TINC N.V.

Share Issue/Capital Change • Dec 5, 2019

Publication in accordance with article 15 of the law of 2 May 2007 regarding the publication of major shareholdings (the "Transparency Law")

Regulated information

Antwerp, 5 December 2019, 17h45 CET

Denominator

On November 21, 2019, TINC launched a capital increase in cash with non-statutory preferential rights for a gross amount of EUR 112,727,271.60, by issuing new shares with an issue price of EUR 12.40 per share.

Following the transaction, on December 5, 2019, 9,090,909 new shares were issued and the share capital was increased by 46,226,363.17 EUR, resulting in a new total share capital of EUR 184,905,136.23, represented by 36,363,637 shares. Each share represents one vote.

The total number of 36,363,637 shares shall be the new denominator for notifications in the context of the transparency regulation.

Notifications have to be made when exceeding or falling below the threshold of 5% of the voting rights or multiples thereof.

Contact:

Manu Vandenbulcke, CEO TINC T +32 3 290 21 73 – manu.vandenbulcke@tincinvest.com

Bruno Laforce, Investor Relations TINC T + 32 3 290 21 73 – bruno.laforce@tincinvest.com

About TINC

TINC is a listed investment company, participating in companies that realise and operate infrastructure. TINC holds a diversified investment portfolio of participations in public private partnerships, energy and demand based infrastructure, located in Belgium, the Netherlands and Ireland. This investment portfolio generates cash flows of a long term sustainable nature, which form the basis for TINC's distribution policy. The participations are actively monitored by an experienced team of investment and infrastructure professionals with offices in both Antwerp and the Hague. TINC is listed on Euronext Brussels since May 12, 2015.

For more information please visit www.tincinvest.com.