Ontex Group NV announces intention to launch an Initial Public Offering and listing on Euronext Brussels

IPO

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THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL, OR AN INVITATION TO OFFER TO BUY, SECURITIES. INVESTORS WILL NEED TO BASE THEIR INVESTMENT DECISION ON THE PROSPECTUS AND PARTICULARLY THE RISK FACTORS AS DESCRIBED IN THE PROSPECTUS THAT ONTEX GROUP NV EXPECTS TO PUBLISH AFTER ITS APPROVAL BY THE BELGIAN AUTHORITY FOR FINANCIAL SERVICES AND MARKETS

Ontex Group NV announces intention to launch an Initial Public Offering and listing on Euronext Brussels

Aalst-Erembodegem (Belgium), 28 May 2014 – Ontex Group N.V. (“Ontex” or the “Company”) announces today its intention to proceed with an Initial Public Offering (the “IPO” or the “Offering”) of its ordinary shares on Euronext Brussels.

Ontex is a leading manufacturer of branded and retailer brand hygienic disposable products across Europe, the Middle East and Africa. The Company primarily sells its products to retailers, helping them to establish or enhance their own brands. While historically Western Europe has been the Company’s largest geographic market in terms of sales (68% of sales in 2013), the Company also has a growing presence in emerging markets where it offers both retailer brands and its own brands, with the mix varying by product category and geography. The Company believes that it operates a strong and diversified business across multiple geographies and serves a blue chip customer base with high quality products in core, resilient and non-discretionary categories.

Ontex has grown revenues between 2003 and 2013 at an average annual growth rate of approximately 4.7% on an organic basis1 and at an approximately 7.2% compound annual growth rate including acquisitions, with robust double-digit margins. The Company believes that it has attractive opportunities for sustained growth due to favourable demographic trends in its core product categories, product mix improvements, increases in both retailer brand share and its own market share in Western Europe and improving adoption rates for its products in the emerging markets where Ontex operates.

Please read the full content of the ITF in document attached.