordinary General Shareholders' Meeting to designate Mrs Valentine Delwart as independent Board member.

Solvac S.A. Champs Elysées street, 43 - 1050 Brussels Company N ° 0423.898.710

EXPLANATORY NOTE

GENERAL SHAREHOLDERS' MEETING ON TUESDAY MAY 11, 2021

This note was drawn up in application of article 7:129 §3,4 of the Belgian Companies and Associations Code and contains explanations on each item listed on the agenda for the General Shareholders' Meeting.

For more information on the General Shareholders' Meeting and the applicable procedures, we refer you to the text of the convening notice which can also be found on Solvac's website.

1. Management Report for the year 2020 including the Declaration of Corporate Governance and External Auditor's Report.

The Board of Directors drew up a management report on operations for the year 2020 – including the Declaration of Corporate Governance - in which all legally required elements are addressed. The External Auditor has submitted his report without reservation.

The documents are available on the Solvac's website and were given to the shareholders.

This item is used for communication purposes only and does not require adoption of a motion.

1. Approval of the Compensation Report.

It is proposed to approve the compensation report found in point 7.8 of the Declaration of Corporate Governance.

The Companies Code requires that the General Shareholders' Meeting approve the compensation report each year by a separate vote. This report provides information regarding the compensation of Board members.

1. Consolidated accounts 2020 – External Audit Report.

The consolidated accounts 2020 were verified and approved by the Board of Directors. The External Auditor has submitted his report without reservation.

The documents are available on the Solvac's website and were given to the shareholders.

This item is used for communication purposes only and does not require adoption of a motion.

1. Approval of annual accounts 2020 – Allocation of earnings and setting of dividend.

It is proposed to approve the annual accounts as well as the distribution of earnings for the financial year and to distribute a gross dividend per entirely paid-up share of EUR 5.44, after deduction of interim dividends respectively on August 17, 2020 (EUR 3.26 gross) and 29 December 2020 (EUR 2.18 gross), the latter being final one.

A copy of the annual accounts is available on the Solvac's website. They were given to the shareholders.

The Companies Code requires that the General Shareholders' Meeting approve by a separate vote each year the annual accounts as well as the distribution of earnings and setting of the dividend.

1. Discharge of liability to be given to Board members and to the External Auditor for operations for the year 2020.

It is proposed to discharge the liability of the Board members and to the External Auditor in office during the financial year 2020 for the operations relating to this year.

In accordance with the Belgian Companies and Associations Code, the General Shareholders' Meeting must, after approval of the annual accounts, approve by special vote the discharge of liability for the Board members and for the ExternalAuditor.

1. Remuneration Policy

It is proposed to approve the Remuneration Policy established in accordance with Article 7:89/1 of the Belgian Companies and Associations Code, for a period of 4 years which will expire at the end of the Ordinary General Meeting of May 2025. The Remuneration Policy was attached to the notice sent to shareholders.

• 1. Board of Directors: Terms Renewals Nomination.
  2. a) The terms of Mrs Savina de Limon Triest and Mr Patrick Solvay will expire at the end of this meeting.

It is proposed to reelect successively for a new four-year term as Board members, which will expire at the end of the Ordinary General Shareholders' Meeting in May 2025 ;

• (i) Mrs Savina de Limon Triest ;and
• (ii) Mr Patrick Solvay.
• b) The term of Mr Jean-Pierre Delwart expires at this General Meeting. With regard to the rules applied by the company in terms of age, his mandate cannot be renewed

It is proposed to the Ordinary General Shareholders' Meeting to appoint Mrs Valentine Delwart as Board member for a four-year term. Her mandate will expire at the end of the Ordinary General Shareholders' Meeting of May 2025.

• c) It is proposed to designate Mrs Savina de Limon Triest as independent Board member of the Board of Directors.
• d) It is proposed to designate Mrs Valentine Delwart as independent Board member of the Board of Directors.

Taking into consideration the advice of the Nominations Committee, the Board of Directors recommends adoption of these resolutions by the General Shareholders' Meeting.

For more information regarding Mrs Savina de Limon Triest and Mr Patrick Solvay, we refer the shareholders to point 4. "Board of Directors" appearing in the annual report.

For more information regarding Mrs Valentine Delwart, we refer the shareholders to Mrs Valentine Delwart's curriculum vitae, which can be found on the Solvac's website and has been sent to the shareholders.

Solvac Compensation Policy

1. Principles

In accordance with Article 7:89/1 of the Belgian Companies and Associations Code, this Compensation Policy has been adopted by the Board of Directors of Solvac.

This Policy is tailored to the fact that Solvac is a mono-holding company with no commercial activity and whose governance and management structure is very simple. The compensation is transparent and personalized.

Directors are appointed in principle for a term of four years by the Shareholders Meeting. They are nonexecutives, with the exception of the Managing Director. The only other executive officer of the company is its General Manager. The Shareholder Department consists of three people.

