Belgrano Advances with Share Buyback Initiative

Belgrano is progressing with its public share buyback offer (OPRA), approved by its Extraordinary General Meeting of Shareholders on October 20, 2026. The plan, aiming for completion in the first quarter of 2027, will reduce the company's share capital. The OPRA allows Belgrano to repurchase up to 2,589,285 shares, representing 10.38% of its share capital at a maximum price of 14 euros per share, pending an independent appraisal.

Essential approvals from banking and financial partners have been secured. The completion of the OPRA now depends primarily on the results of an independent expert's report and the French financial market authority's (AMF) clearance. This initiative is being closely overseen by Belgrano's ad hoc committee and independent experts.

Shareholders can address inquiries to the appointed independent experts. The expert's report and the Board's opinion will soon be available as part of an official information document filed with the AMF.