Ontex: Transparency Declaration Notification

PRESS RELEASE

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Disclosure made according to the requirements of Article 14 of the law of 2 May 2007

Aalst-Erembodegem (Belgium), January 17, 2020 – Ontex Group NV (“Ontex”) discloses the notification of significant shareholdings that it has received according to the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies.

On January 13, 2020, Bank of America Corporation notified Ontex that it holds, as a result of the acquisition of voting securities or voting rights, 4,230,954 shares in Ontex and so has crossed the threshold of 5.00% of the total number of voting rights in Ontex to 5.14%. On the same date Bank of America Corporation’s also notified Ontex that its wholly-owned subsidiary Merrill Lynch International holds, as a result of the acquisition of voting securities or voting rights, 2,489,050 shares in Ontex and so has crossed the threshold of 3.00% of the total number of voting rights in Ontex to 3.02%.

According to its obligation Ontex publishes the content of the notifications that it has received.

Date of Notification: January 13, 2020

Date Threshold Crossed: January 8, 2020

Thresholds Crossed: 3.00% and 5.00%

Notification by:
Bank of America Corporation, Wilmington, DE (United States)

Denominator on the date of notification: 82,347,218 shares

Voting rights and assimilated financial instruments:

Notification of January 13, 2020:

Full chain of controlled undertakings through which the holding is effectively held:
Merrill Lynch International, BofA Securities Europe SA, BofA Securities, Inc and Merrill Lynch Professional Clearing Corporation are controlled by "Bank of America Corporation" (see enclosure). Bank of America Corporation is not a controlled entity.

Additional information:
The trigger for the notification is due to the trading book going above the 5% exemption.
Notifications of significant shareholdings to be made according to the Law of 2 May 2007 should be sent to: investorrelations@ontexglobal.com

This notification will be posted on: http://www.ontexglobal.com/press-room

INVESTOR ENQUIRIES

Philip Ludwig
+32 53 333 730
investorrelations@ontexglobal.com

PRESS ENQUIRIES
Gaëlle Vilatte
+32 53 333 708
gaelle.vilatte@ontexglobal.com