Umicore

Major Shareholding Notification • Jul 20, 2022

Press release Regulated information July 20th 2022 - 8:30 CEST

Transparency notification by Bank of America

In accordance with article 14, § 1 of the law of 2 May 2007 on disclosure of major holdings Bank of America has recently notified Umicore that it has crossed the statutory threshold of 5% for the total of direct voting rights + equivalent financial instruments.

Summary of the moves:

Date on which the threshold was crossed	Date of notification	Direct voting rights after the transaction	Equivalent financial instruments after the transaction	Total
8 July 2022	14 July 2022	2.25%	3.05%	5.30%

The most recent notification contains the following information:

• Date of notification: July 14 th 2022
• Date on which the threshold is crossed: July 8 th 2022
• Threshold of direct voting rights + equivalent financial instruments crossed upwards: 5%
• Notification by: Bank of America
• Denominator: 246,400,000
• Reason for notification: Acquisition or disposal of voting securities or voting rights
• Notification 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
Bank of America Corporation		$\mathbf{0}$	$\mathbf{0}$	0.00%	0.00%
Merrill Lynch International		4.541.104	$\mathbf{0}$	1.84%	0.00%
Bank of America, NA		13,374	$\mathbf{0}$	0.01%	0.00%
BofA Securities Europe SA		935,036	$\mathbf{0}$	0.38%	0.00%
Merrill Lynch Professional Clearing Corporation		$\mathbf{0}$	$\mathbf{0}$	0.00%	0.00%
BofA Securities, Inc.		25,659	$\mathbf{O}$	0.01%	0.00%

Managed Account Advisors, LLC		32,469	$\mathbf{0}$	0.01%	0.00%
U.S. Trust Co of Delaware		2,315	$\mathbf{0}$	0.00%	0.00%
Merrill Lynch, Pierce, Fenner & Smith Inc		627	$\mathbf{O}$	0.00%	0.00%
Subtotal		5,550,584		2.25%
	TOTAL	5,550,584	0	2.25%	0.00%

Start with "groups" of holders. Add subtotals with $\sum$ , and then finish with the persons who are "alone".
For groups, start with the ultimate controlling natural person or legal entity.
The totals, subtotals and % will b

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
Merrill Lynch International	Right to Recall			1,140,578	0.46%	physical
BofA Securities, Inc.	Right to Recall			56,279	0.02%	physical
BofA Securities Europe SA	Right to Recall			157,900	0.06%	physical
Merrill Lynch International	Right of Use			o	0.00%	physical
Merrill Lynch Professional Clearing Corporation	Right of Use			4,856	0.00%	physical
BofA Securities Europe SA	Right of Use			23,188	0.01%	physical
Merrill Lynch International	Call Options	16/12/2022		260,000	0.11%	physical
Bank of America, NA	Swaps	29/07/2022		211,836	0.09%	cash
Bank of America, NA	Swaps	05/05/2025		1,627	0.00%	cash
BofA Securities Europe SA	Swaps	30/11/2022		264	0.00%	cash
Merrill Lynch International	Swaps	22/07/2022		162,000	0.07%	cash
Merrill Lynch International	Swaps	25/07/2022		1,282,000	0.52%	cash
Merrill Lynch International	Swaps	29/07/2022		211,836	0.09%	cash
Merrill Lynch International	Swaps	09/08/2022		214,000	0.09%	cash
Merrill Lynch International	Swaps	31/10/2022		5,584	0.00%	cash
Merrill Lynch International	Swaps	16/11/2022		271,528	0.11%	cash
Merrill Lynch International	Swaps	30/12/2022		16,055	0.01%	cash
Merrill Lynch International	Swaps	13/01/2023		413	0.00%	cash
Merrill Lynch International	Swaps	24/01/2023		110,153	0.04%	cash
Merrill Lynch International	Swaps	31/01/2023		137,277	0.06%	cash
Merrill Lynch International	Swaps	15/02/2023		364,254	0.15%	cash
Merrill Lynch International	Swaps	28/02/2023		22,468	0.01%	cash
Merrill Lynch International	Swaps	24/04/2023		991,786	0.40%	cash
Merrill Lynch International	Swaps	28/04/2023		1,473,416	0.60%	cash
Merrill Lynch International	Swaps	13/06/2023		36,984	0.02%	cash
Merrill Lynch International	Swaps	08/08/2023		188,343	0.08%	cash
Merrill Lynch International	Swaps	08/01/2024		902	0.00%	cash
Merrill Lynch International	Swaps	08/03/2024		637	0.00%	cash
Merrill Lynch International	Swaps	25/06/2024		2,092	0.00%	cash
Merrill Lynch International	Swaps	25/07/2024		51	0.00%	cash
Merrill Lynch International	Swaps	08/08/2024		34,721	0.01%	cash
Merrill Lynch International	Swaps	05/05/2025		1,627	0.00%	cash
Merrill Lynch International	Swaps	18/03/2026		120,954	0.05%	cash	÷
	TOTAL			7,505,609	3.05%

$\sim$

The totals will be abrared once you have clicked on scale order to-

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	13,056,193	5.30%

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The chain of control has been described at the end of the notification and can be found here.

For more information

Investor Relations
Eva Behaeghe	+32 2 227 70 68	eva.behaeghe@umicore.com
Adrien Raicher	+32 2 227 70 68	adrien.raicher@umicore.com

About Umicore

Umicore is the circular materials technology Group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organised in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.

Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore's overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life.

Umicore's industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. The Group generated revenues (excluding metal) of € 4.0 billion (turnover of € 24.1 billion) and employed 11,050 people in 2021.