Veolia Environnement reported the resources available on its liquidity account as of June 30, 2026, under the liquidity contract entered into with Kepler Cheuvreux. The account held 82,789 shares and €17,735,334 at the end of the half-year period. The agreement complies with AMF Decision N°2021-01 of June 22, 2021, regarding the implementation of liquidity contracts for shares.

During the semester, the liquidity provider executed 6,414 transactions on the buy side and 6,573 on the sell side. The total traded volume on the buy side reached 7,181,115 shares for €240,371,984.87, while the sell side volume totaled 7,405,858 shares for €248,590,679.20.

Liquidity Account Resources

The following table details the resources on the liquidity account at the end of the reporting period compared to the previous half-year statement and the start of activity.

Trading Activity Summary

The table below summarizes the trading activity executed by Kepler Cheuvreux on behalf of Veolia Environnement during the first half of 2026.

Veolia Environnement is a public limited company with a Board of Directors and a share capital of €3,712,483,250. Its registered office is located at 21, rue La Boétie, 75008 Paris, France.

Veolia Environnement has launched a new employee shareholding plan offered to 180,000 Group employees to strengthen their involvement in the company's development and performance. The operation allows employees to subscribe directly or indirectly to Veolia Environnement shares, with the goal of further connecting the teams to the Group's growth strategy. The settlement and delivery of the new shares are expected to take place on September 15, 2026.

The offer concerns a maximum of 14,834,468 shares, representing approximately 2% of the share capital at the date of the combined general meeting of April 23, 2026. The subscription price will be determined by the Chief Executive Officer on July 29, 2026, based on the average of the volume-weighted average prices of the Veolia Environnement share on Euronext Paris during the 20 trading days preceding that decision, less a 15% discount. The new shares will carry immediate dividend rights.

Key Dates and Terms

The indicative timetable for the transaction includes a reservation period from June 9 to June 29, 2026, and a subscription/revocation period from July 31 to August 4, 2026. The subscription price will be set on July 29, 2026. The shares subscribed directly and the units of the FCPE will be blocked until June 2, 2031, unless early release conditions are met.

Subscription Options

Beneficiaries can subscribe through two distinct offers: a secured offer with leverage effect and a classic offer. The secured offer includes a gross matching contribution of 100% of the personal contribution up to a limit of 300 euros, a guarantee of the total investment, and a minimum guaranteed return or a multiple of the possible increase in the share price. The classic offer involves investing in Veolia Environnement shares with a 15% discount on the reference price, with the risk of capital loss.

Share Buyback and Listing

The Board of Directors has authorized a share buyback in relation to the implementation of the 2026 employee shareholding operation. Veolia Environnement will repurchase up to 14,834,468 shares through a forward contract between July 1 and July 28, 2026, to be delivered on September 2, 2026. Part of the repurchased shares will be cancelled to neutralize the dilution resulting from the issuance. The newly issued shares will be listed on the regulated market of Euronext Paris and fully assimilated to existing shares.