Tessenderlo Group nv — AGM Information 2017

Jun 6, 2017

PRESS RELEASE Regulated information ¹ 6 June 2017, 17.40 CET

TESSENDERLO CHEMIE NV 2016 ANNUAL GENERAL MEETING

The annual general meeting of shareholders of Tessenderlo Chemie nv for the financial year 2016 took place today. 25,837,212 shares (59.99%) of the total of 43,068,884 shares were either present or represented at the meeting.

The annual general meeting approved the annual accounts, appropriation of the result, remuneration report and remuneration of directors. The annual general meeting also granted discharge to the directors and the statutory auditor for the exercise of their mandates during the financial year ending 31 December 2016. As proposed by the board, the annual general meeting agreed that no dividend would be paid for the 2016 financial year.

The annual general meeting took note of the dismissal of the directors Ms. Véronique Bolland and Ms. Dominique Zakovitch-Damon and decided, as proposed by the board, to appoint Management Deprez bvba (permanently represented by Ms. Veerle Deprez) and ANBA bvba (permanently represented by Ms. Anne Marie Baeyaert) as independent, non-executive directors for a period of four years, until the close of the annual general meeting of 2021.

EXTRAORDINARY GENERAL MEETING

An extraordinary general meeting also took place today. Out of a total of 43,068,884 shares 25,831,778 shares (59.98%) were either present or represented at the meeting.

The extraordinary general meeting decided to change the name of the company to "Tessenderlo Group". The extraordinary general meeting also decided to introduce extraordinary transparency thresholds of 1%, 3% and 7.5% for shareholders.

In addition to various technical amendments to the articles of association, the board was also conditionally authorized to utilize authorized capital for the maximum amount of 43,160,095 EUR (this being 20% of the issued share capital of the company). Furthermore, the board was authorized, subject to certain limitations, to purchase the company's own shares. The proposal to also give the board the authority to purchase the company's own shares, if this was necessary in order to prevent a threatened serious harm to the company, did not obtain the legally-required majority of votes.

The presentations, minutes and other information on the general meetings are published on the website of Tessenderlo Group (www.tessenderlo.com).

¹ The information provided includes regulated information, as defined in the Royal Decree of 14 November 2007, regarding the duties of issuers of financial instruments permitted to trade on regulated markets.

FINANCIAL CALENDAR Half year 2017 results August 23, 2017 Third quarter 2017 trading update October 26, 2017

Tessenderlo Group is a diversified industrial group that focuses on agriculture, valorizing bio-residuals and providing industrial solutions. The group employs about 4,900 people and is a leader in most of its markets, with a consolidated revenue of 1.6 billion EUR in 2016. Tessenderlo Group is listed on Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB – Reuters: TESB.BR – Datastream: B:Tes

Media Relations Investor Relations Frederic Dryhoel Kurt Dejonckheere +32 2 639 19 85 +32 2 639 18 41 frederic.dryhoel@tessenderlo.com kurt.dejonckheere@tessenderlo.com

This press release is available in Dutch and English on the corporate website www.tessenderlo.com - under 'News & Media'

Disclaimer

This document may contain forward-looking statements. Such statements reflect the views of management regarding future events at the date of this document. Furthermore, they involve known and unknown risks, uncertainties and other factors that may cause actual results to be different from any results, performance or achievements expressed or implied by such forward-looking statements. Tessenderlo Group provides the information in this press release as at the date of publication and, subject to applicable legislation, does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise. Tessenderlo Group disclaims any liability for statements made or published by third parties (including any employees who are not explicitly mandated by Tessenderlo Group) and, subject to applicable legislation, does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release it issues.