SIF RELAUNCHES LISTING PROCESS TODAY, FIRST TRADING EXPECTED
ON THURSDAY 12 MAY 2016
Indicative price per share set at EUR 14.00

Roermond, the Netherlands – 9 May 2016. Sif Holding N.V. (“Sif” or the “Company”), a leading manufacturer of large steel tubulars which are used as foundation components for the offshore wind and offshore oil & gas markets, today announces the indicative price and placement size for, and the publication of the prospectus in relation to, its planned placement and listing on Euronext Amsterdam.

The Placement consists of a secondary offering only, of up to approximately 35% of Sif’s issued ordinary shares (the “Placement” and the “Shares”) by GKSE Holding B.V. (the “Selling Shareholder”). The offer is limited to private placements to certain institutional investors in the Netherlands and various other jurisdictions. Listing of and first trading in the Shares on Euronext in Amsterdam are expected on 12 May 2016 (on an “as-if-and-when-issued” basis).

Jan Bruggenthijs, CEO of Sif:
“Since its establishment in 1948, Sif has grown from a metalworking firm to a leading company in its field with a focus on foundations for the offshore wind and oil & gas industry. As a trusted supplier of large steel tubulars, such as monopiles, transition pieces and pinpiles and legs for jackets, we have a very strong exposure to the high growth offshore wind market.

In readying Sif for the future, listing and trading on Euronext Amsterdam is an important and logical next step. It will strengthen our business profile and provide us with additional financial flexibility through access to capital markets to support our growth ambitions.

On 11 February 2016, we announced the postponement of our IPO due to high levels of uncertainty in global capital markets and unfavourable equity market conditions. In the meantime, we have kept a close eye on the financial markets’ developments. The level of interest we received from the investment community was and is encouraging and we look forward to further elaborate on our ambitious plans as a market leader in monopiles.”