Axalta shareholders approve all-stock merger of equals with AkzoNobel

Axalta Coating Systems Ltd.

• Merger proposal approved by 83.45% of shares entitled to vote (99.97% of votes cast).
• AkzoNobel shareholders also approved the merger at their Extraordinary General Meeting.
• Completion expected late 2026 to early 2027, subject to regulatory approvals and conditions.
• Advisory compensation proposal approved by 81.22% of shares entitled to vote.
• Bye-laws amendment approved by 83.58% of shares entitled to vote.