Important announcement: Holcim hives off US business – spin-off of Amrize – Amrize now independently listed on stock exchanges

We would like to inform you that in the course of Holcim spinning off its US business into an independent company on 23 June 2025, the new company Amrize (ticker: AMRZ) has successfully commenced independent stock exchange trading.

Why did this spin-off take place?

• Holcim has spun off its North American operations to form a separate publicly traded company called Amrize.
• The spin-off will allow Holcim to focus fully on markets such as Europe, Latin America, Australia, and North Africa in the future, while Amrize will focus specifically on North American market needs.
• Given our continued belief in the business model, we will be maintaining our investments in both Holcim and the newly spun-off Amrize.

What does the spin-off of Amrize mean in concrete terms for your custody accounts and investment strategies with us?

• As of yesterday, our strategies include both Holcim and Amrize. For every 1 Holcim share, the shareholder received 1 Amrize share (1:1). The Holcim share price has therefore corrected roughly in line with the Amrize share price.
• There may currently be temporary display problems in our app (e.g. in the performance or position display), as the division after the spin-off has not yet been fully processed technically. We know from experience that data providers (especially custodian banks) need a few days to fully process and correctly display such a change.
• Important: the correct accounting and custody account-related entry has been made. One Amrize share was automatically registered for each Holcim share held as of the Record Date (20 June 2025).

What happens next?

• We are in close contact with our technical service providers to correct the display in the app promptly.
• We will let you know as soon as the display has been corrected.