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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Repurchase of own shares

The Executive Board is authorised for a period of 18 months from 9 April 2018, consequently until 9 October 2019, to acquire shares in Kendrion N.V., for Kendrion's account and within the limits prescribed by Kendrion's Articles of Association and the statutory provisions, of an amount to a maxium of 10% of the issues share capital at the time of the General Meeting of Shareholders held on 9 April 2018, either by purchase on the stock exchange or otherwise, at a price that does not exceed 110% of the opening price quoted on the 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.