José Estévez increases capital by 10,000,048 euros and issues 1,663,868 shares

José Estévez, S.A. is increasing its share capital by 10,000,048 euros through the issuance of 1,663,868 new ordinary shares, according to the announcement published by the Official Gazette of the Mercantile Registry (BORME) on Monday, October 19, 2026. The operation was agreed upon by the Extraordinary General Shareholders’ Meeting held on September 1, 2026, on the first call at 12:00 p.m. The notice appears in the Second Section of the gazette, page 6835, with the official reference BORME-C-2026-5507, and opens a one-month period for shareholders to exercise their preferential subscription rights.

The publication is carried out in compliance with Article 305 of the Capital Companies Act, which requires the capital increase to be publicized in the BORME when the company recognizes preferential subscription rights for shareholders. The affected company is José Estévez, S.A., with CIF A-11602513 and registered office at Carretera Nacional IV, Km. 640, Jerez de la Frontera (11408, Cádiz). The announcement was signed in Jerez de la Frontera on October 14, 2026, by the Sole Administrator, José Ramón Estévez Puerto, and bears the internal publication identifier A260044105-1.

Economic conditions of the issuance

The increase is executed without an issuance premium and at the nominal value of the shares currently in circulation, such that the disbursement coincides with the nominal value of each security:

• Nominal amount of the increase: 10,000,048 euros.
• Number of new shares: 1,663,868, all ordinary.
• Nominal value per share: 6.010121 euros.
• Issuance premium: none; total disbursement of 6.010121 euros per share.
• Subscription proportion: 0.3218 new shares for every old share.

The amount of the increase and the number of securities are consistent: the product of 1,663,868 shares by 6.010121 euros yields the announced 10,000,048 euros, and the gazette does not provide for differentiated tranches or premiums for subscribers.

Deadline and procedure for shareholders

The preferential subscription right may be exercised for one month starting from the day following the publication of the announcement in the BORME, in accordance with Article 305.2 of the Capital Companies Act. With the publication on October 19, 2026, the period extends until November 20, 2026.

Shareholders wishing to participate in the issuance must:

• Go to the registered office at Carretera Nacional IV, Km. 640, Jerez de la Frontera (11408, Cádiz).
• Complete the subscription form.
• Disburse the amount corresponding to the subscribed shares, at a rate of 6.010121 euros per security.

An announcement already published in January

The same terms—an amount of 10,000,048 euros, 1,663,868 shares, a par value of 6.010121 euros, and a ratio of 0.3218—were already published in the BORME no. 8, dated January 14, 2026, page 126, under reference BORME-C-2026-109. In that announcement, the agreement was attributed to the extraordinary general meeting of November 17, 2025, and the preferential subscription period likewise opened for one month from the day following publication.

The new insertion in October responds to a different board agreement, that of September 1, 2026, and restarts the one-month period countdown; therefore, shareholders have a new window to subscribe to the issuance under the same economic conditions.

The move has a direct impact on the shareholders of José Estévez, S.A.: those who do not participate in the capital increase will see their stake diluted, as the issuance is equivalent to 0.3218 new shares for each existing one. For the business environment of Jerez de la Frontera, the operation represents an injection of ten million euros into a company domiciled in the city, with a one-month schedule that forces investors to decide before November 20, 2026.

Source: Official Gazette of the Mercantile Registry, no. 201, October 19, 2026, Second Section - Announcements and legal notices, p. 6835 (official reference: BORME-C-2026-5507).