Recticel

Share Issue/Capital Change • Dec 23, 2016

Brussels, 23 December 2016 – 18:00 CET

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

CAPITAL INCREASE THROUGH EXERCISE OF WARRANTS

Recticel announces that on 23 December 2016 its share capital has been increased following the exercise of 9,690 warrants of the warrant plan issued on 22 December 2011. This resulted in the issuance of 9,690 new ordinary shares, which are admitted for trading on Euronext Brussels as of 27 December 2016.

This results in the following overview:

	before	current
Total subscribed capital (in EUR)	135 132 075	135 156 300
Total number of shares in issue (with voting rights)	54 052 830	54 062 520
Total number of outstanding warrants1	2 697 634	2 687 944
Total number of outstanding convertible bonds2	1 149	1 149
1 Each warrant entitles the holder to subscribe to 1 new ordinary share.

2 Each bond (nominal v alue: EUR 50 000) can be conv erted into 5,241.09 new ordinary shares on the basis of the current conv ersion price (EUR 9.54). If all the bonds are conv erted, an additional 6,022,012 ordinary shares can theref ore be created. The conv ersion price is adjustable in accordance with the usual conditions. The conv ertible bonds bought back by the Group between 2008 and 2011 (in total 597 bonds f or a nominal amount of EUR 29,85 million) hav e not been deducted.

^°°°

Financial calendar

Annual Results 2016	27.02.2017 (before opening of the stock exchange)
First quarter 2017 trading update	26.04.2017 (before opening of the stock exchange)
Annual General Meeting	30.05.2017 (at 10:00 AM CET)
First half-year 2017 results	31.08.2017 (before opening of the stock exchange)
Third quarter 2017 trading update	31.10.2017 (before opening of the stock exchange

For additional information

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

PRESS INVESTOR RELATIONS

Mr Olivier Chapelle Mr Michel De Smedt Tel: +32 2 775 18 01 Mobile: +32 479 91 11 38

chapelle.olivier@recticel.com 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 about 7,600 people in 97 establishments in 27 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®, Ubica®, etc.) and GELTEX® inside. Within the Insulation sub-segment highquality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck® and Powerwall®. Technological progress and innovation have led to breakthrough at the biggest names in the Automotive industry thanks to Colofast®, Colosense® and Colosense Lite®.

In 2015 Recticel achieved combined sales of EUR 1.33 billion (IFRS 11 consolidated sales: EUR 1.03 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