Kendrion Worldwide

Division Industrial

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 shares or grant rights to acquire shares, subject to the approval of the Supervisory Board, up to a maximum of 10% of the issued capital at 8 April 2019, increased by the number of performance shares to be issued pursuant to share based incentive plans for employees and the Executive Board long-term incentive plan, and to limit or exclude pre-emptive rights in this respect.

The Executive Board is authorised for a period of 18 months from 8 April 2019, consequently until 8 October 2020, to acquire shares in the Company, subject to the approval of the Supervisory Board 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.