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European single electronic reporting format and PDF version This document is an unofficial and unaudited PDF version of the Annual Report 2023 of Altri, SGPS,...

Altri Group achieved total revenues of € 174.4 M in the 3Q23, a decrease of 38.6% vs 3Q22. Theslowdown in the growth of global pulp demand during 2023, which resulted from a relevantdestocking process in the Pulp and Paper industry and the lower dynamism of economic activity, led the Altri Group to register a lower sales level and prices than the same period last year. Compared to the 2Q23, total revenues decreased 13.6%, as a result of a relevant decrease in the pulp prices, despite the increase in the volume sold.

Altri Group achieved its best year ever during 2022 in terms of total revenues, EBITDA as well as pulp produced in several industrial units of the Group. Benefiting from a favourable evolution of pulp prices, total revenues reached € 1,066.2 M in 2022, a 34.4% increase vs 2021. During the 4Q22, Altri Group recorded total revenues of € 260.4 M, a 25.1% increase vs 4Q21.

E A R N I N G S A N N O U N C E M E N T 2022 This document is a translation of a document originally issued in Portuguese, prepared using... | March 23, 2023