Hunter Douglas Offer Price Increase Not Permitted

Hunter Douglas N.V. (“Hunter Douglas”) reacts to speculation in the Dutch press that Bergson Beheer B.V. (the “Offeror”) may increase the offer price of EUR 82 per common share (the “Offer”) and that the Offeror has insufficient shares to commence a squeeze-out proceeding.

On 3 June 2021, the Offeror declared the Offer unconditional. As a result, pursuant to Dutch law the Offeror may not acquire any common shares in Hunter Douglas at better conditions for the owner of such shares than those of the Offer (including a higher price) until one year after the launch of the Offer. The speculation on a possible price increase is therefore unfounded.

Further, the Offeror owns sufficient shares to commence squeeze-out proceedings in Curaçao, and as announced in the 3 June 2021 press release, it is as yet uncertain whether or not the Offeror will commence squeeze-out procedure after the end of the post-acceptance period.

About Hunter Douglas

Hunter Douglas is the world market leader in window coverings and a major manufacturer of architectural products. The Company has its Head Office in Rotterdam, the Netherlands, and a Management Office in Lucerne, Switzerland. The Group is comprised of 134 companies with 47 manufacturing and 87 assembly operations in more than 100 countries. The common shares of Hunter Douglas N.V. are traded on Amsterdam’s Euronext and the Frankfurter Börse.

Contact:

Leen Reijtenbagh – Chief Financial Officer – l.reijtenbagh@hdnv.nl – +31 10 486 9582

Source: Hunter Douglas N.V.