Belysse Group NV

Major Shareholding Notification • Nov 9, 2020

Sint-Baafs-Vijve, 9 November 2020, 5.40pm CET Regulated information For immediate publication

Publication of a transparency notification

Disclosure made pursuant to the Law of 2 May 2007 on the disclosure of significant shareholdings

Balta Group NV, listed on Euronext Brussels (the "Company"), has received a transparency notification dated 6 November 2020. This transparency notification indicates that Farringdon Capital Management now holds, as from 4 November 2020, 5.02% of the voting rights of the Company. Farringdon Capital Management has therefore crossed the threshold of 5%.

The aforesaid notification dated 6 November 2020 contains the following information:

• Reason for the notification: Acquisition or disposal of voting securities or voting rights
• Notification by: A parent undertaking or a controlling person
• Persons subject to the notification requirement:
  • Bram Cornelisse
  • Farringdon Capital Management, Jan Luijkenstraat 5, 1071 CJ, Amsterdam (The Netherlands)
• Transaction date: 4 November 2020
• Threshold that is crossed (in %): 5%
• Denominator: 35,943,396
• Notified details:

A) Voting rights	Previous notification	After the transaction
	# of voting rights	# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities
Bram Cornelisse		0	0	0.00%
Farringdon Capital Management		1,804,095	0	5.02%
TOTAL		1,804,095	0	5.02%	0.00%

• Chain of controlled undertakings through which the holding is effectively held: Bram Cornelisse is 100% owner of Farringdon Capital Management.
• Additional information: Farringdon Capital Management is the investment manager that can exercise the voting rights at its discretion in the absence of specific instructions.

Miscellaneous

This press release may be consulted on the website of the Company via the link www.baltainvestors.com

For further information, please contact:

Maarten Van Hoecke Corporate Finance & Investor Relations Director Investor.Relations@baltagroup.com

About Balta

Balta is a leading manufacturer of textile floor coverings, selling to over 130 countries worldwide. The Balta divisions are Balta Rugs (Balta home), Balta Residential Carpets & Tiles (under the brands Balta carpets, ITC and Balta carpet tiles), Balta Commercial Carpets & Tiles (under the brands modulyss, arc edition and Bentley), and Balta Non-Woven (under the brand Captiqs). With the addition of Bentley, Balta employs nearly 4,000 people in 10 manufacturing sites and distribution centres in Belgium, Turkey and the United States.