Recticel

Share Issue/Capital Change • May 31, 2024

PRESS RELEASE

Regulated information – Inside information

Brussels, 31 May 2024 – 18:00 CET

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

Capital increase through exercise of subscription rights

Recticel announces that on 31 May 2024 its share capital has been increased following the exercise of 50,000 subscription rights of the warrant plan issued on 30 June 2017 and 5,000 subscription rights of the warrant plan issued on 29 June 2020. This resulted in the issuance of 55,000 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 4 June 2024.

This results in the following overview:

	Before	Current
Total subscribed capital (in EUR)	140,802,300	140,939,800
Total number of shares in issue (with voting rights)	56,320,920	56,375,920
Total number of outstanding subscription rights	2,435,000	2,380,000

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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).

Financial calendar

First half year results 2024 30.08.2024 (07:00 CET) Third quarter trading update 2024 31.10.2024 (07:00 CET)

Media & Investor Relations Investor Relations

Jan Vergote Dirk Verbruggen +32 2 775 18 01 +32 2 775 18 91

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

Chief Executive Officer Chief Financial & Legal Officer vergote.jan@recticel.com verbruggen.dirk@recticel.com

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