OCI N.V. — Capital/Financing Update 2020

Sep 9, 2020

Press Release

Amsterdam, The Netherlands / 8 September 2020

OCI N.V. Announces a Conditional Notice of Redemption of all of its Outstanding \$650,000,000 6.625% Senior Secured Notes Due 2023

OCI N.V. (Euronext: OCI) today announced that it has given notice (the "Notice") to the holders of its \$650,000,000 6.625% Senior Secured Notes due 2023 (the "Notes") of the conditional redemption of all of the aggregate principal amount of the outstanding Notes.

The redemption date is expected to be October 15, 2020 (the "Redemption Date"). The redemption of the Notes is conditional upon satisfaction of the Condition Precedent (as discussed below).

The redemption price will be 103.3125% of the aggregate principal amount of the Notes outstanding, plus accrued and unpaid interest and Additional Amounts, if any, to, but not including, the Redemption Date.

The redemption of the Notes is conditional upon the receipt by the Issuer of additional funding in an amount sufficient (as determined by the Issuer in its sole and absolute discretion) to fund the necessary redemption amount on the Redemption Date (the "Condition Precedent").

Press Release

About OCI N.V.

OCI N.V. (Euronext: OCI) is a leading global producer and distributor of nitrogen and methanol products providing sustainable solutions to agricultural and industrial customers around the world. OCI's production capacity spans four continents and comprises approximately 16.1 million metric tons per year of nitrogen fertilizers, methanol, diesel exhaust fluid, melamine, and other nitrogen products. OCI has more than 3,000 employees, is headquartered in the Netherlands and listed on Euronext in Amsterdam.

For additional information contact:

OCI N.V. Investor Relations Department:

Hans Zayed Director Email: hans.zayed@oci.nl

Tel: +31 (0) 6 18 251 367

For additional information on OCI:

www.oci.nl

OCI stock symbols: OCI / OCI.NA / OCI.AS

Honthorststraat 19 1071 DC Amsterdam The Netherlands