Transparency notification

19 November 2025

Transparency notification from UBS Group AG

Antwerp (Belgium), 19 November 2025 – 17:48 CET – In accordance with Article 14 of the Belgian Transparency law of 2 May 2007, Azelis Group NV announces that on 18 November 2025, it has received a transparency notification from UBS Group AG.

1. Summary of the notification

On 12 November 2025, UBS Group AG (taking into account the holding of all its affiliates) owned 993,365 shares with voting rights, representing 0.41% of the total number of shares issued by the company (243,921,719), as well as 10,718,325 equivalent financial instruments, representing 4.39% of the voting rights issued by the company.

2. Content of the notification

Reason for the notification

Acquisition or disposal of voting securities or voting rights

Notification by

A parent undertaking or a controlling person

Persons subject to the notification requirement

Name	Address (for legal entities)
UBS Group AG	Bahnhofstrasse 45, 8001 Zürich

Date on which the threshold is crossed

12 November 2025

Threshold that is crossed (in %)

Denominator

243,921,719

Notified Details

A) Voting rights	Previous notification	After the transaction
	# of voting rights	# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
UBS Group AG		0	0	0.00%	0.00%
UBS AG		59,806	0	0.02%	0.00%
UBS Europe SE		18,286	0	0.01%	0.00%
UBS Switzerland AG		655,289	0	0.27%	0.00%
UBS Asset Management (Europe) S.A.		80,518	0	0.03%	0.00%
UBS Asset Management Life Limited		8,128	0	0.00%	0.00%
UBS Fund Management (Ireland) Ltd.		72	0	0.00%	0.00%
UBS Fund Management (Switzerland) AG		171,266	0	0.07%	0.00%
Subtotal		993,365		0.41%
	TOTAL	993,365	0	0.41%	0.00%

B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
UBS AG	Long Call Option	17/12/2027		177,000	0.07%	physical
UBS AG	Short Put Option	19/12/2025		500,000	0.20%	physical
UBS AG	Equity Swaps	28/03/2028		1,938	0.00%	cash
UBS AG	Right to Recall of Lent shares		At any time	257,118	0.11%	physical
UBS AG	Right to Substitute shares delivered as collaterals		At any time	154,759	0.06%	physical
UBS Switzerland AG	Right to Recall of Lent shares		At any time	64,793	0.03%	physical
UBS Switzerland AG	Right to Substitute shares delivered as collaterals		At any time	155,218	0.06%	physical
UBS Switzerland AG	Right of use over shares		At any time	7,446,832	3.05%	physical
UBS AG	Right of use over shares		At any time	1,224,167	0.50%	physical
UBS Securities LLC	Right of use over shares		At any time	675,000	0.28%	physical
UBS AG	Long Call Option	17/03/2028		61,500	0.03%	physical
	TOTAL			10,718,325	4.39%

TOTAL (A & B)			# of voting rights	% of voting rights
		CALCULATE	11,711,690	4.80%

Chain of controlled undertakings through which the holding is effectively held, if applicable

Please see full chain of control attached.

Additional information

The disclosure obligation arose due to the total indirect holdings of UBS Group AG in voting rights of Azelis Group NV, held directly by controlled undertakings, going above 3% on 12th November 2025.

3. Further information

The full transparency notification as well as this press release can be consulted on the Azelis Group NV’s website.

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