Press release

Antwerp, 25 June 2024, 07:30 CET



Gimv increases its stake in TINC – Gimv and Belfius conclude
agreement in principle on the sale of the shares of Belfius
Insurance in TINC
Gimv and Belfius reach agreement on their shareholdings in TINC, the European
infrastructure investment company listed on Euronext Brussels, which they hold
separately today. A newly created company with Gimv as majority shareholder
takes over the shares of Belfius Insurance, financed by Belfius Bank. This will ensure
the stability of TINC's shareholdership.

Gimv and Belfius Insurance today each own rounded 10% of the shares of TINC, the listed European
infrastructure investor. Gimv and Belfius announce today that they have reached an agreement on
the sale of the TINC shares held by Belfius Insurance. A newly created company (NewCo), to which
Gimv will contribute in kind its TINC shares, will acquire these shares with financing from Belfius Bank.

The acquisition by the NewCo, with Gimv as majority shareholder, of Belfius Insurance's shares in TINC
will take place at a price of 11.77 euros per share, based on the volume weighted average of the
closing prices on Euronext Brussels (VWAP) during a period of 20 days prior to the signing of the
agreement in principle between Gimv and Belfius.

Gimv and Belfius are pleased with the agreement reached. This lays strong foundations for a future-
oriented continuation of both TINC's shareholdership in support of TINC’s further growth ambitions
and the involvement of Gimv and Belfius as stakeholders from the very beginning.

Further communication will be made upon further completion of this transaction in the coming
months.




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 1
Antwerp, 25 June 2024, 07:30 CET Press release




About Gimv About Belfius

Gimv is a European investment company with Belfius Bank & Insurance is a solid bank-insurance
over 40 years of experience in private equity and company owned by the Belgian federal
is listed on Euronext Brussels as well as a member government. With 160 years of experience in the
of the Euronext BEL ESG Index. Gimv currently has public sector and 60 years in the private client
a portfolio of more than EUR 1.5 billion consisting segment, Belfius is deeply rooted in the Belgian
of around 60 portfolio companies, with a economy and society:
combined turnover of EUR 4.0 billion and more • partner of 3.8 million private individuals, the
than 20,000 employees. self-employed and SMEs
• prominent player in the corporate and
As a recognized market leader in selected business market
investment platforms, Gimv identifies • leading bank in the public and non-profit
entrepreneurial, innovative companies with high sectors
growth potential and supports them in their • leading brand in Life and Non-Life insurance
transformation into market leaders. Gimv's five • reference bank for Private and Wealth
investment platforms are Consumer, Healthcare, Management
Life Sciences, Smart Industries and Sustainable
Cities. Each platform works with an experienced Thanks to a relentless focus on customer
team across Gimv’s home markets of Benelux, satisfaction and sustainability, Belfius achieves
France and DACH, supported by an extended strong results year after year. With meaningful
international network of experts. innovations and cutting-edge technologies,
Belfius ranks among the best digital banks. The
Further information on Gimv can be found on Belfius Mobile app, developed by its own talent, is
www.gimv.com. a world leader.

Further information on Belfius can be found on
www.belfius.be.




For further information please contact: For further information please contact:

Gimv Belfius Bank
Kristof Vande Capelle, CFO Press contact
T +32 3 290 22 17 Belfius Bank & Verzekeringen
kristof.vandecapelle@gimv.com Ulrike Pommée, + 32 (0)2 222 02 57
ulrike.pommee@belfius.be - press@belfius.be




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 2