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

Aalst-Erembodegem (Belgium), 11 May 2018 – Ontex Group NV (“Ontex”) discloses the notifications 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 9 May 2018, UBS Group AG notified Ontex that it holds, as a result of the acquisition of voting securities or voting rights, 5,102,202 shares in Ontex and so has crossed the threshold of 5.00% of the total number of voting rights in Ontex to 6.20%.

On 9 May 2018, Sycomore Asset Management SA notified Ontex that Sycomore Asset Management SA had, as a result of sale of shares, crossed below the threshold of 3.00% of the total number of voting rights in Ontex.

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

Date of Notification: 9 May 2018

Date Threshold Crossed: 3 and 7 May 2018

Threshold Crossed: 5.00% and 3.00%

Notification by:

UBS Group AG Bahnhofstrasse 45, 8001 Zurich
Sycomore Asset Management SA 14 avenue Hoche 75008 Paris France
Sycomore Factory SAS 14 avenue Hoche 75008 Paris France

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

Voting rights and assimilated financial instruments:

Notification from UBS Group AG

(A) Voting rights Previous Notification After the transaction
# voting rights # voting rights % of voting rights
Holders of

voting rights

Linked to

securities

Not linked

to securities

Linked to

securities

Not linked

to securities

UBS Group AG 0 0 0.00% 0.00%
UBS AG 1,709,199 0 2.08% 0.00%
UBS Asset Management (UK) Limited 21,024 0 0.03% 0.00%
UBS Asset Management Trust Company 2,947 0 0.00% 0.00%
UBS Fund Management (Luxembourg) S.A. 85,049 0 0.10% 0.00%
UBS Fund Management (Switzerland) AG 43,702 0 0.05% 0.00%
UBS Limited 4,507 0 0.01% 0.00%
UBS Third Party Management Company S.A 19,473 0 0.02% 0.00%
Total 1,885,901 0 2.29% 0.00%
(B) Equivalent financial instruments After the transaction
Holders of equivalent
financial instruments
Type of

financial

instrument

Expiration date Exercise period or date # of voting rights that may be acquired if the instrument is exercised % of voting rights Settlement
UBS AG Right to recall lent shares Anytime 1,575,812 1.91%
UBS Switzerland AG Right to recall lent shares Anytime 126,509 0.15%
UBS AG Equity Swaps 01.03.2023 Anytime 1,513,980 1.84%
TOTAL 3,216,301 3.91%
# of voting rights % of voting rights
TOTAL (A + B) 5,102,202 6.20%

Chain of controlled entities through which the shareholding is effectively owned:

The full chain of control is available at this link.

Additional information

The disclosure obligation arose due to the total indirect holdings in voting rights of UBS Group AG, held directly by controlled undertakings going above 5% on 3rd May 2018. This was caused by an increase in the Trading Book holdings of the aforementioned entities going above 5% and therefore no longer being exempt from reporting.

Notification from Sycomore Asset Management SA

(A) Voting rights Previous Notification After the transaction
# voting rights # voting rights % of voting rights
Holders of

voting rights

Linked to

securities

Not linked

to securities

Linked to

securities

Not linked

to securities

Sycomore Factory SAS 0 0 0 0.00% 0.00%
Sycomore Asset Management SA 2,471,793 2,423,899 0 2.94% 0.00%
Total 2,423,899 0 2.94% 0.00%
(B) Equivalent financial instruments After the transaction
Holders of equivalent
financial instruments
Type of

financial

instrument

Expiration date Exercise period or date # of voting rights that may be acquired if the instrument is exercised % of voting rights Settlement
TOTAL 0 0.00%
# of voting rights % of voting rights
TOTAL (A + B) 2,423,899 2.94%

Chain of controlled entities through which the shareholding is effectively owned:

This position is held by the UCITS managed by Sycomore Asset Management SA. Sycomore Asset Management SA is controlled by Sycomore Factory SAS, which does not hold voting rights for the issuer concerned and is not a controlled entity.

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

Contact

Gaëlle Vilatte
Press enquiries
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+32 53 333 708

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gaelle.vilatte@ontexglobal.com

Philip Ludwig
INVESTOR enquiries
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+32 53 333 730