Azkoyen Formulates Partial Segregation Of Company

Azkoyen SA AZK:

• BOARD FORMULATED A PARTIAL SEGREGATION THAT WILL INVOLVE SEGREGATION OF PART OF AZKOYEN'S ASSETS

• VPS DIVISION SUBJECT TO SEGREGATION CONSTITUTES AUTONOMOUS ECONOMIC UNIT

• SEGREGATION OF ASSETS DEDICATED TO VPS ACTIVITY AND THEIR TRANSFER IN FAVOR OF A NEWLY CREATED COMPANY

• AZKOYEN TO RECEIVE IN EXCHANGE ALL SHARES REPRESENTING CAPITAL OF BENEFICIARY COMPANY

• SPIN-OFF WILL BE SUBJECT TO APPROVAL AT AN EXTRAORDINARY GENERAL MEETING OF AZKOYEN SHAREHOLDERS TO BE HELD IN OCTOBER 2025

• WILL FOCUS SOLELY ON PROVIDING CORPORATE MANAGEMENT AND SUPPORT SERVICES TO TWO DIVISIONS THAT MAKE UP ITS GROUP