Bekaert - Update on the Share Buyback Program and the Liquidity Agreement

Update on the Share Buyback Program and the Liquidity Agreement
Period from 15 September 2022 to 21 September 2022

Share Buyback Program

In the context of the share buyback program of Bekaert, announced on 25 February 2022, the third tranche of € 30 million started on 29 July 2022.

Bekaert announces today that during the period from 15 September 2022 to 21 September 2022, Kepler Cheuvreux on behalf of Bekaert has bought 92 170 shares.

The table below provides an overview of the transactions under the third tranche of the share buyback program during the period from 15 September 2022 to 21 September 2022:

	Repurchase of shares
Date	Market	Number of Shares	Average Price paid (€)	Highest Price paid (€)	Lowest Price paid (€)	Total Amount (€)
15 September 2022	Euronext Brussels	8 255	27.78	28.02	27.60	229 324
	MTF CBOE	6 035	27.77	28.02	27.60	167 592
	MTF Turquoise	1 167	27.78	27.92	27.62	32 419
	MTF Aquis	1 365	27.83	27.92	27.60	37 988
16 September 2022	Euronext Brussels	8 163	27.22	27.62	26.98	222 197
	MTF CBOE	6 335	27.21	27.42	26.98	172 375
	MTF Turquoise	1 300	27.29	27.52	27.28	35 477
	MTF Aquis	1 500	27.30	27.52	27.24	40 950
19 September 2022	Euronext Brussels	9 212	27.52	27.88	27.16	253 514
	MTF CBOE	5 485	27.39	27.68	27.12	150 234
	MTF Turquoise	1 036	27.44	27.68	27.24	28 428
	MTF Aquis	1 167	27.41	27.66	27.20	31 987
20 September 2022	Euronext Brussels	9 450	27.16	27.82	26.72	256 662
	MTF CBOE	7 700	27.13	27.84	26.66	208 901
	MTF Turquoise	1 400	27.23	27.78	27.12	38 122
	MTF Aquis	1 600	27.27	28.00	27.14	43 632
21 September 2022	Euronext Brussels	10 000	26.98	27.34	26.70	269 800
	MTF CBOE	7 900	27.03	27.26	26.96	213 537
	MTF Turquoise	1 400	26.99	27.32	26.76	37 786
	MTF Aquis	1 700	27.04	27.38	26.76	45 968
Total		92 170	27.31	28.02	26.66	2 516 893

As announced on 25 February 2022 and 29 July 2022, the purpose of the program is to reduce the issued share capital of the company. All shares repurchased as part of the program will be cancelled.

Liquidity agreement

In the context of the renewed liquidity agreement with Kepler Cheuvreux, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 10 400 shares during the period from 15 September 2022 to 21 September 2022 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 7 200 shares on Euronext Brussels.

The tables below provide an overview of the transactions under the liquidity agreement during the period from
15 September 2022 to 21 September 2022:

	Purchase of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
15 September 2022	1 200	27.67	27.70	27.60	33 204
16 September 2022	3 400	27.29	27.64	27.00	92 786
19 September 2022	400	27.18	27.18	27.18	10 872
20 September 2022	5 000	27.23	27.80	26.90	136 150
21 September 2022	400	26.70	26.70	26.70	10 680
Total	10 400	—	—	—	283 692

	Sale of shares
Date	Number of Shares	Average Price (€)	Highest Price (€)	Lowest Price (€)	Total Amount (€)
15 September 2022	800	27.95	28.00	27.90	22 360
16 September 2022	0	0.00	0.00	0.00	0
19 September 2022	5 000	27.60	27.64	27.40	138 000
20 September 2022	0	0.00	0.00	0.00	0
21 September 2022	1 400	27.24	27.28	27.20	38 136
Total	7 200	—	—	—	198 496

The balance held by Bekaert under the liquidity agreement at the end of the period is 99 867 shares.

On 21 September 2022 after closing of the market, Bekaert holds 3 584 710 own shares, or 6.08% of the total number of the outstanding shares.

Related press release: 2 September 2022: Bekaert renews existing liquidity contract

This information is also made available on the investor relations pages of our website.

Attachment

• p220923E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement