Recticel : Resolutions of Ordinary General Meeting

PRESS RELEASE

Regulated information - Inside information

Brussels, 30 May 2023 - 22:00 CET

Resolutions of Ordinary General Meeting

At the Annual General Shareholders' Meeting of Recticel, which took place this morning, all proposed resolutions on the agenda(1) of the Ordinary General Meeting were approved.

Recticel will distribute a gross dividend of EUR 0.31 per share, which will be paid on 05 June 2023.

The Meeting also:

1. approved the statutory annual accounts as on 31 December 2022;
2. approved the appropriation of the result, including the payment of a gross dividend of EUR 0.31 (or net of withholding tax of EUR 0.217 per ordinary share);
3. discharged the Directors for the performance of their duties during the financial year ended 31 December 2022;
4. discharged the Statutory auditor for the performance of his duties during the financial year ended 31 December 2022;
5. renewed the mandate of THIJS JOHNNY BV, permanently represented by Mr. Johnny THIJS, as non-executive and independent director for a new term of one year ending after the Ordinary General Meeting of 2024;
6. confirmed as independent director THIJS JOHNNY BV, permanently represented by Mr. Johnny
   THIJS;
7. approved the increase of the remuneration of the Statutory Auditor for the financial year 2022;
8. approved the remuneration report 2022;
9. approved the remuneration policy as of the financial year 2023;
10. fixed and approved for 2023:
11. • the Director's emoluments
    • the amount of fees for the members of the Audit Committee;
    • the amount of fees for the members of the Remuneration and Nomination Committee;
12. approved the deviation from the principle of a spread over three years and hence allow the full payment of the variable remuneration within a shorter period for the benefit of the Managing Director and CEO, Olivier Chapelle SRL, as well as for the benefit of all other members of the Management Committee;
13. approved the Board of Directors to issue, if appropriate, a new edition of the Recticel Group Stock Option Plan for the benefit of the senior executives of the Recticel Group;
14. following the issue by the Board of Directors of the Recticel Group Stock Option Plan May 2022 (subscription rights plan May 2022), approved in accordance with article 7:151 of the Companies and Associations Code, the clause 5.2. in the aforementioned Recticel Group Stock Option Plan.
15. • ° °

1. for more details, see:https://www.recticel.com/investors/general-meetings.html

Press release - Resolutions Ordinary General Meeting - 30 May 2023 - 22:00 CET

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About Recticel

Recticel is a Belgian insulation group with a strong presence in Western and Eastern Europe. End 2022, Recticel (excluding discontinued activities) employed 1,234 people in 9 facilities spread over 6 countries and achieved sales of €561.5 million.

Recticel contributes to the fight against climate change thanks to its energy-efficient insulation applications for the construction industry.

The high-quality thermal and acoustic insulation products of Recticel Insulation boards are marketed under well- known brands such as Eurowall®, Powerroof®, Powerdeck® and Powerwall®.

Trimo Insulated panels focuses on mid to high-end applications of roof and wall cladding, mostly in the non-residential market, under well-known brands such as Trimoterm, Qbiss One and Qbiss Screen.

Recticel has committed to the SBTi to become a net zero emission company on Scopes 1 and 2 by 2030 and to reach net-zero on Scope 3 by 2050 at the latest.

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

Financial calendar

First half-year 2023 results	31.08.2023 (07:00 AM CET)
Third quarter 2023 trading update	27.10.2023 (07:00 AM CET)

Media & Investor Relations	Investor Relations
Olivier Chapelle	Dirk Verbruggen
Chief Executive Officer	Chief Financial & Legal Officer
[e-mail]	[e-mail]
[phone]	[phone]
Recticel
avenue du Bourget/Bourgetlaan 42
1130 Brussels - Belgium

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

Press release - Resolutions Ordinary General Meeting - 30 May 2023 - 22:00 CET

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