Recticel

Major Shareholding Notification • Mar 2, 2022

Brussels, 02 March 2022 – 18:00 CET

Disclosure of a transparency notification (Article 14, first paragraph, of the Act of 2 May 2007 on the disclosure of major holdings)

Participation notification by Greiner AG

In accordance with the Act of 2 May 2007 on the publication of important participations in listed companies, Recticel (Euronext: REC) publishes the following notification:

1. Summary of notification

Recticel (Euronext: REC) has received a transparency notification dated 01 March 2022, which shows that Greiner AG, as a result of the acquisition and disposal of shares on 28 February 2022, owns 2,446,678 (4.37%) voting rights of the company. They have thus crossed downwards the 5% shareholding threshold.

2. Content of notification

The notification dated 01 March 2022 contains the following information:

• Reason for the notification: Acquisition or disposal of securities carrying voting rights or voting rights
• Notification by: a parent or controlling person
• Person(s) liable to make the notification: Greiner AG having its address at Greinerstrasse 70, 4550 Kremsmünster, Austria
• Transferor(s) of voting rights: Compagnie du Bois Sauvage SA
• Transaction date: 28 February 2022
• Threshold exceeded: 5% downwards
• Denominator: 55,963,420
• Details of the notification:

A. Holders of voting	Previous notification	After the transaction
rights	Number of voting	Number of voting	% of voting rights
	rights	rights
Greiner AG	15,094,410	2,446,678	4.37%
SUBTOTAL (A)	15,094,410	2,446,678	4.37%

B. Holders of	After the transaction
equivalent financial instruments	Type of financial instrument	Exercise period or date	Number of voting rights the may be acquired if the instrument is exercised	% of voting rights
-	-	-	-	-
SUBTOTAL (B)	-	-	-	-
TOTAL (A + B)			2.446.678	4.37%

• Chain of controlled undertakings through which the participating interest is effectively held: Greiner AG is not a controlled entity.

• Other information : On Wednesday 23 February 2022, Greiner AG acquired from Compagnie du Bois Sauvage SA 15,094,410 shares in Recticel SA, representing 26,97% of all voting rights in Recticel SA. On Monday 28 February 2022, Greiner AG sold to Baltisse NV 12,647,732 shares in Recticel SA, representing 22.6% of all voting rights in Recticel SA. As a result, Greiner AG currently holds 2,446,678 shares in Recticel SA, representing 4.37% of all voting rights in Recticel SA..

Press releases can be consulted on the Recticel website via the link https://www.recticel.com/newsroom/press-releases.html.

Transparency notices can be consulted on the Recticel website via the link https://www.recticel.com/index.php/investors/shareholders.html - Transparency declarations

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Financial calendar

First quarter 2022 trading update 28.04.2022 (at 07:00 AM CET) Annual General Meeting 31.05.2022 (at 10:00 AM CET) First half-year 2022 results 26.08.2022 (at 07:00 AM CET) Third quarter 2022 trading update 28.10.2022 (at 07:00 AM CET)

For additional information

RECTICEL avenue du Bourget/Bourgetlaan 42, 1130 Brussels
	PRESS	INVESTOR RELATIONS
	Mr Olivier Chapelle Tel: +32 2 775 18 01 chapelle.olivier@recticel.com	Mr Michel De Smedt Mobile: +32 479 91 11 38 desmedt.michel@recticel.com

Recticel in a nutshell

Recticel is a Belgian industrial group with a strong European dimension, but also with operations in Asia, Africa and the United States. End-2021, Recticel (including discontinued activities) employed 5,145 people in 53 establishments in 21 countries.

Recticel contributes to daily comfort with an extensive range of polyurethane foam products for industrial and domestic applications, with high performance thermal insulation solutions for the construction industry and with mattresses and slat bases of top brands. Overall focus in put on industry-leading, customized solutions with a firm basis in sustainable innovation. In this respect, Recticel strives to provide sustainable answers to societal challenges, including climate protection and conservation of resources.

Recticel Engineered Foams offers a wide and unique range of foams and systems, spanning industrial, automotive and comfort applications.

Within Recticel's Insulation segment, high-quality thermal insulation products are marketed under wellknown brands such as Eurowall®, Powerroof®, Powerdeck®, Powerwall® and Xentro®.

In 2021 Recticel achieved consolidated sales of EUR 1,032.8 million.

Recticel (Euronext: REC –Reuters: RECTt.BR –Bloomberg: REC:BB) is listed on Euronext in Brussels.

The press release is available in English and Dutch on the website www.recticel.com