Lotus Bakeries NV — AGM Information 2021

May 18, 2021

LOTUS BAKERIES NV ORDINARY GENERAL MEETING ON 18 MAY 2021

Today, 18 May 2021, the Ordinary General Meeting of Shareholders of Lotus Bakeries NV took place.

Voting results

All agenda items have been approved by the shareholders. For more details about the voting results per agenda item, please refer to the shareholders' meeting section on the company website.

Dividend

The Ordinary General Meeting of Shareholders of 18 May 2021 has decided to allocate from the profit of the financial year 2020, a gross dividend per share of EUR 35.50.

The ex-dividend date is 20 May 2021. The dividend will be payable as from 25 May 2021 on surrender of coupon n° 33 at Degroof - Petercam, BNP Paribas Fortis, Belfius, ING Bank and KBC Bank.

Reappointment Board of Directors

The general meeting has renewed the term of office of the following Directors:

• • Mercuur Consult BV, represented by its permanent representative, Mr Jan Boone, as executive director of the company;
• · Vasticom BV, represented by its permanent representative, Mr Jan Vander Stichele, as nonexecutive director of the company;
• · PMF NV, represented by its permanent representative, Mr Johannes Boone, as non-executive director of the company;
• Anton Stevens as non-executive director of the company;
• Palumi BV, represented by its permanent representative, Mr Peter Bossaert, as independent director of the company;
• · Benoit Graulich BV, represented by its permanent representative, Mr Benoit Graulich, as independent director of the company.

Remuneration policy

The remuneration policy, as presented to the Ordinary General Meeting by the Board of Directors, has been adopted. The remuneration policy can be consulted on the website of the company (section: Corporate governance).

Press release

Regulated information 18 May 2021 - after market closing

Lotus Bakeries in a nutshell

Lotus Bakeries began in the village of Lembeke in 1932 and is now active worldwide in the indulgent and natural snacking segment with the Lotus, Lotus Biscoff", Dinosaurus, Peijnenburg, Annas, Nākd, TREK, BEAR and Kiddylicious brands, among others. Lotus Bakeries, with headquarters in Belgium, is a dynamic, internationally oriented company with production facilities in Belgium, the Netherlands, France, Sweden, South Africa and the US, and twenty-one own sales organisations in Europe, America and Asia. Lotus Bakeries also works with commercial partners in approximately fifty countries worldwide. Lotus Bakeries has more than 2,000 employees. By maintaining a healthy balance between tradition and innovation, the Lotus brand indulges consumers with a unique range of high-quality, tasty products. The secret of Lotus Biscoff lies in the cookie's unique flavour, distinctive design and delightful crispiness. The unique caramelised cookie flavour has meanwhile also been incorporated into a spread and ice cream. A wide range of cake specialties and waffles are furthermore offered under the Lotus brand name. Koninklijke Peijnenburg is the market leader for gingerbread in the Netherlands and Annas is a typical Swedish speciality of pepparkakor biscuits flavoured with ginger and cinnamon. Under the Nākd, TREK and BEAR brands, Lotus Bakeries offers tasty snacks, manufactured from all-natural, unprocessed ingredients, with no added sugar. Kiddylicious focusses on healthy snacking for babies, toddlers and pre-schoolers. In 2020 the Group achieved a turnover of EUR 663 million. The shares of Lotus Bakeries are listed on Euronext Brussels. The majority of the shares are owned by the Boone and Stevens family.

For more information please contact:

Jan Boone - CEO Tel. + 32 9 376 26 14

Further information on Lotus Bakeries can be found on www.lotusbakeries.com