Eastern Co Announces Offering For Sale Of Several Of Its Non-Operating Assets

EASTERN COMPANY SAE EGX:EAST:

• ANNOUNCES OFFERING FOR SALE, THROUGH A SEALED-BID AUCTION PROCESS, OF SEVERAL OF ITS NON-OPERATING ASSETS

• SALE IS PART OF ONGOING EFFORTS TO MAXIMIZE VALUE OF ITS NON-CORE ASSETS, ENHANCE RESOURCE UTILIZATION EFFICIENCY

• FIRST AUCTION SESSION IS SCHEDULED TO BE HELD ON JULY 21, 2026

• BOARD WILL ALSO CONSIDER APPROPRIATE UTILIZATION OF SALE PROCEEDS, BASED ON AUCTION RESULTS AND FINAL AWARDED VALUES

• CO FURTHER CONFIRMS THAT ASSETS OFFERED FOR SALE ARE NOT RELATED TO ITS CURRENT OPERATING ACTIVITIES