Befesa S.A.: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Notification of Major Holdings

1. Details of issuer

Name:	Befesa S.A.
Street:	68-70, Boulevard de la Pétrusse
Postal code:	2320
City:	Luxembourg Luxemburg
Legal Entity Identifier (LEI):	222100VXGA8L6J4ZWG61

2. Reason for notification

X	Acquisition/disposal of shares with voting rights
	Acquisition/disposal of instruments
	Change of breakdown of voting rights
	Other reason:

3. Details of person subject to the notification obligation

Legal entity: CORPORACION FINANCIERA ALBA, S.A. City of registered office, country: Madrid, Spain

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.

ALBA EUROPE, S.á.r.l.

5. Date on which threshold was crossed or reached:

10 Nov 2026

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	Below 5% %	Below 5% %	Below 5% %	39,999,998
Previous notification	9.93 %	%	9.93 %	/

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)
N/A			%	%
Total			%

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights in %
N/A				%
		Total		%

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights in %
N/A					%
			Total		%

8. Information in relation to the person subject to the notification obligation

	Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or more)
CORPORACION FINANCIERA ALBA, S.A.	4.99 %	0.00 %	4.99 %
ALBA EUROPE, S.á.r.l.	4.99 %	0.00 %	4.99 %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:

Proportion of voting rights	Proportion of instruments	Total of both
%	%	%

10. Other explanatory remarks:

Alba Europe S.à.r.l. acquired and is directly holding the shares to which voting rights are attached in Befesa S.A. Alba Europe S.à.r.l. is wholly owned by Corporación Financiera Alba, S.A., a Spanish entity in which no natural person or legal entity exercises control. The principal shareholders are: - Mr. Juan March Delgado, who holds 31.51% of the share capital and voting rights* - Mr. Carlos March Delgado, who holds 27.24% of the share capital and voting rights* * (includes direct and indirect shareholdings).

Date

11 Nov 2026