Ontex Group NV — Major Shareholding Notification 2019

Dec 6, 2019

Ontex: Transparency Declaration Notification

Disclosure made according to the requirements of Article 14 of the law of 2 May 2007

Aalst-Erembodegem (Belgium), December 6, 2019 – Ontex Group NV ("Ontex") discloses the notification of significant shareholdings that it has received according to the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies.

On December 3, 2019, Morgan Stanley notified Ontex that it holds, as a result of the acquisition of voting securities or voting rights, 4,202,626 shares in Ontex and so has crossed the threshold of 5.00% of the total number of voting rights in Ontex to 5.10%.

According to its obligation Ontex publishes the content of the notifications that it has received.

Date of Notification: December 3, 2019

Date Threshold Crossed: November 26, 2019

Threshold Crossed: 5.00%

Notification by:

	c/o The Corporation Trust Company (DE), Corporation Trust
Morgan Stanley	Center, 1209 Orange Street, Wilmington, Delaware, 19801,
	USA

Denominator on the date of notification: 82,347,218 shares

Voting rights and assimilated financial instruments:

Notification of December 3, 2019:

(A) Voting rights	Previous notification	After the transaction
	# voting rights	# voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to securities	Linked to securities	Not linked to securities
Morgan Stanley	0	0	0	0.00%	0.00%
Morgan Stanley & Co. International plc	0	1,843,778	0	2.24%	0.00%
Morgan Stanley Europe SE	0	21,018	0	0.03%	0.00%
Total		1,864,796	0	2.26%	0.00%

(B) Equivalent financial instruments	After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
Morgan Stanley & Co. International plc	Equity Swap	09/01/2020	at any time	1,677,852	2.04%	cash
Morgan Stanley & Co. International plc	Right of recall over securities lending agreements	at any time	at any time	99,843	0.12%	physical
Morgan Stanley Europe SE	Right of recall over securities lending agreements	at any time	at any time	516,562	0.63%	physical
Morgan Stanley & Co. LLC	Right of recall over securities lending agreements	at any time	at any time	43,573	0.05%	physical
TOTAL				2,337,830	2.84%

	# voting rights	% of voting rights
TOTAL (A + B)	4,202,626	5.10%

Full chain of controlled undertakings through which the holding is effectively held

Chain of controlled undertakings for Morgan Stanley & Co. International plc

• Morgan Stanley & Co. International plc, Legal & Compliance Department, 25 Cabot Square, Canary Wharf, London, E14 4QA, UNITED KINGDOM. is a direct holder and is a subsidiary of Morgan Stanley Investments (UK)

• Morgan Stanley Investments (UK), 20 Bank Street, Canary Wharf, London, E14 4AD, UNITED KINGDOM. is an indirect holder and is a subsidiary of Morgan Stanley International Limited

• Morgan Stanley International Limited, 25 Cabot Square, Canary Wharf, London, E14 4QA, UNITED KINGDOM. is an indirect holder and is a subsidiary of Morgan Stanley International Holdings Inc.

• Morgan Stanley International Holdings Inc., c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware, 19801, USA. is an indirect holder and is a subsidiary of the beneficial owner, Morgan Stanley

Chain of controlled undertakings for Morgan Stanley Europe SE

• Morgan Stanley Europe SE, Grosse Gallusstrasse 18, Frankfurt am Main, 60312, Germany. is a direct holder and is a subsidiary of Morgan Stanley Europe Holding SE

• Morgan Stanley Europe Holding SE, Grosse Gallusstrasse 18, Frankfurt am Main, 60312, Germany. is an indirect holder and is a subsidiary of Morgan Stanley International Limited

• Morgan Stanley International Limited, 25 Cabot Square, Canary Wharf, London, E14 4QA, UNITED KINGDOM. is an indirect holder and is a subsidiary of Morgan Stanley International Holdings Inc.

• Morgan Stanley International Holdings Inc., c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware, 19801, USA. is an indirect holder and is a subsidiary of the beneficial owner, Morgan Stanley

Chain of controlled undertakings for Morgan Stanley & Co. LLC

• Morgan Stanley & Co. LLC, c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware, 19801, USA. is a direct holder and is a subsidiary of Morgan Stanley Domestic Holdings, Inc.

• Morgan Stanley Domestic Holdings, Inc., c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware, 19801, USA. is an indirect holder and is a subsidiary of Morgan Stanley Capital Management, LLC

• Morgan Stanley Capital Management, LLC, c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware, 19801, USA. is an indirect holder and is a subsidiary of the beneficial owner, Morgan Stanley

Notifications of significant shareholdings to be made according to the Law of 2 May 2007 should be sent to: investorrelations@ontexglobal.com

This notification will be posted on:http://www.ontexglobal.com/press-room

INVESTOR ENQUIRIES

PRESS ENQUIRIES

Philip Ludwig +32 53 333 730 investorrelations@ontexglobal.com Gaëlle Vilatte +32 53 333 708 gaelle.vilatte@ontexglobal.com

About Ontex

Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care. Ontex's innovative products are distributed in more than 110 countries through Ontex brands such as BBTips, BioBaby, Pompom, Bigfral, Canbebe, Canped, ID and Serenity, as well as leading retailer brands.

Employing 11,000 passionate people all over the world, Ontex has a presence in 21 countries, with its headquarters in Aalst, Belgium. Ontex is part of the Bel20 and STOXX® Europe 600. To keep up with the latest news, visit www.ontexglobal.com or follow us on LinkedIn, Facebook, Instagram and YouTube.