Lotus Bakeries NV

Share Issue/Capital Change • Sep 28, 2021

FAMILY SHAREHOLDERS OF LOTUS BAKERIES HAVE SUCCESSFULLY COMPLETED THE PRIVATE PLACEMENT OF 65,303 SHARES

Lotus Bakeries has been informed by its family shareholders - i.e. all depository receipt holders of the Stichting Administratiekantoor van Aandelen Lotus Bakeries ("STAK Lotus Bakeries"), participating proportionally to their existing holdings, as well as through certain affiliates - of the successful completion of the private placement of 65,303 existing common shares (the "Shares") of Lotus Bakeries, or 8% of the current outstanding capital, to institutional investors.

The family shareholders have initiated the private placement to increase the free float to 50% and deepen the liquidity of the Lotus Bakeries share and thereby enhance the attractiveness of the shares to international investors.

The family shareholders who have united in the STAK Lotus Bakeries have reduced their participation in Lotus Bakeries to 50% of the share capital, representing 66% of the voting rights. They share the longterm vision to retain a controlling majority stake in Lotus Bakeries' share capital for the future.

CEO Jan Boone:

"In my capacity as CEO of Lotus Bakeries as well as a family shareholder, I am extremely pleased with the successful completion of this private placement. I am proud of the strong demand from the international institutional investors community to join the Lotus Bakeries story and am enthusiastic about taking the many new shareholders on board. As reference holder, the family will always retain a strong influence on the company and its operations. At the same time, the increased free float and liquidity stimulate our ambition to further develop the identity of Lotus Bakeries as a listed company."

The Shares have been placed at a price of EUR 5,000 per share, resulting in gross proceeds of around EUR 326.5 million.

Settlement will take place on 30 September 2021.

Joh. Berenberg, Gossler & Co. KG, KBC Securities NV and BNP Paribas Fortis SA/NV acted as Joint Global Coordinators in connection with the placement.

Lotus Bakeries began in the village of Lembeke in 1932 and is now active worldwide in the indulgent and natural snacking segment with the Lotus, Lotus Biscoff®, Dinosaurus, Annas, nākd, TREK, BEAR and Kiddylicious brands, among others. Lotus Bakeries, with headquarters in Belgium, is a dynamic, internationally oriented company with production facilities in Belgium, the Nethedands, France, Sweden, South Africa and twenty-one own sales organisations in Europe, America and Asia. Lotus Bakeries also works with commercial partners in approximately fifty countries worldwide. Lotus Bakeries has more than 2,000 employees. By maintaining a healthy balance between tradition and innovation, the Lotus brand indulges consumers with a unique range of high-quality, tasty products. The secret of Lotus Biscoff' lies in the cookie's unique flavour, distinctive design and delightful crispiness. The unique caramelised cookie flavour has meanwhile also been incorporated ice cream and chocolate. A wide range of cake specialties and waffles are furthermore offered under the Lotus brand name. Koninklike Peinenburg is the market leader for on entherlands and Annas is a typical Swedish speciality of peoparkakor biscuits flavoured with ginger and cinnamon. Under the nakd, TREK and BEAR brands, Lotus Bakeries offers tasty snacks, manufactured from all-natural, unprocessed ingredients, with no added sugar. Kiddylicious focusses on healthy snacking for babies and ore-schoolers. In 2020 the Group achieved a turnover of EUR 663 million. The shares of Lotus Bakeries are listed on Euronext Brussels. The majority of the shares are owned by the Boone and Stevens family.

For more information please contact:

Jan Boone - CEO Tel. + 32 9 376 26 14 Mike Cuvelier - CFO Tel. + 32 9 376 26 14

Regulated Information - Inside Information 28 September 2021, before market Not for distribution in or to the United States of America, Japan, Canada, Australia, South Africa or Switzerland

Further information on Lotus Bakeries can be found on www.lotusbakeries.com.

Press release

Important legal information

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein, in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This announcement is not for distribution, directly or indirectly in the United States of America, Canada, Australia, South Africa, Japan or Switzerland, or any other jurisdiction where distribution would not be permitted by law. The information contained herein does not constitute an offer of securities for sale in the United States of America, Australia, Canada, Japan, South Africa or Switzerland.

This announcement does not constitute an offer of securities in the United States of America, or a solicitation to purchase securities in the United States of America. The securities referred to herein have not been and will not be registered under the US Securities Act, or under the securities law of any state or jurisdiction in the United States of America and may not be offered, sold, resold, transferred or delivered, directly or indirectly within the United States of America except pursuant to an applicable exemption from the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or jurisdiction of the United States of America. Lotus Bakeries has not registered, and does not intend to register, any portion of the offering in the United States of America. There will be no public offer of securities in the United States of America.

In the European Economic Area and in the United Kingdom an offer of securities to which this communication relates is only addressed to and is only directed at qualified investors in that Member State and the United Kingdom within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC, and any implementing measure in each relevant Member State of the United Kingdom.