Recticel : Transparency declaration Janus Henderson Group plc.

Transparency notification

Form TR-1 BE

PART I

1)	Status of the notification
		Final
2)	Issuer
	Name	RECTICEL
	Identification number	0405-666-668
3)	Reason for the notification		0
		Acquisition or disposal of voting securities or voting rights		+
4)	Notification by
		A parent undertaking or a controlling person			+
5)	Persons subject to the notification requirement
		Name	Address (for legal entities)
		Janus Henderson Group plc	201 Bishopsgate, London EC2M 3AE, UK		+

1. Persons that dispose of voting rights(only to be filled in if art. 7 of the Law applies)

Name	Address (for legal entities)

+

Please continue entering the information in part II concerning the persons referred to in Sections 5 and 6

Part II

7) Date on which the threshold is crossed

15/10/2020 (DD/MM/YYYY)

8) Threshold that is crossed(in %)

3

If the holding has fallen below the lowest threshold, you have the option of not entering any numbers in Section 10

9) Denominator

55,590,420

Please enter the denominator before filling in the data

10) Notified details

A) Voting rights	Previous notification		After the transaction
	# of voting rights	# of voting rights	% of voting rights
Holders of voting rights		Linked to securities	Not linked to the	Linked to	Not linked to the
	securities	securities	securities
Janus Henderson Group plc		0		0.00%
Henderson Global Investors Limited		1,669,584		3.00%
Subtotal		1,669,584		3.00%
	TOTAL	1,669,584	0	3.00%	0.00%

Start with "groups" of holders. Add subtotals with Σ, and then finish with the persons who are "alone".

For groups, start with the ultimate controlling natural person or legal entity.

The totals, subtotals and % will be updated once you have clicked on .

-

-

+

B) Equivalent financial instruments		After the transaction
				# of voting rights
Holders of equivalent	Type of financial instrument	Expiration date	Exercise period or	that may be
acquired if the % of voting rights	Settlement
financial instruments			date	instrument is
				exercised

TOTAL	0	0.00%
The totals will be updated once you have clicked on
TOTAL (A & B)	# of voting rights	% of voting rights
	CALCULATE	1,669,584	3.00%

-

+

11) Full chain of controlled undertakings through which the holding is effectively held, if applicable

Janus Henderson Group plc, Henderson Group Holdings Asset Manage-ment Limited, HGI Asset Management Group Lim-ited, Henderson Global Group Limited, Henderson Holdings Group Limited, HGI Group Limited, Henderson Global Investors (Hold-ings) Limited, Henderson Global Investors Limited. Janus Henderson Group plc's Organistional Chart is attached to show the full change of control.

12) In case of proxy voting for only one GM

					(DD/MM/YYYY)
Holder		will cease to hold /	0	voting rights as of
		will hold again

13) Additional information

Henderson Global Investors Ltd is the investment management company that can exercise the voting rights at its discretion, in the absence of specific instructions

Done at	201 Bishopsgate, London EC2M 3AE, UK
On
21/10/2020	(DD/MM/YYYY)
	Scott Dickenson, Compliance Manager		Signature