Solvay SA — Major Shareholding Notification 2024

Sep 27, 2024

Press release Regulated information

Participation notification by UBS Group AG

Brussels, September 27, 2024, 08:30 CEST

In line with Belgian transparency legislation (Law of May 2, 2007), UBS Group AG recently sent to Solvay the following transparency notification indicating that they crossed the threshold of 3%.

The notification, dated September 24, 2024, contains the following information:

• Reason for the notification:
  • Acquisition or disposal of voting securities or voting rights
  • Acquisition or disposal of financial instruments that are treated as voting securities
  • Downward crossing of the lowest threshold
• Notified by: A parent undertaking or a controlling person
• Date on which the threshold is crossed: September 18, 2024
• Threshold of direct voting rights crossed: 3% downwards
• Denominator: 105,876,416
• Additional information: The disclosure obligation arose due to the total indirect holdings of UBS Group AG in voting rights of Solvay SA, held directly by controlled undertakings falling below 3% on 18 September 2024. This was caused by a reduction in the Trading Book holdings of the aforementioned entities below 5% and therefore being exempt from reporting.
• Persons subject to the notification requirement: UBS Group AG (Bahnhofstrasse 45, 8001 Zürich).

● Notified details:

A) Voting rights	Previous notification	After the transaction
	# of voting rights		# of voting rights	% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
UBS Group AG	0
UBS Asset Management (Americas) LLC	43.394
UBS Asset Management (Singapore) Ltd	732
UBS Asset Management (UK) Limited	20.326
UBS Asset Management Life Limited	23.231
UBS Fund Management (Luxembourg) S.A.	56,505
UBS Fund Management (Switzerland) AG	22.058
Credit Suisse Funds AG	32.266
Credit Suisse Fund Management SA	37.418
Credit Suisse (Schweiz) AG	19.747
Subtotal	255.677

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
	TOTAL			0	0.00%

TOTAL (A & B)		# of voting rights % of voting rights
	CALCULATE	o	0.00%

· Full chain of controlled undertakings through which the holding is effectively held:

Situation as at 18 September 2024

11. Information in relation to the person subject to the notification obligation organizational chart

UBS Group AG, indirectly through its subsidiaries:

• · UBS AG, directly and indirectly through:
  • · UBS Switzerland AG, and
  • · UBS Asset Management AG, indirectly through:
    • UBS Asset Management Holding (No.2) Ltd, indirectly through:
      • UBS Asset Management Holding Ltd, indirectly through:
        • UBS Asset Management (UK) Limited, and
        • UBS Asset Management Life Ltd, and
    • UBS Fund Management (Luxembourg) S.A., and
    • UBS Asset Management (Singapore) Ltd, and
    • UBS Asset Management Switzerland AG, indirectly through:
      • UBS Fund Management (Switzerland) AG, and
  • Credit Suisse Asset Management International Holding Ltd, indirectly . through:
    • Credit Suisse Asset Management & Investor Services (Schweiz) Holding AG, indirectly through:
      • Credit Suisse Fund Management S.A.

Transparency notifications are available on the Investor Relations Section of Solvay's website.

Contacts

Peter Boelaert +32 479 30 91 59

Laetitia Van Minnenbruggen +32 484 65 30 47

media.relations@solvay.com

Media relations Investor relations

Boris Cambon-Lalanne +32 471 55 37 49

Geoffroy d'Oultremont +32 478 88 32 96

Vincent Toussaint +33 6 74 87 85 65

investor.relations@solvay.com

About Solvay

Solvay, a pioneering chemical company with a legacy rooted in founder Ernest Solvay's pivotal innovations in the soda ash process, is dedicated to delivering essential solutions globally through its workforce of over 9,000 employees. Since 1863, Solvay harnesses the power of chemistry to create innovative, sustainable solutions that answer the world's most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay's unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition. As a world-leading company with €4.9 billion in net sales in 2023, Solvay is listed on Euronext Brussels and Paris (SOLB). For more information about Solvay, please visit solvay.com or follow Solvay on Linkedin.

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