Sika Germany

Ad hoc announcement pursuant to Art. 53 LR

All the Board of Directors's proposals were approved by the shareholders at the 55th Annual General Meeting of Sika AG on March 28, 2023

Ad hoc announcement pursuant to Art. 53 LR

The British Competition and Markets Authority (CMA) has provided Sika with provisional negative feedback regarding INEOS Enterprises as a prospective buyer for the divestment of MBCC Group’s chemical admixtures assets in England, the USA, Canada, Europe, Australia, and New Zealand (“Disposal Perimeter”), due to competition concerns. The disposal is part of the required remedy process for the approval of Sika's acquisition of MBCC Group. The parties therefore agreed to terminate the contract, while Sika has agreed to sell the Disposal Perimeter to international private equity firm, Cinven. The CMA has already approved Cinven as a suitable buyer of the Disposal Perimeter. Financial and transaction parameters remain largely unchanged. This also applies to the timing for the closing of the divestment as well as the MBCC acquisition, which are expected to take place in the first half of 2023.

Sika today successfully placed a bond with a total amount of CHF 650 million through a triple tranche. The payment date of the bonds is April 13, 2023. The bonds were placed under the lead management of UBS with Zürcher Kantonalbank as co-lead. They will be listed on the SIX Swiss Exchange.