Disclosure in accordance with the requirements of the Transparency Law

Pursuant to the transparency legislation of May 2, 2007, Tessenderlo Group discloses the following information concerning the share capital of Tessenderlo Chemie NV (NYSE Euronext: TESB).

On November 6th, 2013, Verbrugge NV controlled by Picanol NV, notified Tessenderlo Group it acquired 8,744,069 shares or 27.52 % of the share capital of Tessenderlo Chemie. On the same day, SNPE a 99.9 % French state owned company, disclosed that its participation in the share capital of Tessenderlo Chemie NV has fallen below the 5 per cent threshold(1).

As a result of this transaction, the new capital structure of Tessenderlo Chemie NV is the following:

                                                                                                                                                                 

  • Total number of outstanding ordinary shares:        31,771,463
  • Total number of voting rights (the denominator):    31,771,463
  • Number of voting rights linked to ordinary
    shares owned by Verbrugge NV:                         8,744,069
  • Total number of outstanding warrants:                  1,293,469

Picanol Group is a listed  Belgian industrial company and a worldwide supplier of total solutions for the textile industry and other industries. With its entrance into Tessenderlo Chemie NV's capital,  Tessenderlo Group obtains a solid Belgian shareholder base supportive of the company's  long-term strategy.

Notifications:

According to Tessenderlo Chemie NV bylaws, the threshold as from which a shareholding needs to be disclosed has been set at 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 Chemie's bylaws, should be sent to philip.ludwig@tessenderlo.com , as well as to the Belgian Financial Services and Markets Authority (FSMA) at trp.fin@fsma.be.

This information will also be made available on www.tessenderlo.com/investors/information_for_the_shareholder/capital_structure/

(1)  Read the transparency notifications of Picanol Group and SNPE SA on the Tessenderlo Group website.

Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs about  5,200 people and is a leader in most of its markets, with a consolidated revenue of 2.1 billion EUR in 2012.  Tessenderlo Chemie NV is listed on NYSE Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB - Reuters: TesBt.BR - Datastream: B:Tes

Media Relations                                         Investor Relations
Kathleen IWENS                                          Philip LUDWIG
( +32 (0) 478 664 555                                 ( +32 2 639 16 58

Web site: http://www.tessenderlogroup.com




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Tessenderlo Group via Thomson Reuters ONE

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