doubt, including by mail or in electronic form in accordance with the Shareholders Rights Law). A ballot paper must contain all of the following:

- name and address of the registered office and/or residence of the relevant shareholder;

- total number of Shares held by the relevant shareholder and, if applicable, total number of Shares of each class held by the relevant shareholder in the issued share capital of the Company and the form of Shares;

- agenda of the General Meeting;

- confirmation with respect to each of the proposed resolutions, of the number of Shares for which the relevant shareholder is abstaining, voting in favour of or voting against such proposed resolution; and

- name, title and signature of the duly authorised representative of the relevant shareholder and the date of the ballot paper. A ballot paper must be received by the Company no later than the fifth (5th) Luxembourg business day prior to the date of the General Meeting or any other later date established by the Board of Directors as will be specified in the convening notice for the relevant General Meeting. A ballot paper which does not contain the details specified in the preceding paragraph or which is received by the Company after the aforementioned deadline shall be void and disregarded for quorum purposes. A ballot paper shall be deemed to have been received by the Company: (a) when delivered by hand with acknowledgment of receipt, by registered post or by special courier service using an internationally recognised courier company: at the time of delivery to the Company; or (b) when sent by email, by fax or by mail with acknowledgement of receipt at the time of receipt indicated in the acknowledgement of receipt. Resolutions the adoption of which is not subject to the quorum and the majority requirements for an amendment of the Articles of Association, shall be adopted, irrespective of the number of Shares represented, by a simple majority of votes cast. For resolutions the adoption of which is subject to the quorum and majority requirements for an amendment of the Articles of Association, the quorum shall be at least one half (1/2) of all the Shares issued and outstanding and the resolutions shall be adopted by a two thirds (2/3rds) majority of the votes cast. If the said quorum is not reached at a first meeting, a second meeting may be convened and resolutions shall be adopted, irrespective of the number of Shares represented, by a two thirds (2/3rds) majority of the votes cast." B. Availability of the documentation, attendance and voting procedure 1. Available information and documentation The following information is available until the ending of the EGM on the Company's homepage (http://www.befesa.com/web /en/informacion_inversores/annual-general-meeting/index.html) and at the Company's registered office in Luxembourg starting on the day of publication of this convening notice in the Luxembourg official gazette (Recueil Electronique des Sociétés et Associations) and in the Luxembourg newspaper Tageblatt:

- this convening notice for the EGM 2021;

- the total number of shares and voting rights at the date of this convening notice;

- the report of the Board of Directors in accordance with article 420-26 (5) of the Luxembourg Law of 10 August 1915 on commercial companies as amended;

- the draft and the mark-up of the consolidated Articles of Association of the Company;

- the full text of the draft resolutions in relation to each of the items included in the agenda to be adopted at the EGM;

