Second Execution Agenda

16 January 2026: Publication of the number of free allocation rights required to receive a share and the final price of the Purchase Commitment.

20 January 2026: Publication of the notice of the Second Execution in the Official Commercial Registry Gazette. Last day on which ACS shares are traded with the right to participate in the Second Execution ( last trading day ).

21 January 2026: Commencement of the trading period for the bonus issue rights and of the term for requesting remuneration in cash (sale of rights to ACS) under the Purchase Commitment. Date from which ACS shares are traded without the right to participate in the Second Execution ( ex-date ).

22 January 2026: Date on which Iberclear determines the positions for allocating the bonus issue rights (record date).

28 January 2026: End of the term for requesting remuneration in cash (sale of rights to ACS) under the Purchase Commitment.

3 February 2026: End of the trading period for the bonus issue rights. Acquisition by ACS of the bonus issue rights from the shareholders who have chosen to receive cash under the Purchase Commitment.

4 February 2026: Confirmation by ACS of the final number of free allocation rights held at the end of the trading period and previously waived. End of the Second Execution.

5 February 2026: Cash payment to shareholders who requested remuneration in cash under the Purchase Commitment.

5 – 12 February 2026: Formalities for the registration of the Second Execution and the admission to trading of the new shares on the Spanish Stock Exchanges[1].

13 February 2026: Date scheduled for the new shares to begin trading on the Spanish Stock Exchanges [2].



[1]    Subject to the registration deadlines of the Commercial Registry.
[2]    Subject to the specific verification and admission agreements.