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MKAO Rasperia Trading Limited, with its 24.1% stake in STRABAG SE, reportedly transferred to Iliadis JSC

27 March 2024

Acquisition of MKAO Rasperia Trading Limited by Iliadis JSC completed according to major holdings notifications
Sanctions review required
Further acquisition by Raiffeisen Bank International AG as announced still open

STRABAG SE yesterday evening received major holdings notifications from Oleg Deripaska and Iliadis JSC indicating that MKAO Rasperia Trading Limited has been transferred to Iliadis JSC, thus completing the sale in Russia that had been announced in December 2023.

According to the notifications, MKAO Rasperia Trading Limited, with its 24.1% stake in STRABAG SE, is now controlled by Iliadis JSC, with Oleg Deripaska relinquishing his previous (indirect) control.

The company has no further information regarding the transaction that has now been completed as announced in the major holdings notifications. It is therefore currently not possible to carry out a sanctions review, so that the company continues to assume that the STRABAG shares held by MKAO Rasperia Trading Limited remain frozen in accordance with the EU Sanctions Regulation.

The company is currently unable to assess whether the notified completion of the transaction in Russia will have any impact on the intended acquisition of these STRABAG SE shares by Raiffeisen Bank International AG, of which the company was also notified in December 2023. In any case, the company has not received any notification from Raiffeisen Bank International AG regarding the execution of this transaction.

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Marianne Jakl
Head of Corporate Communications, Spokeswoman

+43 1 22422 1174

pr@strabag.com

Marco Reiter
Head of Investor Relations

+43 1 22422 1089

marco.reiter@strabag.com

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our activities span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by taking an end-to-end view of construction over the entire life cycle – from planning and design to construction, operation and facility management to redevelopment or demolition. In all of our work, we accept responsibility for people and the environment: We are shaping the future of construction and are making significant investments in our portfolio of more than 250 innovation and 400 sustainability projects. Through the hard work and dedication of our approximately 86,000 employees, we generate an annual output volume of around € 19 billion.
Our dense network of subsidiaries in various European countries and on other continents extends our area of operation far beyond the borders of Austria and Germany. Working together with strong partners, we are pursuing a clear goal: to design, build and operate construction projects in a way that protects the climate and conserves resources. More information is available at www.strabag.com.