Recticel : Capital increase through exercise of warrants

PRESS RELEASE

Regulated information - Inside information

Brussels, 29 June 2020 - 18:00 CET

Disclosure in accordance with the provisions of the Act of 2 May 2007

Capital increase through exercise of warrants

Recticel announces that on 29 June 2020 its share capital has been increased following the exercise of (i) 26,000 warrants of the warrant plan issued on 23 June 2015 and (ii) 30,000 warrants of the warrant plan issued on 29 April 2016. This resulted in the issuance of 56,000 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 02 July 2020.

This results in the following overview:

before	current
Total subscribed capital (in EUR)	138 706 050	138 846 050
Total number of shares in issue (with voting rights)	55 482 420	55 538 420
Total number of outstanding warrants1	1 718 500	2 167 500

1 After correction for expired and/or cancelled warrant rights. Each warrant entitles the holder to subscribe to 1 new ordinary share. Including new June 2020 serie of 505,000 warrants.

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Press release - Capital increase - 29 June 2020 - 18:00 CET

Financial calendar
First half-year 2020 results	28.08.2020 (at 07:00 AM CET)
Third quarter 2020 trading update	30.10.2020 (at 07:00 AM CET)
Annual results 2020	26.02.2021 (at 07:00 AM CET)
First quarter 2021 trading update	27.04.2021 (at 07:00 AM CET)
Annual General Meeting	25.05.2021 (at 10:00 AM CET)
First half-year 2021 results	27.08.2021 (at 07:00 AM CET)
Third quarter 2021 trading update	29.10.2021 (at 07:00 AM CET)
For additional information

RECTICEL

New address as from 01 June 2020 : avenue du Bourget/Bourgetlaan 42, 1130 Brussels

PRESS	INVESTOR RELATIONS
Mr Olivier Chapelle	Mr Michel De Smedt
Tel: [phone]	Mobile: [phone]
[e-mail]	[e-mail]
Recticel in a nutshell

Recticel is a Belgian Group with a strong European dimension, but it also operates in the rest of the world. Recticel (excluding minority stakes in joint ventures) employs 7,028 people in 81 establishments in 27 countries.

Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications.

Recticel is the Group behind well-known bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, etc.) and GELTEX® inside. Within the Insulation sub-segment high-quality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck®, Powerwall® and Xentro®. Technological progress and innovation have led to breakthrough at the biggest names in the Automotive industry thanks to Colo-Fast®, Colo-Sense® and Colo-Sense Lite®.

In 2019 Recticel achieved combined sales of EUR 1.22 billion (IFRS 11 consolidated sales: EUR 1.0 billion).

Recticel (Euronext: REC - Reuters: RECTt.BR - Bloomberg: REC:BB) is listed on Euronext in Brussels.

The press release is available in English and Dutch on the websitewww.recticel.com

Press release - Capital increase - 29 June 2020 - 18:00 CET

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