Aperam announces cancellation of shares

   Aperam S.A. / Key word(s): Share Buyback/Corporate Action
   Aperam announces cancellation of shares
   29-May-2024 / 08:30 CET/CEST
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Aperam announces cancellation of shares

   Luxembourg, May 29, 2024 (08:30 CET) - Aperam (« Aperam », or «
   the Company ») (Amsterdam, Luxembourg, Paris, Brussels: APAM et
   NYRS: APEMY), announced today the cancellation of shares.

   Aperam announced that 4,852,118 shares have been cancelled in
   line with its financial policy. This cancellation takes into
   account shares already purchased under the 2.5 millions share
   buyback program announced on 11 February 2022 under the
   authorization given by the annual general meeting of shareholders
   held on 7 May 2019 (and under renewal of such authorization at
   the May 4, 2022 annual general meeting of shareholders) and
   shares purchased under the 3.5 millions additional share buyback
   program announced on May 6, 2022 under the authorization given by
   the annual general meeting of shareholders held on May 4, 2022.

   As a result of this cancellation, Aperam will have 73,184,570
   shares in issue (compared to 78,036,688 before the cancellation).

   Details on the share buyback program can be found at:
   https://www.aperam.com/investors/equity-investors/share-buyback/

   With reference to article 14 of the Luxembourg law and the Grand
   Ducal regulation of 11 January 2008, on transparency requirements
   for issuers of securities ('Transparency Law'), the total number
   of the Company's voting rights and capital is available in the
   Luxembourg Stock Exchange's electronic database OAM on
   www.bourse.lu and on the Company's website under 'Investors -
   Corporate Governance - Shareholding structure'.

About Aperam

   Aperam is a global player in stainless, electrical and specialty
   steel, with customers in over 40 countries. Since January 2022,
   the business is organised in four primary reportable segments:
   Stainless & Electrical Steel, Services & Solutions, Alloys &
   Specialties and Recycling & Renewables.

   Aperam has a flat Stainless and Electrical steel capacity of 2.5
   million tonnes in Brazil and Europe and is a leader in high value
   specialty products. In addition to its industrial network, spread
   over six production facilities in Brazil, Belgium and France,
   Aperam has a highly integrated distribution, processing and
   services network and a unique capability to produce low carbon
   footprint stainless and special steels from biomass, stainless
   steel scrap and high performance alloys scrap. With 5 of its main
   6 facilities certified ResponsibleSteelTM, Bioenergia and its
   unique capability to produce charcoal made from its own
   FSC®-certified forestry and, with ELG, a global leader in
   collecting, trading, processing and recycling of stainless steel
   scrap and high performance alloys, Aperam's places sustainability
   at the heart of its business, helping customers worldwide to
   excel in the circular economy.

   In 2023, Aperam had sales of EUR 6,592 million and shipments of
   2.20 million tonnes.

   For further information, please refer to our website at
   www.aperam.com.

Contact

   Company Secretary / Delphine Féraud Valendru:
   delphine.feraud-valendru@aperam.com.

   Investor Relations / Thorsten Zimmermann: +352 27 36 27 304;
   thorsten.zimmermann@aperam.com

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   Dissemination of a Financial Wire News, transmitted by EQS Group.
   The issuer is solely responsible for the content of this
   announcement.
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1913087 29-May-2024 CET/CEST