EQS-Adhoc: Lenzing AG: Lenzing Aktiengesellschaft: Preliminary results of rights offering

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 Lenzing Aktiengesellschaft: Preliminary results of rights offering

• 34,411,626 new shares (equivalent to a subscription rights exercise ratio of 99.0%) were subscribed for in the rights offering
• The limited number of new shares not subscribed for will be sold in the market by the managing banks

Lenzing, October 20, 2026 – On October 1, 2026, Lenzing Aktiengesellschaft ("Lenzing" or the "Company") announced a fully underwritten capital increase against contribution in cash with subscription rights for existing shareholders resulting in the issuance of 34,756,362 new no-par value bearer shares with an entitlement to dividends as of January 1, 2026 (the “New Shares”) at a subscription price of EUR 8.65 per New Share (the “Subscription Price”) to raise gross proceeds of approximately EUR 300 mn (the “Rights Offering”). The subscription period for the Rights Offering expires on October 20, 2026, 11:59 p.m. CEST.

Lenzing hereby announces that as of October 20, 2026, 4:00 p.m. CEST, 34,411,626 New Shares have been subscribed for in the Rights Offering through the exercise of subscription rights (equivalent to a subscription rights exercise ratio of 99.0%), including 18,159,291 New Shares subscribed for by the syndicate formed by the B&C Group and Suzano S.A., corresponding to approximately 52.25% of the Rights Offering, and 1,344,177 New Shares subscribed for by Oberbank AG, corresponding to approximately 3.87% of the Rights Offering.

The limited number of New Shares not subscribed for in the Rights Offering will be sold in the market by the managing banks at an offer price at least equal to the Subscription Price.

Settlement and delivery and commencement of trading in the Prime Market segment of the Vienna Stock Exchange of all New Shares under the existing ISIN AT0000644505 are expected on October 23, 2026, conditional upon the registration of the implementation of the capital increase with the companies register. The right to terminate the offer is reserved.

Important Notice

These materials may not be distributed or published, directly or indirectly, in 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 publication would be unlawful.

These materials do not constitute, and are not part of, an offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada or Japan or in any other jurisdiction in which such an offer or solicitation may be unlawful. The securities referred to herein have not been and will not be registered under the U.S. 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 offering of the securities in the United States.

In the United Kingdom, this document is being distributed only to, and is directed only at, persons who are “qualified investors” within the meaning of the Public Offers and Admissions to Trading Regulations 2024 (the “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 investment activity, within the meaning of section 21 of the Financial Services and Markets Act 2000, in connection with the issue or sale of securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This document 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 document relates is available only to relevant persons and will be engaged in only with relevant persons. This document does not constitute a public offer of securities in the United Kingdom within the meaning of the POATRs. Any offer of securities in the United Kingdom will be made solely in accordance with the POATRs and the applicable FCA rules.

In the Member States of the European Economic Area other than Austria, this communication is directed only at persons who are “qualified investors” within the meaning of point (e) of Article 2 of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “Prospectus Regulation”).

This document does not constitute a prospectus for the purposes of the Prospectus Regulation, but an advertisement for the purposes of the Prospectus Regulation and, as such, does not constitute an offer to sell or a solicitation of an offer to purchase securities of Lenzing Aktiengesellschaft. Investors should not subscribe for any securities referred to in this document except on the basis of the information contained in the securities prospectus, including any amendments thereto, if any, relating to the securities.

This publication constitutes neither an offer to sell nor a solicitation to buy securities of Lenzing Aktiengesellschaft. The offer is being made solely by means of, and on the basis of, the published securities prospectus (including any amendments thereto, if any) approved by the Austrian Financial Market Authority (“FMA”). An investment decision regarding the publicly offered securities of Lenzing Aktiengesellschaft should only be made on the basis of the securities prospectus (including any amendments thereto, if any) available in electronic form on the Company’s website (https://www.lenzing.com/investors/capital-measures/capital-increase-2026/).

Information in this announcement

The information contained in this announcement is for information purposes only and does not purport to be complete. No person may rely, for any purpose, on the information contained in this announcement or on its accuracy, fairness or completeness.

The information contained in this announcement is subject to change. Before making an investment decision in relation to any securities to which this announcement relates, persons viewing this announcement should ensure that they fully understand and accept the risks that will be set out in the securities prospectus, if published. No reliance may be placed, for any purpose, on the information contained in this announcement or on its accuracy or completeness.

This communication does not constitute a recommendation concerning any potential offering. The value of shares may go down as well as up. Potential investors should seek advice from a professional adviser as to the suitability of any potential offering for the person concerned. Nothing in this communication constitutes, or should be construed as, investment, tax, financial, accounting or legal advice.

Certain data contained in this communication, including financial, statistical and operational information, have been rounded. As a result of such rounding, the totals of data presented in this communication may vary slightly from the actual arithmetic totals of such data.

Forward-looking statements

Certain statements contained in this communication may constitute “forward-looking statements”, which involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “plans”, “expects”, “assumes”, “estimates”, “believes”, “intends”, “forecasts”, “target” or “aim”, or the negative of these words or other variations of these words or comparable terminology. Forward-looking statements are based on assumptions, projections, estimates, forecasts, opinions or plans that, by their nature, are subject to significant risks, uncertainties and contingencies that are subject to change. The Company does not make, and will not make, any representation that any forward-looking statement will be achieved or will prove to be correct.

Actual future business conditions, financial condition, results of operations and prospects may differ materially from those projected or forecast in the forward-looking statements. The Company and the Joint Bookrunners and their respective affiliates therefore expressly disclaim any obligation, and do not intend, to publicly update or revise any forward-looking statements or any other information contained in this press release, whether as a result of new information, future events or otherwise, except as required by law.

2419014  20-Oct-2026 CET/CEST