Recticel

Share Issue/Capital Change • Dec 20, 2024

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

Capital increase through exercise of subscription rights

Recticel announces that on 20 December 2024 its share capital has been increased following the exercise of 15,000 subscription rights of the warrant plan issued on 29 April 2016 and 92,500 subscription rights of the warrant plan issued on 25 April 2018. This resulted in the issuance of 107,500 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 24 December 2024.

This results in the following overview:

	Before	Current
Total subscribed capital (in EUR)	141,246,050	141,514,800
Total number of shares in issue (with voting rights)	56,498,420	56,605,920
Total number of outstanding subscription rights	2,750,000	2,642,500

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About Recticel Group

Recticel Group is a Belgian insulation company with a strong presence in Europe and the USA. It offers smart insulation solutions that advance a carbon-free economy and a better quality of life.

Recticel Group delivers upon a portfolio of Insulation Boards, Insulated Panels and Acoustic Solutions.

Recticel Insulation designs polyurethane thermal and thermo-acoustic boards for optimal building comfort and energy efficiency. This includes vacuum insulation panels (VIP) by Turvac.

Trimo enables the highest aesthetic standards and extends architectural capabilities with its mineral wool insulated panels and modular space solution, primarily in non-residential applications. With the recent acquisition of REX Panels & Profiles, the portfolio now includes PIR insulated panels.

Soundcoat provides acoustic solutions used in some of the world's leading technological innovations.

At the end of 2023, Recticel employed 1,255 people and had achieved sales of EUR 529.4 million. Its operations are spread over seven countries.

The Science Based Targets initiative (SBTi) approved Recticel's near-term targets for the reduction of scope 1, 2 & 3 greenhouse gas emissions by 2030 (from base year 2021) and net-zero targets for 2050.

Recticel is listed on Euronext in Brussels (Euronext: RECT - Reuters: RECT.BR - Bloomberg: RECT:BB). As from 23 December 2024 Recticel will be included in the Euronext BEL® ESG Index.

Financial calendar

Annual results 2024 04.03.2025 (07:00 AM CET) First quarter trading update 2025 29.04.2025 (07:00 AM CET) Annual General Meeting 27.05.2025 (10:00 AM CET) First half year results 2025 29.08.2025 (07:00 AM CET) Third quarter trading update 2025 30.10.2025 (07:00 AM CET)

Media & Investor Relations Investor Relations

Jan Vergote Bart Van den Eede +32 2 775 18 01 +32 2 775 18 01

Recticel NV/SA Bourgetlaan 42 avenue du Bourget 1130 Brussels Belgium

Chief Executive Officer Chief Financial & Legal Officer vergote.jan@recticel.com vandeneede.bart@recticel.com

This press release is available in English and Dutch on www.recticel.com.