EQS-Adhoc: Lenzing AG: Lenzing AG advances strategic transformation

EQS-Ad-hoc: Lenzing AG / Key word(s): Strategic Company Decision
   Lenzing AG: Lenzing AG advances strategic transformation

   27-Jul-2026 / 19:42 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by [1]EQS News - a service of
   [2]EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
   UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN
   WHICH SUCH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE
   IMPORTANT INFORMATION AT THE END OF THIS COMMUNICATION.

   Lenzing AG advances strategic transformation with focus on nonwoven
   applications and repositioning of its textiles business; planned phase-out
   of selected sites; expected non-cash impairment losses of up to EUR 150 mn
   in 2026; targeting EBITDA margin between 20-25%  and leverage below 2.5x
   in the mid-term; comprehensive refinancing package including a fully
   underwritten capital increase of up to EUR 300mn, subject to consent of
   extraordinary general meeting on or around August 25, 2026 as well as new
   financing agreements of up to EUR 300 mn

    

   Lenzing, July 27, 2026 – The Management Board of Lenzing AG (“Lenzing”),
   with the consent of Lenzing’s Supervisory Board, today resolved on further
   executing its strategic transformation aimed at focusing on nonwoven
   applications while reshaping Lenzing’s textiles business. Lenzing intends
   to grow its nonwovens business substantially by 2030.

    

   As part of this transformation, Lenzing is consolidating its fiber
   production footprint in parallel with the ongoing sale process for the
   Indonesian viscose site, PT South Pacific Viscose. In addition, Lenzing
   plans to phase out production at its fiber plants in Heiligenkreuz,
   Austria, by the end of 2026 and in Grimsby, UK, by the end of 2027.
   Production of premium fibers is expected to be transferred to Lenzing’s
   core manufacturing sites, ensuring a stable and reliable supply for
   customers.

    

   As part of the production footprint consolidation, Lenzing AG expects to
   recognize impairment losses of the non-current assets, especially
   property, plant and equipment of up to EUR 150 mn in 2026. This non-cash
   impairment charge is expected to negatively impact consolidated EBIT and
   consolidated net income in 2026, while having no impact on EBITDA in 2026.
   In addition, restructuring provisions related to headcount reductions of
   up to EUR 40 mn are expected to negatively impact EBITDA in 2026.

   The Company's strategic ambition is to return to revenue growth with an
   EBITDA uplift of approximately EUR 150 mn achieving an EBITDA margin of
   20-25% and reducing leverage to below 2.5x in the medium term.

    

   Lenzing’s transformation is planned to be accompanied by a comprehensive
   refinancing package designed to strengthen its financial structure,
   including new financing agreements in an aggregate amount of up to EUR 300
   mn and the extension of existing debt’s maturity to 2030. Effectiveness of
   the refinancing package is subject to the completion of a capital increase
   of EUR 300 mn.

    

   The Management Board, with the consent of the Supervisory Board, today
   resolved to convene an extraordinary general meeting on or around August
   25, 2026, and to submit a proposal to the shareholders for a capital
   increase with a discounted rights offering of up to EUR 300 mn with
   pro-rata subscription rights allotted to Lenzing’s existing shareholders.

    

   The syndicate formed by B&C Group and Suzano, which together indirectly
   holds approximately 52.25% of Lenzing’s share capital, has, subject to
   customary conditions, irrevocably committed to participate in the capital
   increase by investing up to EUR 156.7 mn, representing its approximately
   52.25% share of the capital increase. Oberbank AG, which holds
   approximately 3.86% of Lenzing’s share capital, has likewise, subject to
   customary conditions, committed to participate in the capital increase by
   investing up to approximately EUR 11.6mn, representing its approximately
   3.86% share of the capital increase. A group of international banks have
   undertaken, subject to terms and conditions in line with market practice
   for similar transactions, to subscribe for any shares not taken up by
   Lenzing’s shareholders.

   Further details regarding the convocation of the extraordinary general
   meeting, the capital increase and the rights offering will be published in
   due course.

    

   Important Notice

   This communication is not for distribution or release, directly or
   indirectly, in or into the United States (including its territories and
   possessions, any State of the United States and the District of Columbia),
   Australia, Canada, Japan or any other jurisdiction in which such
   distribution or release would be unlawful. This communication does not
   constitute or form a part of any offer or solicitation to purchase or
   subscribe for securities in the United States, Australia, Canada or Japan,
   or any other jurisdiction in which such offer or solicitation may be
   unlawful. The securities mentioned herein have not been, and will not be,
   registered under the US Securities Act of 1933, as amended (the
   “Securities Act”). The securities may not be offered or sold in the United
   States, absent registration or an exemption from the registration
   requirements of the Securities Act. There will be no public offer of the
   securities in the United States.

   In the United Kingdom, this communication is only being distributed to and
   is only directed at persons who are “qualified investors” for the purposes
   of the Public Offers and Admissions to Trading Regulations 2024
   (“POATRs”), and who are also (i) investment professionals falling within
   Article 19(5) of the Financial Services and Markets Act 2000 (Financial
   Promotion) Order 2005, as amended (the “Order”), or (ii) persons falling
   within Article 49(2)(a) to (d) of the Order (high net worth companies,
   unincorporated associations, etc.), or (iii) persons to whom an invitation
   or inducement to engage in an investment activity (within the meaning of
   section 21 of the Financial Services and Markets Act 2000) in connection
   with the issue or sale of any securities may otherwise be lawfully
   communicated or caused to be communicated (all such persons together being
   referred to as “Relevant Persons”). This communication is directed only at
   Relevant Persons and must not be acted on or relied on by persons who are
   not Relevant Persons. Any investment or investment activity to which this
   communication relates is available only to Relevant Persons and will be
   engaged in only with Relevant Persons. This communication does not
   constitute a public offer of securities in the United Kingdom for the
   purposes of POATRs. Any offer of securities in the United Kingdom will be
   made only in compliance with POATRs and applicable FCA rules.

   In any member state of the European Economic Area other than Austria, this
   communication is only addressed to and is only directed at “qualified
   investors” in that member state within the meaning of Article 2(e) of
   Regulation (EU) 2017/1129 (the “Prospectus Regulation”).

   This publication constitutes neither an offer to sell nor a solicitation
   to buy securities of Lenzing Aktiengesellschaft in any jurisdiction.

    

    

    

   Your contact for              
   Media Relations:             Investor Relations:
                                 
   Corporate Communications     Alexander Schwaiger
   PR & Media Team              VP Corp. Treasury & Investor Relations
                                 
   Phone  +43 664 6112534       Phone  +43 7672 701 8947
   E-mail  [3][email protected] E-mail   [5][email protected]
   Web     [4]www.lenzing.com   Web       [6]www.lenzing.com
                                 
    
    

    

   End of Inside Information

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   27-Jul-2026 CET/CEST News transmitted by [7]EQS Group

   View original content: [8]EQS News

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     Lenzing AG
                4860 Lenzing
                Austria
   Phone:       +43 7672-701-0
   Fax:         +43 7672-96301
   E-mail:      [email protected]
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   LEI Code:    529900BKFJBI0QRDJH63
   EQS News ID: 2372278


    
   End of Announcement EQS News Service


   2372278  27-Jul-2026 CET/CEST

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