Capital increase through exercise of subscription rights

PRESS RELEASE                            

Regulated information – Inside information      

Brussels,   2 May 2024 – 18:00 CET

 Disclosure in accordance with the provisions of the Act of 2 May 2007

Capital increase through exercise of subscription rights  

Recticel announces that on 2 May 2024 its share capital has been increased following the exercise of 25,000 subscription rights of the warrant plan issued on 30 June 2017, 2,500 subscription rights of the warrant plan issued on 28 June 2019 and 2,500 subscription rights of the warrant plan issued on  29 June 2020. This resulted in the issuance of 30,000 new ordinary shares, which will be admitted for trading on Euronext Brussels as of 6 May 2024.

This results in the following overview:

°  °  °

Press release – Capital increase – 2 May 2024 – 18:00 CET                                                                            Page 1 of 2

About Recticel Group

Recticel Group is a Belgian insulation company with a strong presence in Europe and the USA. It offers smart insulation solutions that advance a carbon-free economy and a better quality of life.  

Recticel Group delivers upon a portfolio of Insulation Boards, Insulated Panels and Acoustic Solutions.

Recticel Insulation designs polyurethane thermal and thermo-acoustic boards for optimal building comfort and energy efficiency. This includes vacuum insulation panels (VIP) by Turvac.

Trimo enables the highest aesthetic standards and extends architectural capabilities with its mineral wool insulated panels and modular space solution, primarily in non-residential applications. With the recent acquisition of REX Panels & Profiles, the portfolio now includes PIR insulated panels.

Soundcoat provides acoustic solutions used in some of the world’s leading technological innovations.

At the end of 2023, Recticel employed 1,255 people and had achieved sales of EUR 529.4 million. Its operations are spread over seven countries.

The Science Based Targets initiative (SBTi) approved Recticel’s near-term targets for the reduction of  scope 1, 2 & 3 greenhouse gas emissions by 2030 (from base year 2021) and net-zero targets for 2050.

Recticel is listed on Euronext in Brussels (Euronext: RECT - Reuters: RECT.BR - Bloomberg: RECT:BB).

Financial calendar 

Recticel NV/SA

Bourgetlaan 42 avenue du Bourget

1130 Brussels

Belgium

This press release is available in English and Dutch on www.recticel.com.

Press release – Capital increase – 2 May 2024 – 18:00 CET                                                                            Page 2 of 2