Sonae SGPS — Capital/Financing Update 2024

Mar 18, 2024

Announcement

(Translation from the Portuguese original)

Maia, 18 March 2024

BONDS ISSUANCE

Sonae SGPS informs that it proceeded with the issuance of bonds, on March 18, 2024, in the amount of EUR 150,000,000 (one hundred and fifty million euros) (Series 3), maturing on November 27, 2028, through private subscription and without guarantees, named "SONAE SGPS SENIOR BONDS 2028-11-27" (ISIN PTSONIOM0007).

This issuance was made under a financing agreement to finance the voluntary public offer for the acquisition of shares of the Finnish company Musti Group Plc, with associated issuances totalling EUR 550,000,000.00 (five hundred and fifty million euros).

The financial institutions involved in the aforementioned issuances were Banco BPI, S.A., CaixaBank, S.A., and Banco Santander Totta, S.A. as "Global and Sustainability Coordinators, Underwriters, Bookrunners, Mandated Lead Arrangers and Original Bondholders", as well as Caixa Geral de Depósitos, S.A. and Banco Comercial Português, S.A. as "Mandated Lead Arrangers".

The completion of this operation allows Sonae SGPS to structurally finance the necessary funds to pursue its strategic objectives, while maintaining an adequate maturity of its long-term debt.

The Representative for Market Relations,

Head Office Lugar do Espido, Via Norte, Maia Share Capital: €2.000.000.000,00 Maia Commercial Registry and Fiscal Number 500273170

For further information, please contact the Investor Relations Department at Sonae:

Ricardo Figueiredo da Rocha Head of Investor Relations / Sonae T. +351 220 104 794 // E. rjfrocha@sonae.pt www.sonae.pt