Recylex

Capital/Financing Update • May 31, 2019

The European expert in the circular economy www.recylex.eu

31 May 2019 – 6 p.m. Press release

Information as of May 31st 2019

Recylex S.A. (Euronext Paris: FR0000120388 - RX) announces today that its German subgroup has obtained from its financial partners the extension until June 30th 2019 of their waiver on their rights to early terminate the existing financing agreement¹ . They have also agreed to waive the repayments that were due on December 31st 2018 and on March 31st 2019 until that same date.

The Group is continuing to review the various assumptions underlying the projected cash requirements for 2019 in order to assess its updated amount and include this amount into the ongoing discussions.

Recylex will keep investors informed of the progress of these discussions and its financial calendar.

Sebastian Rudow, Chairman and Chief Executive Officer of Recylex S.A., commented:

"This new waiver reflects the willingness of all our financial partners to pursue our discussions in a constructive manner. We remain focused on continuing our reorganization process and on improving our operations."

1 See notably press releases of December 5th 2018, March 26th 2019, April 29th 2019, May 15th 2019 and May 24th 2019.

Raw materials from urban mines

The Recylex Group, based in France and Germany, is a European specialist in the recycling of lead, zinc, polypropylene and in the production of high-purity special metals. As a key player in the circular economy and thanks to its long-standing know-how, Recylex achieved consolidated sales of € 365 million in 2018 and employs more than 730 employees.

For more information about the Recylex Group: www.recylex.eu

Press & Investor contact: Gabriel Zeitlin | T +33 (0)158 47 29 89 | E gabriel.zeitlin@recylex.eu