Press release: publication of a transparency notification and disclosure in accordance with the requirements of the transparency law

PRESS RELEASE

Regulated information 1

January 31, 2022, 5:40 pm CET

TESSENDERLO GROUP: PUBLICATION OF A TRANSPARENCY NOTIFICATION (ARTICLE 14, FIRST PARAGRAPH OF THE BELGIAN LAW OF MAY 2, 2007, ON THE DISCLOSURE OF SIGNIFICANT SHAREHOLDINGS) AND DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE TRANSPARENCY LAW

PUBLICATION OF A TRANSPARENCY NOTIFICATION

1. SUMMARY OF THE NOTIFICATION

Tessenderlo Group received a transparency notification on January 27, 2022, indicating that Verbrugge nv, Picanol nv, Symphony Mills nv, Artela nv and Luc Tack were holding 44,238,565 voting rights of the company as at January 26, 2022. They have crossed the 70% statutory threshold.

2. THE NOTIFICATION CONTAINS THE FOLLOWING INFORMATION

• Reason for the notification: acquisition of voting securities or voting rights
• Notification by: a parent undertaking or a controlling person
• Person(s) subject to the notification requirement: Verbrugge nv, Picanol nv, Symphony Mills nv, Artela nv and Luc Tack
• Transaction date: January 26, 2022
• Crossed threshold: 70%
• Denominator: 63,134,181
• Notified details:

A. Voting rights

Previous notification

After the transaction

Holders of voting rights

Voting rights

Voting rights linked to

Voting rights

% of voting rights

% of voting rights not linked

securities

not linked to

linked to securities

to securities

securities

Luc Tack

0

0

0.00%

Artela nv

0

0

0.00%

Symphony Mills nv

4,346,200

4,421,200

7.00%

Picanol nv

0

0

0.00%

Verbrugge nv

38,533,061

39,817,365

63.07%

Subtotal

42,879,261

44,238,565

0

70.07%

B. Equivalent financial

After the transaction

instruments

Holders of equivalent

Type of financial

Expiration date

Exercise period or

% of voting rights

% of voting rights

Settlement

financial instruments

instrument

date

that may be

acquired if the

instrument is

exercised

0

0.00%

Total (A&B)

Voting rights

% of voting rights

44,238,565

70.07%

Chain of control:

Luc Tack controls Symphony Mills nv and Artela nv. Artela nv controls Picanol nv. Picanol nv controls Verbrugge nv.

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.

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3. VARIOUS

The full text of the transparency notification received by Tessenderlo Group is available on www.tessenderlo.com.

DISCLOSURE IN ACCORDANCE WITH THE REQUIREMENTS OF THE TRANSPARENCY LAW Tessenderlo Group (Euronext: TESB) also discloses information required under article 15, §1 of the Law of 2 May 2007 regarding the disclosure of important shareholdings in listed companies.

Status as of January 31, 2022
Total outstanding capital:	216,231,862.15 EUR
Total number of outstanding ordinary shares:	43,154,979
Total number of voting rights (the denominator):	63,145,158
Total number of outstanding warrants:	0

(each warrant entitles the holder to subscribe to one new ordinary share)

Notifications:

According to Tessenderlo Group nv bylaws, the threshold as from which a shareholding needs to be disclosed has been set at 1%, 3%, 5%, 7.5% as well as each multiple of 5%, in either direction. Notifications of important shareholdings to be made according to the Law of May 2, 2007 or Tessenderlo Group's bylaws, should be sent to [e-mail], as well as to the Belgian Financial Services and Markets Authority (FSMA) at [e-mail].

This information is also available on www.tessenderlo.com.

About Tessenderlo Group

Tessenderlo Group is a diversified industrial group that focuses on agriculture, valorizing bio-residuals, energy, and providing industrial solutions with a focus on water. The group employs more than 4,800 people, is a leader in most of its markets and recorded a consolidated revenue of 1.7 billion EUR in 2020. 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
 [phone]	 [phone]
[e-mail]	[e-mail]

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.

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