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Umicore - AGM and EGM 25 April 2019

In general, Umicore is in compliance with the Belgian regulations relating to the organization and procedures of the Annual General Meeting.

ITEMS 1 to 7.3 concern the Annual General Meeting.

ITEM E.1 concerns the Extraordinary Meeting.

Under ITEM 2, the board of directors seeks approval of the Company's remuneration report. Since ECGS does not approve of long term incentive plans that do not operate one or more challenging performance conditions, we recommend to OPPOSE.

Under ITEM 7.1 it is proposed to re-elect Françoise Chombar as director. ECGS recommends shareholders to APPROVE.

In the same way, under ITEM 7.2 the board seeks shareholder approval to elect new nominee Laurent Raets as director and ECGS recommends to APPROVE.

Finally, under ITEM 7.3, the nomination and governance committee seeks approval of the remuneration of the board of directors. As a matter of principle, ECGS does not approve of significant increases without adequate justification. As the proposal is not adequately justified, ECGS recommends to OPPOSE.

Umicore S.A.

Umicore is global player in the materials technology and recycling industries. Co. focuses on application areas such as chemistry, materials science, metallurgy and recycling. Co.'s business model comprises four segments: Catalysis, Performance Materials, Energy Materials and Recycling. Catalysis focuses on the abatement of global automotive emissions; Performance Materials focuses on materials that help develop more sophisticated and safer products; Energy Materials produces materials used in the production and storage of clean energy including rechargeable batteries and photovoltaics; and Recycling treats complex waste streams containing precious and other non-ferrous metals.


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