Early redemption of the 0.15% convertible bonds 2018 - 2025

Sika has announced the exercise of its option to redeem the 0.15% Convertible Bonds 2018 – 2025 (“Bonds”) on September 25, 2023 at par plus interest accrued to such date.

The early redemption occurs in accordance with condition 5.b) ii) of the Terms of the Bonds whereby the Bonds may be redeemed if the VWAP of a registered share of Sika AG on SIX Swiss Exchange AG on each of at least 20 out of 30 consecutive trading days has been at least 130% of the conversion price in effect on each of such trading day.

Notices to convert the Bonds may be deposited with the paying and conversion agent until September 15, 2023, 4:00 p.m. CEST, whereby deposit banks may set an earlier deadline to bondholders to instruct the conversion. Bondholders should therefore reach out to their bank or broker. As of the date hereof 60,295 Bonds remain outstanding out of a total of 82,500 initially issued. Each Bond of nominal value of CHF 20,000 may be converted into 106.70650 registered shares of Sika AG with nominal value of CHF 0.01. Fractions of shares will be paid out in cash in accordance with the Terms of the Bonds. The registered shares delivered upon conversion of the Bonds will be fungible with the outstanding registered shares. Bonds which have not been converted will be redeemed at par. The last trading day on SIX Swiss Exchange of the not converted Bonds will be September 21, 2023. Assuming that all bondholders exercise their conversion right, a maximum of 6,433,868 new Sika shares may be issued, which corresponds to 4.19% of the Company's issued and in the commercial register registered share capital. The newly created Sika shares will be issued out of the existing conditional capital.