Ackermans & van Haaren : finalizes the sale of Manuchar

ACKERMANS & VAN HAAREN FINALIZES THE SALE OF MANUCHAR

PRESS RELEASE

ANTWERP

JUNE 30, 2022, 17.40

Regulated information within the meaning of the Royal Decree of November 14, 2007.

Antwerp, June 30, 2022

Ackermans & van Haaren finalizes the sale of Manuchar

Today, Ackermans & van Haaren finalised the sale of its participation (30%) in Manuchar to an affiliate of Lone Star Funds. The transaction was announced on January 14, 2022.

This transaction yields a cash proceed of 159 million euros for AvH and a capital gain of 97 million euros.

Manuchar is a leading distributor of chemicals in emerging markets, headquartered in Antwerp. It complements its Chemicals Distribution business with International Trade Services in steel, polymers and other raw materials. The group handles over 5 million metric tonnes of goods per year, generating c.2.5 billion USD in annual sales with local operations in over 35 countries and 125 locations.

AvH Growth Capital entered Manuchar's share capital in 2007 and held a 30% participation alongside the Maas family and management. The partnership between AvH, the Maas family and management has enabled Manuchar to accelerate its expansion across geographies and end-markets through targeted investments in organisational capabilities, local teams and distribution assets.

Lone Star, founded by John Grayken, is a leading private equity firm advising funds that invest globally in equity, real estate, credit and other financial assets. Since the establishment of its first Fund in 1995, Lone Star has organized 22 private equity Funds with aggregate capital commitments totaling more than 85 billion USD.

Ackermans & van Haaren positions itself as the long-term partner of choice of family businesses and management teams to help build high- performing market leaders and contribute to a more sustainable world.

Ackermans & van Haaren is a diversified group operating in 4 core sectors: Marine Engineering & Contracting (DEME, one of the largest dredging companies in the world - CFE, a construction group with headquarters in Belgium), Private Banking (Delen Private Bank, one of the largest independent private asset managers in Belgium, and asset manager JM Finn in the UK - Bank Van Breda, niche bank for entrepreneurs and the liberal professions in Belgium), Real Estate & Senior Care (Nextensa, a listed integrated real estate group) and Energy & Resources (SIPEF, an agro-industrial group in tropical agriculture).

At an economic level, the AvH group represented in 2021 a turnover of

6.0 billion euros and employed 22,563 people through its share in the participations. AvH is listed on Euronext Brussels and is included in the BEL20 index and the European DJ Stoxx 600 index.

Website

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Financial calendar

August 31, 2022	Half-year results	2022
November 23, 2022	Interim statement Q3	2022

Contact

For further information	John-Eric Bertrand	Piet Dejonghe	Tom Bamelis
please contact:	co-CEO	co-CEO	CFO
e-mail: [e-mail]	Tel. [phone]	Tel. [phone]	Tel. [phone]

Ackermans & van Haaren NV - Begijnenvest 113 - 2000 Antwerp - Tel. [phone] - [e-mail] - www.avh.be