Mr. Etienne Davignon, member of the Board of Directors of Recticel since 1992 and Chairman of the Board since 2004, informed the Board of his wish to no longer exercise these responsibilities after the General Shareholders Meeting of 26 May 2015. Taking into account this intention, the Board of Directors unanimously approved the recommendation made by the Nomination Committee to propose to the General Shareholders Meeting of 26 May 2015 the nomination of Mr. Johnny Thijs as new Board member. Subject to this nomination, the Board of Directors intends to elect Mr. Thijs as new Chairman of the Board at that moment.

The Board has also decided to invite as from now Mr. Johnny Thijs to attend its meetings.