The company also has no compensation committee, benefiting from the exemption provided for by Article 7:100, §3 of the Belgian Companies and Associations Code, so that the duties attributed to this committee are performed by the Board of Directors.

The Compensation Policy is tailored to the interests of the company and is likely to contribute to its longterm sustainability.

2. Compensation of the members of the Board of Directors

For many years, the compensation of the Directors and of the Chairman of Solvac has consisted entirely of the granting of attendance' fees. These fees were fixed for an indefinite period by Solvac's Ordinary Shareholders Meeting held in May 2013. The gross compensation amounts are disclosed in the Compensation Report included in the Governance Statement of the Solvac Annual Report.

The Managing Director exercises his mandate free of charge.

The Directors do not receive any other form of compensation and, in particular, no variable compensation linked to the results or other performance criteria or compensation in the form of options, bonuses, premiums or shares.

Directors residing abroad receive reimbursement for their travel expenses for Board meetings.

Solvac has also taken out a customary insurance policy (Directors & Officers Liability Insurance) covering the activities of directors in the performance of their duties.

3. Compensation of the General Manager

The duties of the General Manager and Secretary-General are performed by a company providing such services, the representative of which allocates half of his fees annually to perform these functions. The service agreement is entered into for an indefinite period and may be terminated upon six months' notice.

In accordance with the service agreement concluded between the company and the service provider, the services of the General Manager and Secretary-General are compensated by a lump sum payment billed by the service company. The amount of compensation is disclosed in the Compensation Report included in the Governance Statement of the Solvac Annual Report.

The General Manager does not receive any other form of compensation and, in particular, no compensation linked to the results or other performance criteria or compensation in the form of options, bonuses, premiums or shares, and does not benefit from a supplementary pension scheme.

The D&O insurance policy taken out by the company also covers the General Manager.

CURRICULUM VITAE - VALENTINE DELWART

Born: August 7, 1979 Maried, 2 children

Professional Career

Since March 2011 :	General Secretary of « Mouvement Réformateur »
Nov 2015 – Sept 2020:	Secretary of the Consultation Committee (Federal Government)
Dec 2007 – Feb 2011 :	Spokesperson of the Minister of Development Cooperation
Aug 2004 – Dec 2004 :	Parliamentary Attaché at the Federal Parliament
Sept 2003 – July 2004 :	Jural Advisor of the Ministery of Public Service and Local
	Authorities

Board Member – Companies

Since May 2013 (deadline May 2025)	Independent Board Member at FLUXYS BE
Nov 2013 – Feb 2018 :	Non – executive Board Member at SNCB
May 2007 – June 2018 :	Alternate Board Member at BRUTELE

Training

• 2003 : Master in European Law (University of Ghent) thesis not delivered
• 2002 : Erasmus Law in Innsbruck (Austria)
• 1998 2002 : Law Degree (FUNDP UCL) with great distinction
• 1991 1998 : Secondary School in the St André Institute (Ixelles)
• 1985 1991 : Primary School at Servites de Marie (Uccle)

Political Background

From December 2012 : Alderman (Uccle) in charge of Finance, Economy and Trade, Staff, Legal Affairs and Youth)

From December 2006 : Town Councilor (Uccle)

To be valid, this form must be received by Solvac SA no later than Wednesday, May 5, 2021

P R O X Y

I, the undersigned (name, first name and address to be completed)

holder of ……………………… registered shares, on the record date of Tuesday 27 April, 2021 at midnight, hereunder mentioned from Solvac SA, with registered office at Rue des Champs Elysées, 43, 1050 Brussels, hereby grant authority,

to Mr Alex Dessalle,

with right of substitution,

to represent me in the General Meeting of Solvac SA that will take place on Tuesday 11 May 2021 at 2.30 p.m. (Belgian time) and to vote in my name on all the items on the agenda.

The proxy may also sign all deeds, documents, minutes, attendance lists and other documents relating to the General Meeting and, in general, do whatever is necessary to fulfil this mandate.

Legal entity shareholders must specify the name(s), first name(s) and capacity of the physical person(s) who sign(s) this proxy form on their behalf. The physical person(s) hereby declare(s) and warrant(s) to Solvac SA to have full authority to execute this proxy form.

Solvac SA must be provided with this proxy, duly completed and signed, by 5 May 2021 at the latest. In addition, shareholders must comply with the registration procedure described in the convening notice to the General Meeting. The proxy may be sent by mail to the company's registered office: Solvac SA, General Meetings, 310 rue de Ransbeek, 1120 Brussels, or by e-mail to ag.solvac@solvac.be, or by fax to +32 (0)2.264.37.67.

As indicated in the convening notice, instead of using this proxy, shareholders may use the AGM+ platform to complete and submit their proxy electronically. In this case, in order to be valid, the proxy must be submitted directly on the AGM+ platform by 5 May 2021 at the latest, in the manner described in the convocation.

