Bekaert : Adjustment to the rights of the holders of the Convertible Bonds 2016-2021 14 May 2018

Adjustment to the rights of the holders of the Convertible Bonds 2016-2021

On 19 May 2016 NV Bekaert SA issued senior unsecured convertible bonds due 9 June 2021 in a principal amount of € 380 million (ISIN: BE6286986284). Bekaert announces today that, as a result of the resolution of the Annual General Meeting of Shareholders to distribute a gross dividend of € 1.10 per share payable on 15 May 2018 and in accordance with article 5(b)(iii) of the applicable terms and conditions of the bonds:

• • the conversion price has been adjusted from € 51.25 to € 50.71, and

• • the threshold amount has been adjusted from € 0.90 to € 0.8906, effective as of 11 May 2018.

IMPORTANT INFORMATION

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW.

THIS ANNOUNCEMENT IS FOR GENERAL INFORMATION ONLY AND DOES NOT FORM PART OF ANY OFFER TO SELL OR PURCHASE, OR THE SOLICITATION OF ANY OFFER TO SELL OR PURCHASE, ANY SHARES, BONDS OR OTHER SECURITIES. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. ANY PERSONS READING THIS ANNOUNCEMENT SHOULD INFORM THEMSELVES OF AND OBSERVE ANY SUCH RESTRICTIONS.

Disclaimer

This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Bekaert.

Company Profile

Bekaert(www.bekaert.com)is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with almost 30 000 employees worldwide, headquarters in Belgium and € 4.8 billion in combined revenue.

Press release - 14 May 2018

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