Koninklijke BAM Groep nv (ENXTAM:BAMNB) commences share repurchases on May 9, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 12, 2023. As per the mandate, the company is authorized to repurchase up to 10% of the issued share capital on the day of acquisition. The shares shall be repurchased at a price not less than the nominal value of the shares and at a price not higher than 10% above the average of the closing price of the shares on the stock exchange, during the 5 trading days immediately preceding the date of acquisition.

The purpose of the program is to neutralize the dilution effect of the issue of stock dividend and to fulfill the obligations deriving from the performance share plans. The authority shall be valid for a period of 18 months.