SOLVAC : SA : Unchanged dividend in 2015 at € 2.83 gross

1. Cash income, supplemented by dividends from the investment in Solvay amounted to € 52.9 million compared to € 47.8 million in 2014

(*):    "Cash inflow" means the dividend income net of the investment in Solvay and the interest income.

(**):   "Cash income" means the cash inflow reduced by the income charges and other income and expenses (financial/operational)

This reflects the increase of the balance of the Solvay dividend per share.

Solvac holds 30.20% in Solvay as of the end of June 2015, unchanged compared to the end of 2014.

Provided that the financial statements (see 3 below) permit it, it is based on the cash result (€ 50.5 million) after covering costs (mainly interest expense), that the Board of Directors determines the amount of dividends proposed to be distributed by Solvac.

2. The Board of Directors approved today the consolidated financial statements of Solvac on 30 June 2015. These financial statements were subject to a limited review by the Auditor. They are presented according to IFRS standards.

On 30 June 2015 Solvac recorded a consolidated net loss of € 79 million (€ 5.2 per share) compared to € -72 million (€ -4.7 per share) for the same period in 2014, as a result of the change of Solvay's result according to the equity method.

3. The Board of Directors announces the figures of the financial statements for Solvac SA for the first half of 2015:

Profit after taxes was € 50.5 million, up 11.9 % compared to the previous year (€ 45.1 million), following the increase by Solvay of its gross dividend balance (went from € 1.87 to 2.07).

4. In accordance with policy, the Board of Directors decided to maintain the first interim dividend to € 2.83 gross, an amount corresponding to 60% of the rounded total dividend of the previous year. The net amount is € 2.1225.

This first interim dividend will be paid August 27, 2015.

This will lead to a gross distribution of € 43.2 million.

The Solvac shares will trade ex-dividend on Euronext Brussels, from August 10, 2015.

The second interim dividend, which will be decided by the Board, will be released on 11 December 2015 and paid on 24 December 2015.

In accordance with its policy of distributing virtually all the Solvay dividends and given the latter's decision to increase its dividend from the 2014 financial year by 6.25 %, the Board should resolve in December to keep the total dividend from the 2015 financial year from € 4.72 gross to € 5.015 gross. The second interim dividend should therefore amount to € 2.185 gross per share, € 1.63875 netto per share.

NOTES

1. Financial statements

Deloitte conducted a limited review of the situation at six months ending on 30 June 2015. This review consisted principally of analysis, comparison and discussion of the financial information and therefore was less extensive than a full audit of the annual accounts would have been. This review did not reveal any information that would have required significant corrections of the interim position.

2. Content

This press release contains regulated information and is prepared in accordance with the IAS 34 standard.

The analysis of risk management is presented in the annual report, available on the Internet (www.solvac.be)

3. Solvac shares

4. Statement of the persons accountable

Mr JP. Delwart, Chairman of the Board of Directors, and Mr B. de Laguiche, Managing Director of Solvac, represent that to their knowledge:

1. the condensed financial statements, prepared in accordance with applicable accounting standards, give a true and fair view of the assets, the financial position and the results in the financial statements and consolidated financial statements of Solvac;
2. the interim report includes a fair review of the important events during the first six months of the 2015 financial year and their impact on the condensed financial statements.
3. the main risks and uncertainties for the remaining months of the 2015 financial year are consistent with the assessment presented in the "Risk Management and Internal Control" section of Solvac's annual report and reflect the current economic and financial environment.

Key financial reporting dates

• 27 August  2015: Payment of the first interim dividend for the 2015 financial year
• 11 December 2015 : 5:40 p.m. "Second interim dividend" press release
• 24 December 2015: Payment of the second interim dividend for the 2015 financial year.

For more information, please contact:

SOLVAC S.A.

Investor Relations

Rue des Champs Elysées, 43 - 1050 Brussels

Tel.: 32/2/639 66 30

Fax: 32/2/639 66 31

Email: Investor.relations@solvac.be:
mailto:Investor.relations@solvac.be

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