Bekaert : Eriikka Söderström appointed Chair of the Audit, Risk and Finance Committee of Bekaert 28 Jul 2022

Press release

28 July 2022 •08.00 am CET

Eriikka Söderström appointed Chair of the Audit, Risk and Finance Committee of Bekaert

The Board of Directors of Bekaert is pleased to announce the appointment of Ms Eriikka Söderström as Chairman of the Audit, Risk and Finance Committee.

Ms Eriikka Söderström, Finnish national, is an independent Director on the Board of Bekaert and has been a member of the Audit, Risk and Finance Committee since May 2020.

Ms Söderström's competence in accounting and auditing is demonstrated by her former positions as Chief Financial Officer of F-Secure Corporation, Kone Corporation, and Vacon Plc, all stock-listed on Nasdaq Helsinki. Additionally, she holds audit committee chair experience from mandates at Valmet, Kempower, and previously at Comptel. Eriikka Söderström holds a Master's degree in Science (Economics) from the University of Vaasa, Finland.

The Audit, Risk and Finance Committee (ARFC) of Bekaert is composed in accordance with Article 7:99 of the Belgian Code on Companies and Associations and provision 4.3 of the Belgian Corporate Governance Code 2020: all its four members are non-executive Directors and two of its members, Ms Eriikka Söderström and Mr Jürgen Tinggren, are independent.

The composition of the ARFC changed on 11 May 2022, when two Board members retired: Mr Hubert Jacobs van Merlen, who was Chairman of the ARFC until that date, and Mr Charles de Liedekerke, who was a member of the ARFC until that date. The members of the ARFC have elected the new Chair during their meeting of 27 July 2022.

The Audit, Risk and Finance Committee of Bekaert is currently composed as follows:

Name	First appointed	Expiry of current Board term
Eriikka Söderström	2020	2025
ARFC Chair
Member of the Board of Directors
Independent Director
Jürgen Tinggren	2019	2023
Chairman of the Board of Directors
Independent Director
Henri Jean Velge	2016	2024
Member of the Board of Directors
Gregory Dalle	2015	2023
Member of the Board of Directors

Press & Investor Relations •Katelijn Bohez •T [phone] •bekaert.com

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Press release

Company profile

Bekaert (bekaert.com) is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with more than 27 000 employees worldwide, headquarters in Belgium and € 5.9 billion in combined revenue in 2021.

Disclaimer

This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Bekaert.

Press & Investor Relations

Katelijn Bohez

Phone: [phone] - E-mail:[e-mail]

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