Kohler Co., Inc., Almeida Family and Minority Shareholders proposed to acquire an remaining 61.35% stake in Internacional de Cerámica, S.A.B. de C.V. (BMV:CERAMIC B) for MXN 8.65 billion on December 22, 2023. A cash consideration valued at MXN 100 per share. Prior to the consummation of the Offer, the Almeida-Kohler Group owns a total of 54,518,686 shares, representing 38.65% stake. The Offer Period will begin on May 22, 2024 and will conclude on June 18, 2024. Intermediary had received valid Acceptance Letters (without them having been withdrawn) with respect to at least 79,502,103 Shares, which represent 56.35% of the total outstanding Shares of Interceramic. Subject to the terms and conditions mentioned in the Prospectus and in accordance with the applicable legal provisions, Lupo Corporation offers to acquire from the shareholders of Interceramic who are not part of the Almeida-Kohler Group up to 86,555,829 (eighty-six million five hundred and fifty-fifty five thousand eight hundred and twenty-nine) Shares, representing 61.35% (sixty-one point thirty-five percent) of the outstanding share capital of Interceramic to date, at a price of one hundred Pesos 00/100 per Share ($100), payable in cash.

In accordance with the Instruction that each Interceramic shareholder who decides to participate in the Offer gives to its Custodian, and the consummation of the Offer and the acquisition of the Shares by the Offeror is subject to compliance with, among others, the following conditions: that the Intermediary had received valid Acceptance Letters (without them having been withdrawn) with respect to at least 79,502,103 (seventy-nine million five hundred two thousand one hundred three) Shares, which represent 56.35% (fifty-six point thirty-five per cent) of the total outstanding Shares of Interceramic. The foregoing, with the understanding that the Offeror, at its sole discretion, may waive compliance with the 95% Condition and go ahead with the consummation of the Offer despite not having acquired the indicated number of Shares, have complied with and satisfied the Lupo Credit Drawdown Conditions, that no Government Entity has issued any order or resolution that prohibits, limit or restrict the consummation of the Offer; and no Significant Adverse Effect has occurred, at the discretion of the Offeror. On December 22, 2023, through unanimous resolutions adopted outside the meeting by all of the Offeror's shareholders, Lupo Corporation approved, among others, the completion of the Offer. The Offer Period will begin on May 22, 2024 and will conclude at 1:00 p.m. (Mexico City time) on June 18, 2024, being 20 (twenty) Business Days from (And including) the Offer Date. Start of the Offer, with the understanding that the Offer Period may be extended. The sixth Business Day after the Expiration Date, that is, June 26, 2024, unless the Offer Period is extended in which case the ?Settlement Date? will be the one indicated as such in the notice and /or corresponding brochure.

Caria Capital, S. de RL de CV acted as financial advisor to Offeror.