Cox / Cox expects to set the price of its shares today with a new ...

Cox expects to set the price of its shares today with a new offer size of €175 million, ahead of planned listing on 14 November

The Company will set the price within the announced range.
A supplement to the Prospectus has been approved by the CNMV and published today setting a new offer size of €175 million.

Madrid, Spain, 12th November 2024 – Cox ABG Group, S.A (the “Company” or “Cox” and, collectively with itssubsidiaries, the “Group”), a vertically and horizontally integrated utility of water and energy, is expected to announce today the pricing of its Initial Public Offering (the “IPO” or the “Offering”) within the announced range of between 10.23 and 11.38 euros per share, aiming to ensure a balanced book . Asupplement to the Prospectus has been approved by the CNMV and published today, setting a new offer size of €175 million. Including the Over-Allotment Option of up to €17.5 million euros (10% of the new offer size), the total volume of the offering could amount to €192.5 million euros.

As previously announced, the Company has received binding cornerstone investor commitments from institutional investors, both national and international, who have valued, among other things, its good positioning in a sector with strong potential such as water, as well as the support of current shareholders. The binding cornerstone commitments are for the following amounts:

• Amea Power LLC: €30 million
• Corporación Cunext Industries, S.L.: €20 million
• Enrique Riquelme: €15 million
• Alberto Zardoya: between €5 and €10 million, at the discretion of Alberto Zardoya

Additionally, Cox continues to have support from Attijariwafa Bank for up to €5 million, subject to compliance
with applicable internal regulations and approval processes, as well as local domestic law.

The conservative approach of the Company to the offer size aims to achieve a successful allocation and allow
Cox to focus on its aftermarket performance, given the current challenging market.

The process is progressing accordingly and the Company is expected to deliver pricing imminently. The admission to listing and trading of the Shares on the Spanish Stock Exchanges is scheduled for Thursday 14th November.