Tessenderlo Group nv — Earnings Release 2019

Nov 21, 2019

PRESS RELEASE Regulated information ¹ November 21, 2019, 08:00 am CET

TESSENDERLO GROUP: UPWARD REVISION OF 2019 OUTLOOK

Tessenderlo Group anticipates the Adjusted EBITDA for 2019 to be approximately 270 million EUR (this includes the full year contribution of T-Power for approximately 50 million EUR, as well as the impact of IFRS 16 Leases for approximately 25 million EUR). This amount is significantly higher as compared to the Adjusted EBITDA of 177.8 million EUR in 2018, when T-Power was only included for the fourth quarter of 2018 for 13.5 million EUR, and IFRS 16 Leases was not yet applicable. This revised outlook for the financial year 2019 reflects the extension of the agro season in the US, which has resulted in increased volumes within Crop Vitality, and a volume increase and improved mix within Biovalorization.

About Tessenderlo Group

Tessenderlo Group is a diversified industrial group that focuses on agriculture, valorizing bio-residuals and providing industrial solutions. The group employs approximately 4,600 people, is a leader in most of its markets and recorded a consolidated revenue of 1.6 billion EUR in 2018. 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.

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.

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