Publication of a transparency notification received from Tolefi SA (Article 14 §1 of the Law of 2 May 2007)

MONT-SAINT-GUIBERT, Belgium, Sept. 12, 2023 (GLOBE NEWSWIRE) — Celyad Oncology SA (Euronext: CYAD) (“Celyad Oncology” or the “Company”) today announced, in accordance with Article 14 of the Belgian Law of 2 May 2007 regarding the publication of major shareholdings in issuers whose securities are admitted to trading on a regulated market (the “Transparency Law”), that it received a transparency notification dated September 8, 2023, from Tolefi SA and related persons indicating that they have jointly crossed the 20% threshold, holding 6,568,978 shares, or 22.74% of the voting rights of the Company as of September 4, 2023. Content of the Notification: Reason of the Notification:Threshold crossing by persons acting in concertNotification by:Persons acting in concertPersons subject to the notification requirement:Tolefi SA, Chaussée de Waterloo 1589D, 1180 UccleSerge GobletIsabelle ThoumyreJérôme GobletJean-Daniel GobletDate on which the threshold is crossed:September 4, 2023Threshold that is crossed (in %):20Denominator:28,893,101Notified details: A) Voting RightsPrevious notificationAfter the Transaction #of voting rights# of voting rights% of voting rightsHolders of voting rights Linked to the securitiesNot linked to the securitiesLinked to the securitiesNot linked to the securitiesTolefi SA4,591,4026,504,864022.51%0.00%Serge Goblet56,18056,18000.19%0.00%Isabelle Thoumyre7,3007,30000.03%0.00%Subtotal4,654,8826,568,344 22.73% Jérôme Goblet25025000,00%0.00%Jean-Daniel Goblet38438400,00%0.00% TOTAL6,568,978022.74%0.00%         Full chain of controlled undertakings through which the holdings is effectively held:Tolefi SA is 100% owned by Serge GOBLET, Mrs THOUMYRE and their children. Miscellaneous The Press Release may be consulted on the website of Celyad Oncology: https://celyad.com/newsroom/The notification can be consulted on the website of Celyad Oncology: https://celyad.com/investors/regulated-information/Contact person(s):Any transparency notification must be sent to our Company by email to the attention of Georges Rawadi, Chief Executive Officer (CEO): [email protected] About Celyad Oncology Celyad Oncology is a cutting-edge biotechnology company dedicated to pioneering the discovery and advancement of revolutionary technologies for chimeric antigen receptor (CAR) T-cells. Its primary objective is to unlock the potential of its proprietary technology platforms and intellectual property, enabling to be at the forefront of developing next-generation CAR T-cell therapies. By fully leveraging its innovative technology platforms, Celyad Oncology aims to maximize the transformative impact of its candidate CAR T-cell therapies and redefine the future of CAR T-cell treatments. Celyad Oncology is based in Mont-Saint-Guibert, Belgium. For more information, please visit www.celyad.com. Forward-looking statements This release may contain forward-looking statements, within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements regarding beliefs about and expectations for the Company’s updated strategic business model, including associated potential benefits, transactions and partnerships, statements regarding the potential value of the Company’s IP, and statements regarding the transparency notification. The words “will,” “believe,” “potential,” “continue,” “target,” “project,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this release are based on management’s current expectations and beliefs and are subject to a number of known and unknown risks, uncertainties and important factors which might cause actual events, results, financial condition, performance or achievements of Celyad Oncology to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks related to the material uncertainty about the Company’s ability to continue as a going concern; the Company’s ability to realize the expected benefits of its updated strategic business model; the Company’s ability to develop its IP assets and enter into partnerships with outside parties; the Company’s ability to enforce its patents and other IP rights; the possibility that the Company may infringe on the patents or IP rights of others and be required to defend against patent or other IP rights suits; the possibility that the Company may not successfully defend itself against claims of patent infringement or other IP rights suits, which could result in substantial claims for damages against the Company; the possibility that the Company may become involved in lawsuits to protect or enforce its patents, which could be expensive, time-consuming, and unsuccessful; the Company’s ability to protect its IP rights throughout the world; the potential for patents held by the Company to be found invalid or unenforceable; and other risks identified in Celyad Oncology’s U.S. Securities and Exchange Commission (SEC) filings and reports, including in the latest Annual Report on Form 20-F filed with the SEC and subsequent filings and reports by Celyad Oncology. These forward-looking statements speak only as of the date of publication of this document and Celyad Oncology’s actual results may differ materially from those expressed or implied by these forward-looking statements. Celyad Oncology expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation. Celyad Oncology Contacts: Investor Contact:Media Contact:David GeorgesVP Finance and [email protected] LonezR&D Communications and Business [email protected] Source: Celyad Oncology SA