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2016-02-18

Koninklijke Ten Cate NV : DELISTING OF TENCATE SHARES ON 17 MARCH 2016

Koninklijke Ten Cate N.V. ("TenCate") and Tennessee Acquisition B.V. (the
"Offeror") today jointly announce that as the Offeror has acquired more than
95% of all issued and outstanding ordinary shares in the capital of TenCate
(the "Shares") in the public offer for all Shares by the Offeror, the Offeror
and TenCate have requested Euronext Amsterdam N.V. ("Euronext Amsterdam") to
co-operate with the delisting of the Shares from Euronext in Amsterdam
("Euronext") and that today Euronext Amsterdam has confirmed to the Offeror
and TenCate that it has given its consent to such request.

Delisting will take place on 17 March 2016 and the last day that the Shares
can be traded on Euronext will therefore be 16 March 2016.

As announced on 10 February 2016, following the end of the post-acceptance
period the Offeror held 98.01% of all issued and outstanding TenCate shares,
i.e. excluding 475,687 shares held in treasury by TenCate. In addition, and
as previously announced by the Offeror, the Offeror intends to initiate the
statutory squeeze-out proceedings (uitkoopprocedure) to obtain 100% of the
Shares as soon as possible.

***

Media contacts:

Hill+Knowlton Strategies

Tel: +31 20 4044 707

Sabine Post-de Jong

Mob: +31 6 55 15 53 65

Investor contacts:

TenCate

Gert Steens

Mob: +31 6 21 59 74 11

About TenCate

TenCate is a multinational company which combines materials technology and
chemical processes in the development and production of functional materials
with distinctive characteristics. TenCate products are developed,
manufactured and sold around the world. Systems and materials from TenCate
come in four areas of application: safety&protection, space&aerospace;
infrastructure&environment; sports&recreation. TenCate occupies leading
positions in protective fabrics, composites for space and aerospace,
antiballistics, geosynthetics and synthetic turf. For more information, visit
www.tencate.com.

About Gilde

With offices in the Benelux and DACH region, Gilde Buy Out Partners is a
leading European private equity investor in mid-market transactions. Founded
in 1982, Gilde has been supporting management teams in over 100 buy out
transactions. Gilde manages funds in excess of €3 billion and has a
controlling interest in companies such as CID Lines, Roompot, Axa Stenman,
Comcave, Riri, Teleplan, Powerlines and HG. For more information, visit
www.gilde.com.

About Parcom Capital

Parcom Capital is a leading mid-market private equity firm in the Benelux with
a mid- to long-term investment horizon focused on distinctive value creation
strategies. It was founded in 1982 as one of the first buy-out and expansion
capital providers in the Dutch market. Over the past 30 years, Parcom Capital
invested directly in more than 75 (international) companies, was involved in
numerous add-ons and helped multiple management teams in realizing their
growth ambitions. For more information visit www.parcomcapital.com

About ABN AMRO Participaties

ABN AMRO Participaties ("AAPart") is the private equity firm of ABN AMRO
Group, and invests in profitable companies in the Netherlands. AAPart has a
mid- to long-term investment horizon, and supports entrepreneurial management
teams in realising their growth ambitions. Over the past 30 years, AAPart has
invested in more than 100 companies in various industries, helping them to
grow organically as well as through add-on acquisitions. For more
information, visit www.abnamroparticipaties.nl

General restrictions

This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities or investment
advice or an inducement to enter into investment activity. This announcement
does not constitute an offer to sell or issue or the solicitation of an offer
to buy or acquire the securities of TenCate in any jurisdiction. The
distribution of this press release may, in some countries, be restricted by
law or regulation. Accordingly, persons who come into possession of this
document should inform themselves of and observe these restrictions. To the
fullest extent permitted by applicable law, the Offeror, each member of the
consortium, TenCate and their respective advisors disclaim any responsibility
or liability for the violation of any such restrictions by any person. Any
failure to comply with these restrictions may constitute a violation of the
securities laws of that jurisdiction. Neither the Offeror, any member of the
consortium nor TenCate, nor any of their advisors assumes any responsibility
for any violation by any person of any of these restrictions. Any TenCate
shareholder who is in any doubt as to his position should consult an
appropriate professional advisor without delay.

Press release as PDF
http://hugin.info/130798/R/1987040/729175.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Koninklijke Ten Cate NV via Globenewswire

HUG#1987040

Författare WKR

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