TENDAM RETAIL, S.A.
ANNOUNCEMENT OF DIVIDEND DISTRIBUTION

Pursuant to the provisions of article 93.d of the Spanish Corporate Enterprises Act, it is hereby notified that on 24 July 2023, the Annual General Meeting of Shareholders of Tendam Retail, S.A. (the “Company”), approved:

1. The payment of dividends against the profit reported for the financial year ended 28 February 2023, in cash, for a total gross maximum amount of 43,778,573.20 euros, at 0.02818 euros gross per Company’s share outstanding; and/span>
2. The distribution of a special dividend paid against voluntary reserves, in cash, for a total gross maximum amount of 8,551,361.16 euros, at 0.0055 euros gross per Company’s share outstanding;

taking into account, in both cases, that the Company’s share capital at the date of these resolutions is divided into a total of 1,553,693,550 shares with a nominal value of 0.055 each

The amount corresponding to treasury stock held as of the payment date, if applicable, shall be attributed proportionally to the remaining shares outstanding.

The gross amounts payable shall be subject to any withholding tax required by the regulations in effect at any given time.

Dividends payments shall be made in a single payment through Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), which has been designated by the Company to act as the paying agent (the “Agent Bank”), as from the 26th of July, 2023.

The Agent Bank will pay each of the depositary banks where the Company’s shares are held the total amount payable to all shareholders whose shares are deposited with each of them, via bank transfer. Each depositary bank will subsequently credit each of the shareholders who has their Company shares deposited with said bank for the individual amount corresponding to the number of shares held by each shareholder as a dividend payment.

Shareholders whose shares are not deposited with the Agent Bank or another depositary bank must attend the Company’s registered office within two (2) months of the 24th of July, 2023, to request payment via personal cheque of the amount corresponding to the number of shares held, upon accreditation of ownership (in the form of multiple registered shares coupons, public deeds, sale certificates or another form of accreditation) or of identity (provided the shareholder is registered in the Company’s Shareholder Register).

Any amounts which, for any reason, cannot be paid to the shareholders within the deadlines and in accordance with the procedures stipulated, shall be held and made available for payment to shareholders in an account held in the Company’s name with the Agent Bank.

In Madrid, on the 25th of July 2023. The Non-Director Secretary to the Company’s Board of Directors, Ms. María del Mar Oña López.