Recticel

AGM Information • May 28, 2019

Brussels, 28 May 2019 – 14:00 CET

ANNUAL GENERAL SHAREHOLDERS' MEETING

At the Annual General Shareholders' Meeting of Recticel, which took place this morning, all proposed resolutions on the agenda(1) of the Ordinary General Shareholders' Meeting were approved.

Recticel will distribute a gross dividend of EUR 0.24 per share, which will be paid on 03 June 2019.

The Meeting also:

• approved the 2018 financial statements and the appropriation of the result.
• discharged the directors and auditors.
• approved the renewal of the director's mandate, for a new term of three years expiring after the Ordinary General Meeting of 2022, of respectively:
• OLIVIER CHAPELLE BVBA, represented by its permanent representative Mr. Olivier CHAPELLE, as managing director
• IMRADA BVBA, represented by its permanent representative Ms. Ingrid MERCKX, as non-executive and independent director
• ENTREPRISES ET CHEMINS DE FER EN CHINE SA, represented by its permanent representative Mr. Frédéric VAN GANSBERGHE, as non-executive director.
• accepted the resignation of Mr. Kurt PIERLOOT as non-executive and independent director with effect as of 1 January 2019 and confirmed the appointment of CARPE VALOREM BVBA, represented by its permanent representative Mr. Kurt PIERLOOT, as non-executive and independent director, for a term starting on 1 January 2019 and expiring after the Ordinary General Meeting of 2021.
• In replacement of Ms. Danielle Sioen, appointed MOROXCO BVBA, represented by its permanent representative Ms. Elisa VLERICK, as non-executive and independent director, for a term of three years expiring after the Ordinary General Meeting of 2022.
• renewed, upon proposal of the Audit Committee, the mandate of the civil company under the form of a cooperative limited liability company "DELOITTE Bedrijfsrevisoren", as statutory auditor for a period of three years expiring after the Ordinary General Meeting of 2022, in order to do the audit of the financial years closed on 31 December 2019, 2020 and 2021.
• approved the remuneration report of 2018 and 2019 and fixed the remuneration fees for 2019.
• authorized the Board of Directors to issue a new edition of maximum 600,000 stock options under the Stock Option Plan of the Recticel Group in favour of the senior managers of the Recticel Group.

°°°

(1) for more details, see: https://www.recticel.com/investors/general-meetings.html.

Financial calendar

Annual General Meeting	28.05.2019 (at 10:00 AM CET)
Ex-coupon date	30.05.2019
Record date	31.05.2019
Dividend payment date	03.06.2019
First half-year 2019 results	30.08.2019 (at 07:00 AM CET)
Third quarter 2019 trading update	30.10.2019 (at 07:00 AM CET)
Annual results 2019	28.02.2020 (at 07:00 AM CET)
First quarter 2020 trading update	28.04.2020 (at 07:00 AM CET)
Annual General Meeting	26.05.2020 (at 10:00 AM CET)
First half-year 2020 results	28.08.2020 (at 07:00 AM CET)
Third quarter 2020 trading update	30.10.2020 (at 07:00 AM CET)

For additional information

	RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)
	INVESTOR RELATIONS
Mr Olivier Chapelle Tel: +32 2 775 18 01 chapelle.olivier@recticel.com	Mr Michel De Smedt Mobile: +32 479 91 11 38 desmedt.michel@recticel.com

Recticel in a nutshell

Recticel is a Belgian Group with a strong European dimension, but it also operates in the rest of the world. Recticel employs 8,472 people in 97 establishments in 29 countries.

Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications.

Recticel is the Group behind well-known bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, etc.) and GELTEX® inside. Within the Insulation sub-segment high-quality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck®, Powerwall® and Xentro®. Technological progress and innovation have led to breakthrough at the biggest names in the Automotive industry thanks to Colo-Fast®, Colo-Sense® and Colo-Sense Lite®.

In 2018 Recticel achieved combined sales of EUR 1.45 billion (IFRS 11 consolidated sales: EUR 1.1 billion).

Recticel (Euronext: REC – Reuters: RECTt.BR – Bloomberg: REC:BB) is listed on Euronext in Brussels.

The press release is available in English, Dutch and French on the website www.recticel.com