Recticel, The passion for Comfort

Shareholding notification obligation

Notification

Under the Articles of Association of Recticel SA/NV, each shareholder holding 3% or more of the Recticel shares conferring voting rights must disclose this to the company and to the Belgian Financial Services and Markets Authority (FSMA). Each fall below, or rise above, this first threshold of 3% and subsequent thresholds of 5% or a multiple of 5%, must be disclosed.

Further information can be found in the practical Guide to the Transparency Legislation available on the website of the FSMA as well as the form  to be used : TR-1 BE issued by the Belgian Financial Services and Markets Authority (FSMA).

Notifications of significant holdings or changes to such holdings, arising from the Act of 2 May 2007 and Recticel NV’s Articles of Association, should be sent to This e-mail address is being protected from spambots. You need JavaScript enabled to view it. .

In accordance with the current Belgian transparency legislation (Act of 2 May 2007 – Royal Decree of 14 February 2008), the denominator to be used for the notification is 28,931,456 shares.

Disclosure

Disclosure in accordance with the provisions of the Act of 2 May 2007.
In accordance with Articles 15, §1 and 18, §1 of the Act of 2 May 2007 on the disclosure of significant holdings in listed companies, Recticel also discloses the following information:

Situation at 11 January 2012

• Total subscribed capital: EUR 72 328 640
• Total number of shares in issue (with voting rights): 28 931 456
• Total number of outstanding warrants(1): 2 660 500
• Total number of outstanding convertible bonds(2): 1 150

(1) Each warrant entitles the holder to subscribe to 1 new ordinary share.

(2) Each bond (nominal value: € 50 000) can be converted into 3,805.175 new ordinary shares on the basis of the current conversion price (€ 13.14). If all the bonds are converted, an additional 4,375,951 ordinary shares can therefore be created.  The conversion price is adjustable in accordance with the usual conditions.  The convertible bonds bought back by the Group at the end of 2008 and in 2009 have not been deducted.