• The successful start of the process and the strong interest shown by strategic, financial and institutional investors supports the Company’s timetable for the IPO 
• AMEA Power and Corporación Cunext are strategic investors that have signed binding commitments
• Existing shareholders, Alberto Zardoya and Enrique Riquelme, have as well signed binding commitments, confirming their support to the primary capital offering.
• Attijariwafa Bank and other financial investors have as well confirmed their participation in the offering.

Madrid, Spain, 14th October 2024 – Cox, utility of water and energy, announces today that, following confirmation last week of its intention to proceed with an initial public offering of its ordinary shares to qualified investors, it has received binding commitments from cornerstone investors, representing approximately 30% of the total offer, including the following:

• AMEA Power
• Corporación Cunext
• Alberto Zardoya
• Enrique Riquelme

Additionally, Attijariwafa Bank and other financial investors have confirmed their participation in the offering.

All of the above is subject to the approval of the prospectus by CNMV and in the case of Attijariwafa Bank, compliance with applicable internal regulations and approval processes, as well as domestic law.

AMEA Power is one of the fastest growing renewable energy companies in the Middle East, Africa and Asia region with a clean energy pipeline of over 6GW across 20 countries 1 , strong track record and excellent positioning in the region.

Attijariwafa Bank is the first financial group of Morocco. It is part of the Al Mada Group, one of the largest private equity funds in Africa, which invests in structuring business sectors that require a high level of capital intensity, such as banking & insurance, retail, mining & construction materiales, energy & telecommunications, real estate & tourism, and others.

Corporación Cunext is one of the most relevant Spanish industrial groups and a leading supplier of processed copper and aluminium products in Southern Europe and North West Africa.

Alberto Zardoya is a renowned Spanish businessman and a shareholder of Cox since its beginnings.

Enrique Riquelme is the founder of Cox and main shareholder of the company. Through the investment, he confirms his confidence and commitment to the business in the long term, as well as his maximum commitment to the company’s growth plan.

The Offering will consist of a primary offering of newly issued Shares by the Company, targeting an equity raise of approximately up to €270 million (excluding over-allotment option). The Offering will be made to qualified investors, including a placement in the United States to qualified institutional buyers under Rule 144A.

Further details of the proposed Offering will be included in the Prospectus to be approved by, and registered with, the Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores, the “CNMV”) in connection with the Offering and the Admission, and which will supersede this announcement in its entirety. The Prospectus approval process is ongoing and will include full details on the Offering and its expected timetable. Once approved, the Prospectus will be published and made available at the Company’s website (www.grupocox.com), in subsection IPO, and at the CNMV’s website (www.cnmv.es).

Any acquisition of Shares in the Company should be made solely on the basis of the Prospectus approved by, and registered with, the CNMV. The approval of the Prospectus by the CNMV does not constitute an evaluation of the merits of the Offering.