Umicore — Major Shareholding Notification 2024

Mar 4, 2024

Press release Regulated information March 4th 2024 - 18:30 CET

Transparency notification by BlackRock, Inc.

In accordance with article 14, § 1 of the law of 2 May 2007 on disclosure of major holdings, BlackRock Inc. has recently notified Umicore that it has successively crossed the statutory threshold of 5% for the direct voting rights upwards on 27 February 2024, and then downwards on 29 February 2024

The total holding of direct voting rights and equivalent financial instruments stands now at 5.57%.

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
27 February 2024	28 February 2024	5.00%	0.80%	5.81%
29 February 2024	1 March 2024	4.89%	0.68%	5.57%

Notification of March 1st 2024:

The most recent notification contains the following information:

• Date of notification: March 1st 2024
• Date on which the threshold is crossed: February 29 th 2024
• Threshold of direct voting rights crossed downwards: 5%
• Notification by: BlackRock, Inc
• Denominator: 246,400,000
• Reason for notification: Acquisition or disposal of voting securities or voting rights

A) Voting rights	Previous notification	After the transaction
	# of voting rights		# of voting rights	% of voting rights
Holders of voting rights		Not linked to the Linked to securities securities		Linked to securities	Not linked to the securities
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	10,253	10,253		0.00%
BlackRock (Singapore) Limited	13,251	4,081		0.00%
BlackRock Advisors (UK) Limited	1,905,680	2,101,547		0.85%
BlackRock Advisors, LLC	127,244	127,244		0.05%
BlackRock Asset Management Canada Limited	318,240	130,886		0.05%
BlackRock Asset Management Deutschland AG	332,299	332,299		0.13%
BlackRock Asset Management North Asia Limited	7.130	6,767		0.00%
BlackRock Financial Management, Inc.	45,618	38,302		0.02%
BlackRock Fund Advisors	4,208,350	3,950,538		1.60%
BlackRock Institutional Trust Company, National Association	2,315,835	2,327,778		0.94%
BlackRock Investment Management (Australia) Limited	80,246	80,246		0.03%
BlackRock Investment Management (UK) Limited	1,922,637	1,901,918		0.77%
BlackRock Investment Management, LLC	690,713	679,016		0.28%
BlackRock Japan Co., Ltd.	337,643	337,643		0.14%
Aperio Group, LLC	12,374	11,249		0.00%
Subtotal	12,327,513	12,039,767		4.89%
TOTAL		12,039,767	0	4.89%	0.00%

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
BlackRock Advisors (UK) Limited	Securities Lent			358,251	0.15%	physical
BlackRock Institutional Trust Company, Securities Lent National Association				373,610	0.15%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			232,865	0.09%	physical
BlackRock Japan Co., Ltd.	Securities Lent			10,049	0.00%	physical
BlackRock Financial Management, Inc. Contract Difference				94,336	0.04%	cash
BlackRock Institutional Trust Company, Contract Difference National Association				135,257	0.05%	cash	20
BlackRock Advisors (UK) Limited	Depositary Receipt			16,526	0.01%
Aperio Group, LLC	Depositary Receipt			466,298	0.19%		+
	TOTAL			1,687,192	0.68%

TOTAL (A & B)		# of voting rights % of voting rights
	CALCULATE	13,726,959	5.57%

Notification of February 28th 2024:

• Date of notification: February 28 th 2024
• Date on which the threshold is crossed: February 27 th 2024
• Threshold of direct voting rights crossed upwards: 5%
• Notification by: BlackRock, Inc
• Denominator: 246,400,000
• Reason for notification: Acquisition or disposal of voting securities or voting rights

A) Voting rights	Previous notification	After the transaction
	# of voting rights		# of voting rights	% of voting rights
Holders of voting rights		Not linked to the Linked to securities securities		Linked to securities	Not linked to the securities
BlackRock, Inc.	0	0		0.00%
BlackRock (Netherlands) B.V.	10,253	10,253		0.00%
BlackRock (Singapore) Limited	4.081	13,251		0.01%
BlackRock Advisors (UK) Limited	1,796,855	1,905,680		0.77%
BlackRock Advisors, LLC	127,244	127,244		0.05%
BlackRock Asset Management Canada Limited	317,425	318,240		0.13%
BlackRock Asset Management Deutschland AG	332,299	332,299		0.13%
BlackRock Asset Management North Asia Limited	6.767	7,130		0.00%
BlackRock Financial Management, Inc.	45,425	45,618		0.02%
BlackRock Fund Advisors	4,208,350	4,208,350		1.71%
BlackRock Institutional Trust Company, National Association	2,355,466	2,315,835		0.94%
BlackRock Investment Management (Australia) Limited	80,246	80,246		0.03%
BlackRock Investment Management (UK) Limited	1,906,753	1,922,637		0.78%
BlackRock Investment Management, LLC	672,963	690,713		0.28%
BlackRock Japan Co., Ltd.	337,643	337,643		0.14%
Aperio Group, LLC	12,374	12,374		0.01%
Subtotal	12,214,143	12,327,513		5.00%
TOTAL		12,327,513	0	5.00%	0.00%

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
BlackRock Advisors (UK) Limited	Securities Lent			655,298	0.27%	physical
BlackRock Institutional Trust Company, National Association	Securities Lent			373,611	0.15%	physical
BlackRock Investment Management (UK) Limited	Securities Lent			222,222	0.09%	physical
BlackRock Japan Co., Ltd.	Securities Lent			10,049	0.00%	physical
BlackRock Financial Management, Inc.	Contract Difference			93,858	0.04%	cash
BlackRock Institutional Trust Company, National Association	Contract Difference			134,948	0.05%	cash
BlackRock Advisors (UK) Limited	Depositary Receipt			16,709	0.01%
Aperio Group, LLC	Depositary Receipt			473,231	0.19%
	TOTAL			1,979,926	0.80%
The totals will be updated once you have clicked on
	TOTAL (A & B)			# of voting rights	% of voting rights

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

For more information

Caroline Kerremans	+32 2 227 72 21	caroline.kerremans@umicore.com
Benoit Mathieu	+32 2 227 73 72	benoit.mathieu@umicore.com
Adrien Raicher	+32 2 227 74 34	adrien.raicher@umicore.com

About Umicore

Umicore is a circular materials technology company, that focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organized into four Business Groups: Battery Materials, Catalysis, Recycling and Specialty Materials. Each Business Group is divided into market-focused business units offering materials and solutions at the cutting edge of new technological developments and essential to everyday life.

Umicore generates the most of its revenues from 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 fulfills its mission: Materials for a better life. 

Umicore's industrial and commercial operations as well as its R&D activities are spread across the world to best serve its international customer base with more than 11,500 employees. The Group generated revenues (excluding metal) of € 3.9 billion (turnover of € 18.3 billion) in 2023.