- the Declaration of Participation and the Attestation of Share Ownership; and

- the Proxy Form and Postal Voting Form to be used to vote by proxy or to vote by post, respectively. Shareholders may obtain without charge a copy of the full text of any of the above documents upon request to BNP Paribas Securities Services, Luxembourg Branch in its capacity as duly mandated agent of the Company ("BNP Paribas") by sending a mail, fax or e-mail at the addresses detailed in section B. 5 of this convening notice. 2. Quorum and majority requirements The EGM will be validly held with quorum of at least one half (1/2) of all the shares issued and outstanding and the resolutions shall be adopted by a two thirds (2/3rds) majority of the votes cast. If the said quorum is not reached at a first meeting, a second meeting may be convened and resolutions shall be adopted, irrespective of the number of shares represented, by a two thirds (2/3rds) majority of the votes cast. 3. Requirements for participating in the EGM and exercising voting rights 3.1. No physical meeting Given the exceptional circumstances due to the COVID-19 epidemic and in accordance with the provisions of the law of 23 September 2020 on measures concerning the holding of meetings in companies and other legal entities, as amended by the law of 30 June 2020, the Company decided to hold the EGM without any physical meeting. No audio conference will be organised for the EGM. Shareholders will be able to express their votes by means of the representation through proxy named by the Company or voting by post. 3.2. Record date The rights of a shareholder to participate in the EGM and to vote shall be determined with respect to the shares held by that shareholder on 21 September 2021 at midnight (24:00 CEST) (the "Record Date"). Any changes in share ownership after the Record Date will not be taken into account. 3.3. Registration procedure for voting and evidence of share ownership Shareholders who wish to participate in the EGM and to vote in respect of the shares held by them on the Record Date shall submit: (i) the Declaration of Participation at the latest on 21 September 2021 (24:00 CEST); and (ii) the Attestation of Share Ownership at the latest on 30 September 2021 (17:00 CEST). The right of the shareholder to participate and vote in the EGM will only be completed when providing both documents before the deadlines established herein. (i) Declaration of Participation: The shareholders who wish to participate and exercise their voting rights at the EGM shall on or before the Record Date submit to BNP Paribas to the addresses detailed in section B. 5 of this convening notice a written declaration of their intention to participate at the EGM (the "Declaration of Participation"). The form of Declaration of Participation can be requested from BNP Paribas and downloaded from the Company's website: http://www.befesa.com/web/en/informacion_inversores/annual-general-meeting/index.html. Please note that to be valid, the Declaration of Participation (in copy or in original) must be received by BNP Paribas by fax, e-mail or mail, at the addresses detailed in section B. 5 of this convening notice at the latest on 21 September 2021 at 24:00 CEST (with a copy to the Company at the following email address: AGM@befesa.com). (ii) Attestation of Share Ownership: The shareholders who intend to participate and exercise their voting rights at the EGM are also obliged to submit an attestation from their depository bank or financial institution stating the number of shares held by that shareholder on the Record Date (the "Attestation of Share Ownership"). The form of Attestation of Share Ownership can be requested from BNP Paribas and downloaded from the Company's website: http://www.befesa.com/web/en/informacion_inversores/annual-general-meeting/index.html. The Attestation of Share Ownership (in copy or in original) must be received by BNP Paribas by fax, e-mail or mail, at the addresses detailed in section B. 5 of this convening notice, at the latest on 30 September 2021 at 17:00 CEST (with a copy to the Company at the following email address: AGM@befesa.com). 3.4. Proxy voting representative The Company has named Mr. Javier Molina Montes, Chief Executive Officer of the Company, whom failing, Mr. Wolf Lehmann, Chief Financial Officer of the Company as proxy voting representative of the Company. Shareholders may appoint the proxy voting representative to vote at the EGM on their behalf. The proxy voting representative will be bound by the respective instructions of the shareholder provided by the Proxy Form prior to the EGM. The form of Proxy Form that can be used to grant a proxy can be requested from BNP Paribas and downloaded from the Company's website: http://www.befesa.com/web/en/informacion_inversores/annual-general-meeting/index.html. To be valid, the Proxy Form (in copy or in original) must be received by BNP Paribas by fax, e-mail or mail, at the addresses detailed in section B. 5 of this convening notice, on 30 September 2021, 17:00 CEST, at the latest (with a copy to the Company at the following email address: AGM@befesa.com). Exercise of voting rights of shares in connection with duly filled and signed Proxy Forms received after 30 September 2021, 17:00 CEST will not be admitted at the EGM. 3.5. Postal voting Shareholders who wish to vote by post may exercise their voting rights by casting their votes by post by way of the Postal Voting Form. Shareholders who wish to vote by post must request the form of Postal Voting Form from BNP Paribas or, alternatively, download the form from the Company's website at http://www.befesa.com/web/en/informacion_inversores/annual-general-meeting/index.html, and send the duly completed and signed Postal Voting Form to BNP Paribas. To be valid, the Postal Voting Form (in copy or in original) must be received by BNP Paribas by fax, e-mail or mail at the addresses detailed in section B. 5 of this convening notice prior to 4 October 2021, 17:00 CEST (with a copy to the Company at the following email address: AGM@befesa.com). Exercise of voting rights of shares in connection with duly filled and signed Postal Voting Forms received after 4 October 2021, 17:00 CEST will not be admitted at the EGM. 4. Additional important

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