Reopening of the public takeover bid on Exmar NV launched by Saverex NV

27/03/2025

Reference is made to EXMAR's press release dated March 20, 2025, concerning the completion of the initial acceptance period of the public takeover bid launched by Saverex NV (the "Bidder") for all shares issued by Exmar NV ("Exmar" or the "Target") not already owned by it or persons affiliated with it (the "Bid").

During the initial acceptance period, 2,375,542 shares in the Target, representing 3.99% of the outstanding shares in the Target, were tendered into the Bid. As a result, the Bidder will hold a total of 53,100,056 shares in the Target, representing 89.24% of the outstanding shares in the Target. Taking into account the shares in the Target held by Nicolas Saverys (7,924 shares) and by Exmar (1,956,013 shares), the Bidder and persons affiliated with it together will hold 55,063,993 shares, representing 92.54% of the outstanding shares in the Target.

The Bidder has decided to waive the 95% acceptance threshold and to proceed with the Bid, without conditions. In accordance with the timeline provided in the prospectus, the Bid will be reopened from Thursday 27 March 2025 to Wednesday 16 April 2025 at 16:00 (Belgian time). Shareholders who have not yet accepted the Bid will thus be able to accept the Bid during this second acceptance period.

The prospectus (including the response memorandum, the report of the independent expert and the acceptance form) may be obtained free of charge at the counters of KBC Bank NV or by telephoning KBC Bank NV on +32 78 152 153 (KBC Live). The prospectus with acceptance form is also available on the following websites: www.saverextakeoverbid.com and www.kbc.be/exmar. An English and a French translation of the summary of the prospectus are made available in electronic form on the above-mentioned websites.

About EXMAR
EXMAR is a Belgian provider of floating solutions for the operation, transportation and transformation of gas and has a fleet of more than 40 gas carriers and floating gas terminals. EXMAR creates economically viable and sustainable energy value chain solutions in long-term alliances with first class business partners. Being one of the world's largest independent transporters of ammonia and building upon the experience and knowledge gained from more than four decades of gas shipping. More information can be found at www.exmar.com.

About Saverex
Saverex is the holding company of the family of Nicolas Saverys, which is active in the international shipping industry. The main activity and the main asset of Saverex is its shareholding in EXMAR.

EXMAR NV press release