Umicore

Major Shareholding Notification • Jul 5, 2022

Press release Regulated information July 5 th 2022 - 18:30 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
23 June 2022	July 1st 2022	2.59%	2.60%	5.19%

The most recent notification contains the following information:

• Date of notification: July 1 st 2022
• Date on which the threshold is crossed: June 23 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
Merrill Lynch International	0	5,349,175	0	2.17%	0.00%
Bank of America, NA	0	14.095	0	0.01%	0.00%
BofA Securities Europe SA	0	959,753	0	0.39%	0.00%
Merrill Lynch Professional Clearing Corporation	0	0	0	0.00%	0.00%
BofA Securities, Inc.	0	19,395	0	0.01%	0.00%
Managed Account Advisors, LLC	0	37,510	0	0.02%	0.00%

U.S. Trust Co of Delaware	0	3.409	0	0.00%	0.00%
Merrill Lynch, Pierce, Fenner & Smith Inc	0	622	0	0.00%	0.00%
Subtotal		6,383,959		2.59%
	TOTAL	6,383,959	o	2.59%	0.00%

Start with "groups" of holders. Add subtotals with Z, and then finish with the persons who are "alone".
For groups, start with the ultimate controlling natural person or l

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			253,415	0.10%	physical
BofA Securities, Inc.	Right to Recall			123,063	0.05%	physical
BofA Securities Europe SA	Right to Recall			56,279	0.02%	physical
Merrill Lynch International	Right of Use			115,336	0.05%	physical
Merrill Lynch Professional Clearing Corporation	Right of Use			16,606	0.01%	physical
BofA Securities Europe SA	Right of Use			32,539	0.01%	physical
Merrill Lynch International	Call Options	16/12/2022		260,000	0.11%	physical
Bank of America, NA	Swaps	05/05/2025		6,567	0.00%	cash	-
Bank of America, NA	Swaps	29/07/2022		203,294	0.08%	cash
BofA Securities Europe SA	Swaps	30/12/2022		24,116	0.01%	cash	-
BofA Securities Europe SA	Swaps	06/07/2022		65,000	0.03%	cash
BofA Securities Europe SA	Swaps	22/07/2022		162,000	0.07%	cash
BofA Securities Europe SA	Swaps	25/07/2022		1,282,000	0.52%	cash
BofA Securities Europe SA	Swaps	29/07/2022		203,294	0.08%	cash
BofA Securities Europe SA	Swaps	15/08/2022		61,375	0.02%	cash
BofA Securities Europe SA	Swaps	31/10/2022		5,584	0.00%	cash
BofA Securities Europe SA	Swaps	16/11/2022		299,981	0.12%	cash
BofA Securities Europe SA	Swaps	30/12/2022		70,106	0.03%	cash
BofA Securities Europe SA	Swaps	13/01/2023		846	0.00%	cash
BofA Securities Europe SA	Swaps	24/01/2023		110,153	0.04%	cash
BofA Securities Europe SA	Swaps	31/01/2023		123,258	0.05%	cash
BofA Securities Europe SA	Swaps	15/02/2023		364,254	0.15%	cash
BofA Securities Europe SA	Swaps	28/02/2023		14,318	0.01%	cash
BofA Securities Europe SA	Swaps	24/04/2023		991,786	0.40%	cash	-
BofA Securities Europe SA	Swaps	28/04/2023		1,368,761	0.56%	cash
BofA Securities Europe SA	Swaps	13/06/2023		59,155	0.02%	cash	-
BofA Securities Europe SA	Swaps	08/08/2023		86,067	0.03%	cash
BofA Securities Europe SA	Swaps	25/06/2024		2,092	0.00%	cash
BofA Securities Europe SA	Swaps	08/08/2024		34,721	0.01%	cash
BofA Securities Europe SA	Swaps	05/05/2025		6,567	0.00%	cash	+
	TOTAL			6,402,633	2.60%

TOTAL (A & B)		# of voting rights % of voting rights
	CALCULATE	12,786,592	5.19%

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

20220705_TransparencyD eclaration_BankofAmeric aEN

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.