Belysse Group NV

Delisting Announcement • Sep 23, 2022

Press Release

Waregem, 22 September 2022, 7:30 a.m. CET For immediate publication

Balta Group nv announces name changes

Balta Group nv today announced that its corporate name will change to Belysse Group nv. The new commercial name referring to the business will be Belysse.

This follows the divestment of Balta Group nv's Rugs, Residential polypropylene and Non-Woven businesses, together with the Balta brand, to Victoria PLC, which concluded on 4 April 2022. The company will continue to be listed on Euronext as BALTA, until the new corporate name is approved by the Extraordinary General Meeting (currently foreseen on the 24 October 2022).

Belysse designs and manufactures sustainable textile floor coverings for commercial and residential applications and commercializes its products focusing 90% on North America and Europe under premium brands Bentley (US), modulyss, arc edition and ITC (Europe). Headquartered in Waregem, Belgium, Belysse employs nearly 1300 people and operates three manufacturing sites in Belgium (Tielt and Zele) and the United States (Los Angeles).

With its origins deeply rooted near the river Lys, in the heart of Flanders' renowned textile industry, Belysse will build on its strong legacy in soft flooring, delivering premium quality and design to customers across the world. The company will continue to invest in resilient growth, with an even greater focus on innovation, sustainability, manufacturing optimization and more agile digital solutions.

Cyrille Ragoucy, CEO and Chairman of the Board of Balta Group nv said,

"The renaming of our company into Belysse embodies the transformation of our company into a more agile and resilient business. Belysse is a team of 1300 proud and dedicated soft flooring experts on both sides of the Atlantic who are passionate about design, quality and innovation. We are committed to continuing to play an important role in the textile flooring industry."

BALTAGROUP nv / FranklinRooseveltlaan 172-174, 8790 Waregem 01

FOR FURTHER INFORMATION, PLEASE CONTACT

Margo Desmedt Communications Manager investor.relations@belysse.com www.belysse.com

ABOUT BELYSSE

Following the completion of the divestment of its Rugs, Residential polypropylene and Non-Woven businesses to Victoria PLC in April 2022, Belysse (formerly known and currently still listed on Euronext as BALTA) manufactures sustainable textile floor coverings for commercial and residential applications and commercializes its products focusing 90% on North-America and Europe under the premium brands Bentley (US), modulyss, arc edition and ITC (Europe). Belysse employs nearly 1300 people and operates three manufacturing sites in Belgium (Tielt and Zele) and the United States (Los Angeles).