Recticel

Share Issue/Capital Change • Apr 3, 2017

PRESS RELEASE Regulated information

Brussels, 03 April 2017 – 07:00 CET

Disclosure in accordance with the provisions of the Act of 2 May 2007

CAPITAL INCREASE THROUGH EXERCISE OF WARRANTS

Recticel announces that on 31 March 2017 its share capital has been increased following the exercise of (i) 185,560 warrants of the warrant plan issued on 30 May 2011, (ii) 23,866 warrants of the warrant plan issued on 22 December 2011 and (iii) 40,840 warrants of the warrant plan issued on 20 December 2012. This resulted in the issuance of 250,266 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 04 April 2017.

This results in the following overview:

	before	current
Total subscribed capital (in EUR)	135 156 300	135 781 965
Total number of shares in issue (with voting rights)	54 062 520	54 312 786
Total number of outstanding warrants1	2 687 944	2 437 678
Total number of outstanding convertible bonds2	1 149	1 149
1 Each warrant entitles the holder to subscribe to 1 new ordinary share.

2 Each bond (nominal v alue: EUR 50 000) can be conv erted into 5,241.09 new ordinary shares on the basis of the current conv ersion price (EUR 9.54). If all the bonds are conv erted, an additional 6,022,012 ordinary shares can theref ore be created. The conv ersion price is adjustable in accordance with the usual conditions. The conv ertible bonds bought back by the Group between 2008 and 2011 (in total 597 bonds f or a nominal amount of EUR 29,85 million) hav e not been deducted.

Financial calendar

First quarter 2017 trading update	26.04.2017 (before opening of the stock exchange)
Annual General Meeting	30.05.2017 (at 10:00 AM CET)
Ex-coupon date	31.05.2017
Record date	01.06.2017
Dividend payment date	02.06.2017
First half-year 2017 results	31.08.2017 (before opening of the stock exchange)
Third quarter 2017 trading update	31.10.2017 (before opening of the stock exchange
Annual Results 2017	23.02.2017 (before opening of the stock exchange)
First quarter 2018 trading update	26.04.2018 (before opening of the stock exchange)
Annual General Meeting	29.05.2018 (at 10:00 AM CET)
First half-year 2018 results	29.08.2018 (before opening of the stock exchange)
Third quarter 2018 trading update	30.10.2018 (before opening of the stock exchange

For additional information

RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)
	PRESS	INVESTOR RELATIONS
	Mr Olivier Chapelle Tel: +32 2 775 18 01	Mr Michel De Smedt Mobile: +32 479 91 11 38
	chapelle.olivier@recticel.com	desmedt.michel@recticel.com

Recticel in a nutshell

Recticel is a Belgian Group with a strong European dimension, but it also operates in the rest of the world. Recticel employs 7,925 people in 98 establishments in 28 countries.

Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications.

Recticel is the Group behind well-known bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, Ubica®, etc.) and GELTEX® inside. Within the Insulation sub-segment highquality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck®, Powerwall® and Xentro®. Technological progress and innovation have led to breakthrough at the biggest names in the Automotive industry thanks to Colofast®, Colosense® and Colosense Lite®.

In 2016 Recticel achieved combined sales of EUR 1.35 billion (IFRS 11 consolidated sales: EUR 1.05 billion).

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

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