SIOEN ACQUIRES 100% OF THE SHARES OF VER-SEIDAG BALLISTIC PROTECTION OY FINLANDPRESS RELEASE - ARDOOIE, 19 DECEMBER 2016 - 17H45

SIOEN INDUSTRIES NV, WORLDWIDE SOLUTION PROVIDER IN TECHNICAL TEXTILES AND VERSEIDAG-INDUTEX GMBH (MEMBER OF JAGENBERG-GROUP) ARE PLEASED TO ANNOUNCE THE ACQUISITION AND SALE OF VERSEIDAG BALLISTIC PROTECTION OY, A FINNISH MANUFACTURER OF BALLISTIC PROTECTION.

Today Sioen Industries NV and Verseidag-Indutex GmbH have reached an agreement for the acquisition of 100 % of the shares of this company.

Operating under the motto “Life-saving design“ Verseidag Ballistic Protection is a fully integrated manufacturer of armour products (a full range of vests, both overt and covert, tactical vests, EOD suits and shields).

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SIOEN INDUSTRIESSINCE 1960

GROWTH

STOCK QUOTED

THE OF SIOENA DIVERSIFIED STOCK QUOTED GROUP WITH AN EXTENSIVE PORTFOLIO OF PRODUCTS AND ACTIVITIES: SPINNING, WEAVING AND COATING OF TECHNICAL TEXTILES, MANUFACTURER OF PROFESSIONAL PROTECTIVE CLOTHING AND PRODUCER OF FINE CHEMICALS.

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colleagues3 500

For further information/Financial information/Investor relationsGeert Asselman, CFOSioen Industries NV, Fabriekstraat 23, B-8850 Ardooie - Tel. +32 (0) 51 74 09 80E-mail: corporate@sioen.com Website: www.sioen.comFinancial servicing is provided by KBC Bank, BNP Paribas Fortis Bank, ING Bank, Belfius Bank and Bank Degroof Petercam.

Verseidag Ballistic Protection Oy has manufacturing facilities in Finland and sales forces in Finland, Germany and the UK.

The key to their success and good reputation is based on continuous product development, adoption of the highest quality standards and customized solutions.

Mr. Henrik Wikström, the current Managing Director and driving force behind the recent year’s success has agreed to stay on board and is enthusiastic about joining forces with Sioen Industries.

It is our common goal to further invest in the worldwide development of Verseidag Ballistic Protection Oy.

Verseidag Ballistic Protection forecasts for 2017 an EBITDA of approximately 2.2 million. This transaction has a value of around 18 million Euro.

Through this acquisition Sioen Armour Technology and Verseidag Ballistic Protection will become one of the leading companies on the European market offering a wide range of ballistic solutions to their customers.

About Jagenberg Group

As a management holding, Jagenberg AG owns various affiliated companies worldwide in the areas of Machine Manufacturing, Technical Textiles and Real Estate. Besides optimizing the network of group of companies, the main goal is the targeted expansion of portfolio,

backed up by a solid equity base and an innovative, skilled management. The Jagenberg-Group employs more than 1.400 people worldwide.

About Sioen

The Sioen Group manages the complete industrial chain, from yarn to finished product. This gives us an edge over our competitors, enabling us to respond quickly to customer needs and making us less dependent from external suppliers.

Sioen Armour Technology (SAT) , specialist in ballistic protection for police, military and security, delivers the ultimate in protection, comfort and performance through the utilization of innovative armour and carrier designs.

All information on Sioen can be found on www.sioen.com.

Advisor to Sioen:

Krogerus

Krogerus’ is a leading law firm in Finland whose practices cover a broad spectrum of transactional, dispute resolution and regulatory matters. The firm has consistently been ranked among the top tier firms and is renowned for its problem solving skills when retained in some of the most challenging and high-profile assignments in the market. Krogerus was represented by Mr. L. Simonsen, Senior Advisor and Ms. A. Metso, Associate.

For further information/Financial information/Investor relations Geert Asselman, CFO Sioen Industries NV, Fabriekstraat 23, B-8850 Ardooie - Tel. +32 (0) 51 74 09 80E-mail: corporate@sioen.com Website: www.sioen.com Financial servicing is provided by KBC Bank, BNP Paribas Fortis Bank, ING Bank, Belfius Bank and Bank Degroof Petercam.