Tessenderlo Group nv — Director's Dealing 2017

Nov 6, 2017

PRESS RELEASE Regulated information ¹ 6 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 31 October 2017 indicating that the Goldman Sachs Group, Inc. was no longer holding any shares of the company as at 25 October 2017. Therefore, it has crossed below the 1% statutory threshold. On 2 November 2017, Tessenderlo Group received a transparency notification that the number of shares of the company held by Goldman Sachs Group, Inc. crossed above the 1% statutory threshold as a result of the acquisition of voting securities, holding 812,357 or 1.89% of the shares of the company.

2. THE NOTIFICATIONS CONTAIN THE FOLLOWING INFORMATION

2.1. NOTIFICATION OF GOLDMAN SACHS GROUP, INC. – 25 OCTOBER 2017

• Reason for the notification: disposal of financial instruments that are treated as voting securities, downward crossing of the lowest threshold
• Notification by: a parent undertaking or a controlling person
• Person(s) subject to the notification requirement: the Goldman Sachs Group, Inc.
• Transaction date: 25 October 2017
• Crossed threshold: 1%
• Denominator: 43,091,904
• 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
Goldman Sachs Asset Management, L.P.	113,324
Subtotal	113,324
	TOTAL	0		0.0%

B. Equivalent	After the transaction
financial instruments
Holders of equivalent financial instruments	Type of financial instrument	Expiration date		Exercise period or date	Voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
Goldman Sachs International

Total (A&B)	Voting rights	% of voting rights
	0	0.0%

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 Asset Management, L.P. is controlled by GSAM Holdings Llc which is controlled by the Goldman Sachs Group, Inc.

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.

2.2. NOTIFICATION OF GOLDMAN SACHS GROUP, INC. – 27 OCTOBER 2017

• Reason for the notification: acquisition of financial instruments that are treated as voting securities, crossing of the lowest threshold
• Notification by: a parent undertaking or a controlling person
• Person(s) subject to the notification requirement: the Goldman Sachs Group, Inc.
• Transaction date: 27 October 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, L.P.		113,324		0.26%
Subtotal		113,324		0.26%
	TOTAL	113,324	0	0.26%	0.00%

B. Equivalent financial instruments			After the transaction
Holders of equivalent financial instruments	Type of financial instrument	Expiration date	Exercise period or date	Voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
Goldman Sachs International	Securities lending		Open	699,033	1.62%	Physical

Total (A&B)	Voting rights	% of voting rights
	812,357	1.89%

Chain of control:

Goldman Sachs Asset Management, L.P. is controlled by GSAM Holdings Llc which is controlled by the Goldman Sachs Group, Inc.

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.

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.