United Basalt Products : Communique

Trianon

Quatre Bornes

COMMUNIQUÉ

Further to the Cautionary Announcement dated 06 April 2022 and the Communiqués dated 23 June 2022 and 15 May 2024, the Board of Directors of The United Basalt Products Limited ("UBP" or the "Company") is pleased to announce that the shareholders of the Company have, at a special meeting held on 12 June 2024, approved the acquisition of an effective stake of 90% in SAS J. Anzemberg and its subsidiaries, SARL Anzemberg Logistique Distribution, SAS Préfabéton and its subsidiary, SAS Société Réunionnaise de Concassage, SAS Sita Gérard Matériaux and its subsidiary, and SAS Incudine, by Bazalt Limited, a wholly-owned subsidiary of UBP for an estimated cash consideration of EUR73.8million (the "Acquisition").

The expected completion date of the Acquisition is 01 July 2024. The shareholders and the investing public are advised to exercise caution when dealing in the shares of the Company and will be kept informed of further developments in respect of this matter.

The Board of Directors would like to thank the shareholders of the Company for their continued support and trust in the Company. PricewaterhouseCoopers Ltd acted as Transaction Advisor to UBP.

By order of the Board

Christophe Quevauvilliers

Company Secretary

12 June 2024

BRN: C07000862

This Communiqué is issued pursuant to Listing Rules 11.3 and 13.15(b). The Board of Directors of The United Basalt Products Limited accepts full responsibility for the accuracy of the information contained in this Communiqué.