The CNMV authorizes the delisting offer for Ercros submitted by Bondalti

AUTHORISATION OF THE DELISTING TENDER OFFER FOR ERCROS, S.A. SUBMITTED BY BONDALTI IBERICA, S.L.U.

On 22 July 2026, the Board of the Spanish National Securities Market Commission (CNMV) adopted the following resolution:

"To authorise the delisting tender offer for Ercros, S.A. submitted by Bondalti Iberica, S.L.U. on 1 July 2026, having determined that its terms comply with the applicable regulations and that the explanatory prospectus, as amended most recently on 17 July 2026, contains sufficient information.

The offer is addressed to 100% of the share capital of Ercros, S.A., comprising 91,436,199 shares admitted to trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges and included in the Spanish Stock Market Interconnection System (SIBE), excluding the 70,615,637 Ercros shares, representing 77.23% of its share capital, which have been irrevocably committed by the offeror. Accordingly, the offer effectively extends to the acquisition of 20,820,562 Ercros, S.A. shares, representing 22.77% of its share capital.

The offer price is EUR 3.505 per share and has been determined by Ercros, S.A. in accordance with Article 65 of Law 6/2023 of 17 March on Securities Markets and Investment Services, and Article 10 of Royal Decree 1066/2007 of 27 July on the rules governing public takeover bids.

Pursuant to paragraph 7 of Article 10 of the aforementioned Royal Decree, the shares will be delisted once settlement of the transaction has taken place. Should the circumstances set out in Article 116 of the aforementioned Law concerning squeeze-out and sell-out rights arise, the shares will be delisted once settlement of the last possible compulsory purchase or sale transaction has taken place, or once the period for exercising such rights has expired, in accordance with the aforementioned article and the applicable regulations."