Tessenderlo : Publication of transparency notification - Dutch attached

PRESS RELEASE

Regulated information 1

May 6, 2024, 5:40 pm CET

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

1. SUMMARY OF THE NOTIFICATION

Tessenderlo Group received a transparency notification on May 6, 2024, indicating that Patrick Steverlynck, Manuco International nv, Luc Tack, Oostiep Group bv, Tessenderlo Group nv and Picanol nv were holding 87,626,185 voting rights of the company on April 30, 2024. Together, they have crossed the 80% statutory threshold.

2. THE NOTIFICATION CONTAIN THE FOLLOWING INFORMATION

Notification of Patrick Steverlynck, Manuco International nv, Luc Tack, Oostiep Group bv, Tessenderlo Group nv and Picanol nv

• Reason for the notification: crossing of a threshold by persons acting in concert, concluding or amending a mutual agreement
• Notification by: persons acting in concert
• Person(s) subject to the notification requirement: Patrick Steverlynck, Manuco International nv, Luc Tack, Oostiep Group bv, Tessenderlo Group nv and Picanol nv
• Transaction date: April 30, 2024
• Crossed threshold: 80%
• Denominator: 109,456,437
• 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
Patrick Steverlynck	10,738			10,738						0.01%
Manuco International nv	5,678,045			5,678,045					5.19%
Subtotal	5,688,783			5,688,783					5.20%
Luc Tack	46,113			92,226						0.08%
Oostiep Group bv	37,439,220			37,439,220					34.20%
Tessenderlo Group nv	417,700			685,950						0.63%
Picanol nv	43,720,006			43,720,006					39.94%
Subtotal	81,623,039			81,937,402					74.86%
TOTAL				87,626,185		0			80.06%				0.00%
B. Equivalent financial								After the transaction
instruments
Holders of equivalent	Type of financial		Expiration date			Exercise period or	Voting rights that			% of voting rights		Settlement
financial instruments	instrument						date		may be acquired if
										the instrument is
											exercised
											0				0.00%
	Total (A&B)							Voting rights							% of voting rights
									87,626,185						80.06%

Chain of control:

Mr. Luc Tack controls Oostiep Group bv. Mr. Patrick Steverlynck controls Manuco International nv. The mutual agreement that exists between the two parties does not imply joint control. Luc Tack controls through Oostiep Group bv exclusively Tessenderlo Group nv. Tessenderlo Group nv controls Picanol 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.

About Tessenderlo Group

Tessenderlo Group is an industrial group that focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and providing industrial solutions with a focus on water. With its headquarters in Belgium, the group is active in over 100 countries and it has a global team of more than 7,500 employees. Its belief that "Every Molecule Counts" is at the heart of the strategy of the group: Tessenderlo Group continually strives to valorize its products and processes to the maximum and to add value to everything it does. In 2023, Tessenderlo Group recorded a consolidated revenue of 2.9 billion EUR. Tessenderlo Group is listed on Euronext Brussels and is part of the Next 150 and BEL Mid indices. Financial Newswires: Bloomberg: TESB BB - Reuters: TESB.BR - Datastream: B:Tes. For more information about Tessenderlo Group, its people, its brands, and its results, please visit www.tessenderlo.com.

CFO - Investor Relations

Miguel de Potter

• [phone]

This press release is available in Dutch and English on the 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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