BRIEF

on WAREHOUSE ESTATES BELGIUM S.A. (EBR:WEB)

Subcontracting agreement between WEB SA and W.TEAM

Stock price chart of WAREHOUSE ESTATES BELGIUM S.A. (EBR:WEB) showing fluctuations.

Warehouses Estates Belgium SA (WEB SA) has entered into an agreement with SA W.TEAM, a related company, for the maintenance and upkeep of the common areas of its buildings. The contract, for a period of two years, amounts to €569,250 excluding VAT annually, with possible indexation. This collaboration allows WEB SA to make savings compared to directly hiring staff for these tasks.

The Board of Directors has deemed W.TEAM's offer favourable after a comparative analysis of the different proposals. This decision is part of WEB SA's normal management strategy and will be included in its 2024 annual financial report.

R. E.

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