Transparancy Legislation

In accordance with the Act of 2 May 2007 and the Royal Decree of 14 February 2008 concerning the disclosure of significant participations in listed companies, the following information is hereby published:

Basic information

Total capital: 22,200,000 euros
Total number of shares conferring voting rights: 17,700,000 shares
Total number of voting rights (the denominator): 17,700,000

Additional information

Total number of debentures convertible into securities conferring voting rights: none
Total number of rights, whether or not reflected by securities, to subscribe for securities conferring voting rights yet to be issued: none
Total number of voting rights that may result from the exercise of such subscription rights: none
Total number of shares without voting rights: none

Statutory thresholds

There are no statutory thresholds.


Notifications should be transmitted to both Picanol NV and the FSMA.
Persons with a notification duty may submit their notifications to the company
by electronic mail for the attention of:

Karen D'Hondt
Compliance Officer
Steverlyncklaan 15
BE-8900 Ieper         

Tel +32 (0)57 22 20 35