Recticel

Regulatory Filings • Apr 18, 2019

Brussels, 18 April 2019 – 07:00 CET

STATEMENT REGARDING KINGSPAN GROUP PLC

Recticel NV announces that, after an initial review of the unsolicited non-binding offer from Kingspan Plc to acquire Recticel's Insulation division and Flexible Foam division dated April 16, 2019 (the "Offer"), it has found that the Offer is lacking a number of critical information items to allow Recticel's Board of Directors to make an informed decision thereon, in line with its fiduciary duties. It has therefore submitted today a number of questions and clarification requests to Kingspan Plc.

Recticel's clarification requests relate in particular to the anti-trust risks associated with Kingspan's Offer and the mitigation thereof, to the details, including but not limited to the identity, rationale, (inter)conditionality, anti-trust risks and consideration in respect of the nonidentified third party with whom Kingspan has entered into a back-to-back agreement in respect of its Flexible foams division, as well as to some of the implications, including tax and impact on Recticel's stakeholders, of a potential transaction with Kingspan.

Upon receipt of this information from Kingspan, Recticel's Board of Directors will further analyse the Offer in line with its fiduciary duties and update the market when appropriate.

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Financial calendar

First quarter 2019 trading update 29.04.2019 (at 07:00 AM CET) Annual General Meeting 28.05.2019 (at 10:00 AM CET) 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 28.02.2021 (at 07:00 AM CET) First quarter 2021 trading update 28.04.2021 (at 07:00 AM CET) Annual General Meeting 26.05.2021 (at 10:00 AM CET) First half-year 2021 results 28.08.2021 (at 07:00 AM CET) Third quarter 2021 trading update 30.10.2021 (at 07:00 AM CET)

For additional information

RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)

PRESS - INVESTOR RELATIONS

Mr Olivier Chapelle Tel: +32 2 775 18 01 chapelle.olivier@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