In view of the exceptional situation related to the coronavirus and the measures taken by the authorities restricting gatherings, the proxy holder appointed under the proxies shall exclusively be Mr Alex Dessalle, as indicated below.

Each proxy must provide precise voting instructions for each item on the agenda.

In the absence of indication on how to vote for one or more of the resolutions proposed below or if the instructions as to the meaning of the vote given by the shareholder are not clear, this will constitute an instruction to vote in favour of the relevant proposed resolution(s).

ORDINARY SHAREHOLDERS' MEETING

• 1. Management Report on operations for 2020 including the Declaration of Corporate Governance and External Auditor's Report
• 1. Approval of compensation report It is proposed to approve the compensation report found in the Declaration of Corporate Governance. FOR AGAINST ABSTAIN
• 1. Consolidated accounts from 2020 External Audit Report
• 1. Approval of annual accounts from 2020 Distribution of earnings and setting of dividend It is proposed to approve the annual accounts as well as the distribution of earnings for the year and to set the gross dividend per entirely paid-up share at 5.44 EUR, after deduction of interim dividends respectively on August 17, 2020 (3.26 EUR gross) and on December 29, 2020 (2.18 EUR gross), the latter being final one.

FOR		AGAINST		ABSTAIN	
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1. Discharge of liability to be given to Board members and to the Auditor for operations for the year 2020 It is proposed to discharge liability of Board member FOR AGAINST ABSTAIN of the External Auditor FOR AGAINST ABSTAIN working in 2020 for the operations relating to this year.

2. Remuneration Policy

It is proposed to approve the remuneration policy established in accordance with Article 7:89/1 of the Belgian Companies and Associations Code and attached to the notice of meeting, for a four-year term which will expire at the end of the Ordinary General Shareholders' Meeting in May 2025

FOR  AGAINST  ABSTAIN	
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1. Board of Directors: Term renewals – Nomination

a) It is proposed to reelect

(i) Mrs Savina de Limon Triest FOR AGAINST ABSTAIN for a period of 4 years. Her mandate will expire at the end of the Ordinary General Shareholders' Meeting of May 2025. (ii) Mr Patrick Solvay FOR AGAINST ABSTAIN for a period of 4 years. His mandate will expire at the end of the Ordinary General Shareholders' Meeting of May 2025.

b) The mandate of Mr Jean-Pierre Delwart expires at this General Meeting. With regard to the rules applied by the company in terms of age limits, his mandate cannot be renewed anymore.

It is proposed to appoint Mrs Valentine Delwart FOR AGAINST ABSTAIN as a Board member for a four-year term. Her mandate will expire at the end of the Ordinary General Shareholders' Meeting of May 2025.

c) It is proposed to designate Mrs Savina de Limon Triest as independent Board member of the Board of Directors.
	FOR		AGAINST		ABSTAIN	
d) It is proposed to designate Mrs Valentine Delwart as independent Board member of the Board of Directors.
	FOR		AGAINST		ABSTAIN	

In case shareholders, in accordance with Article 7:130 of the Code of Companies and Associations, exercise their right to add items to the agenda and/or to submit resolution proposals with regard to existing agenda items or new items to be added to the agenda, proxies submitted prior to the publication of the revised agenda shall remain valid for the agenda items that they cover. Solvac SA will also make the revised agenda and a revised model of shareholder proxy form available on its website (https://www.solvac.be/gouvernance/assemblees-generales) at the latest on 26 April 2021, in order to allow shareholders who would wish to give specific voting instructions on the new agenda items and/or new/alternative proposed resolutions.

In case new/alternative proposed resolutions are submitted with respect to agenda items existing after the notified proxies, the proxy holder shall abstain from voting on the new/alternative proposed resolutions. However, in this case, shareholders will have the possibility to send a new proxy to Solvac SA, using the revised proxy form mentioned in the previous paragraph.

Data Protection

Solvac is responsible for the processing of the personal information that it receives from shareholders and proxyholders in the context of the General Meeting in accordance with applicable data privacy laws.

Such information will be used for the purposes of analyzing and administrating the attendance and voting process in connection with the General Meeting, as set out in the convening notice, and will be transferred to third parties assisting the Company for the above purposes. This information will not be kept longer than necessary for these purposes.

Shareholders and proxy holders can consult the "Data Protection and Privacy Policy" with the link http://www.solvac.be/politique-deconfidentialite.

They may request access to and modification of the data provided to the company by contacting Solvac SA, Champs Elysées Street 43 - 1050 Brussels - Belgium (tel. +32 2 639 66 30 / email : contact@solvac.be).

We draw your attention to the fact that the resolution proposals will be submitted for electronic votes. Proxy votes will be counted in advance and systematically recorded for each point. It should be recalled that one share is equal to one vote.

Signed at , on 2021.

Signature(s) must be preceded by the notation "Good for Authorization"