Kendrion Worldwide

Division Automotive

Kendrion N.V.

Kendrion N.V. is a public limited liability company incorporated under the laws of the Netherlands, with its registered office in Zeist.

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Issue and purchase of shares

The Executive Board is authorised by the General Meeting of Shareholders to resolve to issue new shares, subject to the approval of the Supervisory Board, up to a maximum of 10% of the issued capital at 10 April 2017, augmented by the number of shares to be issued on the basis of the existing share plan for key management, and to limit or exclude pre-emptive rights in this respect.

The Executive Board is authorised for a period of 18 months from 10 April 2017, consequently until 10 October 2018, to acquire shares in the Company, for the Company's account and within the limits prescribed by the Articles of Association and the statutory provisions, of an amount of a maximum of 10% of the issued share capital, either by purchase on the stock exchange or otherwise, at a price that does not exceed 110% of the opening price quoted on Euronext, Amsterdam, on the day of the purchase of the shares or, in the absence of an opening price, the most recent price quoted on the stock exchange. Decisions made by the Executive Board to repurchase shares require the approval of the Supervisory Board.