WENDEL: Wendel finalized the sale of Stahl to Henkel

PRESS RELEASEOCTOBER 1, 2026

Wendel finalized the sale of Stahl to Henkel

Net proceeds of 1.14 billion for Wendel, representing an annualized IRR of over 15% since 2006

Wendel (Euronext: MF.FP) announces it finalized the sale of its stake in Stahl (excluding Muno) for an enterprise value of 2.1 billion to Henkel, following receipt of all required regulatory approvals.

The transaction has generated total net proceeds (after debt and transaction costs) of c.1.14 billion for Wendel. This corresponds to a multiple of 6.3 times (net) Wendels total investment since 2006, including 427m of past proceeds thanks to Stahls robust cash generation. This represents an annualized IRR of over 15% over 20 years. This compares with a value of 960 million in Wendels net asset value (NAV) published before the transaction announcement, as of September 30, 2025, i.e. a c.20% premium.

The sale of Stahl marks a key milestone in the execution of the roadmap presented early December 2025 and will allow Wendel to fulfil its objectives of long-term value creation and portfolio rotation. Thanks to its private assets investments, the development of Wendel Investment Managers (WIM) as a first-class private asset management platform, Wendel aims to deliver superior shareholder returns and fundamentally transform its business model. In 2026 alone, Wendel announced significant asset disposals totaling 1.6 billion, completed the acquisition of Committed Advisors, and will return more than 500 million to shareholders, including the completion in July of a share buyback representing 9% of its share capital.

Agenda

Thursday, October 22, 2026

Q32026Trading updateFinancial communication as of September 30, 2026(before-market release)

Wednesday, December 2, 2026

Investor Day 2026

Friday, February 26, 2027

Full-Year 2026 ResultsPublication of NAV as of December 31, 2026, and Full-Year consolidated financial statements (before-market release)

Thursday, April 22, 2027

Q12027Trading update Financial communication as of March 31, 2027(before-market release)

Thursday, May27, 2027

Annual General Meeting

Thursday, July29, 2027

H1 2027 ResultsFinancial communication as of June 30, 2027, and Half-Year consolidated financial statements (before-market release)

About Wendel

Wendel is one of Europes leading listed investment firms. Regarding its principal investment strategy, the Group invests in companies which are leaders in their field, such as ACAMS, Bureau Veritas, Crisis Prevention Institute, Globeducate, IHS Towers, Scalian and Tarkett. In 2023, Wendel initiated a strategic shift into third-party asset management of private assets, alongside its historical principal investment activities. In this context, Wendel completed the acquisitions of a 51% stake in IK Partners in May 2024, 72% of Monroe Capital in March 2025 and 64% (including forward sale) of Committed Advisors in April 2026. As of June 30, 2026, Wendel Investment Managers manages 48.7 billion euros on behalf of third-party investors, and c.3.6 billion euros (PF sale of Stahl & IHS) invested in its Principal Investments activity.

Wendel is listed on Eurolist by Euronext Paris.

Standard & Poors ratings: Long-term: BBB, stable outlook Short-term: A-2

Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of Grand Mécène de la Culture in 2012.

For more information: wendelgroup.com

Follow us on LinkedIn @Wendel

Press contacts	Analyst and investor contacts
Christine Anglade: +33 6 14 04 03 87	Olivier Allot: +33 1 42 85 63 73
c.anglade@wendelgroup.com	o.allot@wendelgroup.com
Caroline Decaux: +33 1 42 85 91 27	Lucile Roch: +33 1 42 85 63 72
c.decaux@wendelgroup.com	l.roch@wendelgroup.com
Primatice
Olivier Labesse: +33 6 79 11 49 71
olivierlabesse@primatice.com
Hugues Schmitt: +33 6 71 99 74 58
huguesschmitt@primatice.com

Attachment

• Wendel_Stahl_Closing_01102026_EN

A OESP nao e(sao) responsavel(is) por erros, incorrecoes, atrasos ou quaisquer decisoes tomadas por seus clientes com base nos Conteudos ora disponibilizados, bem como tais Conteudos nao representam a opiniao da OESP e sao de inteira responsabilidade da GlobeNewswire