Solvay proposes to buy back up to €375 million of bonds and plans a €500 million issue

An offer open until 16 November, with settlement scheduled for 19 November

The offer is addressed to eligible holders until 5:00 p.m. CET on 16 November 2026, under the terms of the tender offer memorandum dated 9 November 2026. This document is made available to eligible holders by Kroll Issuer Services Limited, the offer agent.

The purchase price will be determined at the time of pricing, by reference to a fixed spread over the interpolated mid-swap rate. Results are expected to be announced on 17 November 2026, and settlement is expected to take place on 19 November 2026.

New debt exceeding the buyback cap

The new bonds under consideration would be senior unsecured notes, fixed-rate and denominated in euros. According to the announcement, the offer and this issue aim to "proactively manage the capital structure and debt profile" of the group.

The planned amount of the new issue exceeds the cap set for the buyback. Holders who tender their notes may, at Solvay's sole discretion, be given priority in the allocation of the new bonds.

The new bonds are not intended for retail investors in the European Economic Area or the United Kingdom: their target market is limited to eligible counterparties and professional clients, with a minimum denomination of €100,000.

A buyback conditional on completion of the issue

The purchase of validly tendered notes is subject, among other conditions, to the completion of the new bond issue, as determined at Solvay's sole discretion. This issue is itself subject to market conditions.

BNP Paribas and BofA Securities Europe SA are conducting the transaction as Dealer Managers, exclusively on behalf of the issuer.