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GBL Delivering meaningful growth November 4 , 2021 – After 5:45 pm CET Regulated information - Interim statement Results as of September 30 , 2021 Accelerated strategy deployment with a focus on portfolio rotation , private and alternative assets and enhanced shareholder returns Net Asset Value rebound of + 24.9 % over the last 12 months , outperforming the Stoxx Europe 50 ( + 20.5 % ) , and a record high for GBL's share price Cash earnings up double digits Third share buyback envelope finalized in October 2021 and a fourth envelope doubled to EUR 500 million Cancellation of 5 million treasury shares approved at the Extraordinary General Meeting Portfolio rotation of EUR 3.9 billion , mainly due to investments in Sienna Investment Managers and private assets Canyon and Voodoo , and reduced positions in listed companies , Holcim in particular Private and alternative assets now 23.2 % of the portfolio Rapid development in third party asset management through Sienna Investment Managers Reinforcement of internal structure with the appointment of Deputy CEO Bernard Delpit Ian Gallienne , CEO of GBL , commented , " We accelerated the deployment of our strategy through ongoing portfolio rotation , prioritizing assets with more growth potential . We reduced our position in several listed companies , Holcim in particular . We increased our exposure to private and alternative assets , thereby creating a less replicable portfolio . In July , we took a position in Voodoo , a global leader in mobile gaming . Sienna Investment Managers , our alternative asset platform , has rapidly transformed into a third party asset manager following the L'Etoile Properties acquisition . I am impressed by our teams ' agility in realizing these deals in a challenging market environment . Our 4.7 billion euro liquidity profile will enable us to pursue deals as we strive to sustainably grow net asset value . " Press release November 4 , 2021 // Page 1 / 17 // For more information : www.gbl.be