Tessenderlo Group nv — Director's Dealing 2017

Nov 15, 2017

PRESS RELEASE Regulated information ¹ 15 November 2017, 17h40 CET

TESSENDERLO GROUP: PUBLICATION OF TRANSPARENCY NOTIFICATIONS (ARTICLE 14, FIRST PARAGRAPH OF THE BELGIAN LAW OF 2 MAY 2007 ON THE DISCLOSURE OF SIGNIFICANT SHAREHOLDINGS)

1. SUMMARY OF THE NOTIFICATIONS

Tessenderlo Group received a transparency notification on 13 November 2017 from the Goldman Sachs Group, Inc., indicating that it was holding 571,752 or 1.33% of the shares of the company as at 7 November 2017, crossing the threshold of 1%. On 14 November 2017, a transparency notification was received from Norges Bank indicating that it was holding 1,310,288 or 3.04% of the shares of the company on 13 November 2017. It had therefore also crossed the threshold of 3%.

2. THE NOTIFICATIONS CONTAIN THE FOLLOWING INFORMATION

• 2.1. NOTIFICATION OF GOLDMAN SACHS GROUP, INC. – 7 NOVEMBER 2017
• Reason for the notification: acquisition of financial instruments that are treated as voting securities
• Notification by: a parent undertaking or a controlling person
• Person(s) subject to the notification requirement: the Goldman Sachs Group, Inc.
• Transaction date: 7 November 2017
• Crossed threshold: 1%
• Denominator: 43,094,279
• Notified details:

Voting rights	Previous notification	After the transaction
Holders of voting rights	Voting rights	Voting rights linked to securities	Voting rights not linked to securities	% of voting rights linked to securities	% of voting rights not linked to securities
The Goldman Sachs Group, Inc.		0		0.00%
Goldman Sachs Asset Management International		1,621		0.00%
Goldman Sachs Asset Management, L.P.		113,324		0.26%
Subtotal		114,945		0.27%
	TOTAL	114,945	0	0.27%	0.00%

B. Equivalent	After the transaction
financial instruments 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
Goldman Sachs International	Securities lending		Open	456,807	1.06%	physical
Total (A&B)			Voting rights		% of voting rights

^571,752 1.33%

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.

Chain of control:

Goldman Sachs International is controlled by Goldman Sachs Group UK Limited which is controlled by Goldman Sachs (UK) L.L.C. which is controlled by the Goldman Sachs Group, Inc. Goldman Sachs Asset Management International is controlled by Goldman Sachs Group UK Limited which is controlled by Goldman Sachs (UK) L.L.C. which is controlled by the Goldman Sachs Group, Inc. Goldman Sachs Asset Management, L.P. is controlled by GSAM Holdings Llc which is controlled by the Goldman Sachs Group, Inc.

2.1. NOTIFICATION OF NORGES BANK – 13 NOVEMBER 2017

• Reason for the notification: acquisition of financial instruments that are treated as voting securities
• Notification by: a person that notifies alone
• Person(s) subject to the notification requirement: Norges Bank
• Transaction date: 13 November 2017
• Crossed threshold: 3%
• Denominator: 43,094,279
• Notified details:

Voting rights	Previous notification	After the transaction
Holders of voting rights	Voting rights	Voting rights linked to securities	Voting rights not linked to securities	% of voting rights linked to securities	% of voting rights not linked to securities
Norges Bank	1,199,458	1,285,559		2.98%
	TOTAL	1,285,559	0	2.98%	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
Norges Bank	Shares on loan (right to recall)		At any time	24,729	0.06%	Physical
Total (A&B)			Voting rights		% of voting rights

Chain of control:

Norges Bank is the central bank of Norway. As part of its central bank activities, Norges Bank manages Norway's foreign exchange reserves and is responsible for management of the Norwegian Government Pension Fund Global (GPFG). The formal responsibility for management of the GPFG is placed with the Ministry of Finance, but is delegated to Norges Bank. All investments are executed by Norges Bank acting as principal and all holdings are registered in the name of Norges Bank.

1,310,288 3.04%

3. VARIOUS

The full texts of the transparency notifications received by Tessenderlo Group are available on www.tessenderlo.com.

Tessenderlo Group is a diversified industrial group that focuses on agriculture, valorizing bio-residuals and providing industrial solutions. The group employs approximately 4,900 people, is a leader in most of its markets and recorded 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

Investor Relations
Kurt Dejonckheere
 +32 2 639 18 41
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.