Roermond, the Netherlands – 11 February 2016. Sif Holding N.V. (“Sif” or the “Company”), a leading manufacturer of large steel tubulars used as foundation components for the offshore wind and offshore oil & gas markets, today announces that GKSE Holding B.V. (the “Selling Shareholder”) and the Company have decided to postpone the Initial Public Offering (“IPO”), which comprised of secondary shares only, due to the deteriorated and volatile capital markets.
Sif announced its intention to float on 19 January 2016 and started its bookbuilding process on 1 February 2016. The bookbuilding period has coincided with an extraordinary volatile period in global capital markets.
In consultation with the Joint Global Coordinators, ABN AMRO and HSBC, and the Company, the Selling Shareholder has decided to postpone the IPO. The positive feedback from both the institutional investors as well as Dutch retail investors on the Company and its management was consistent throughout the offer period, however, the high levels of uncertainty in the capital markets do not meet the Selling Shareholders' and the Company's desire to achieve a successful IPO with an orderly aftermarket.
Sif will pursue its development and growth strategy as a leading manufacturer in the offshore wind and oil & gas markets with full support of its shareholder. The Company’s strong capital structure and track record provide sufficient capital to support resilient growth and realise anticipated investments going forward.

ENDS
About Sif Holding N.V.
Sif is a leading manufacturer of large steel tubulars which are used as foundation components for the offshore wind and offshore oil & gas markets. The Company manufactures customised tubular components for offshore foundations, predominantly in the greater North Sea region. Sif combines a highly automated and flexible production facility with technology leadership in rolling and welding of heavy steel plates which is based on over 65 years of experience and innovative in-house developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines, as well as legs, pile sleeves and piles of the larger jackets for oil & gas as well as tubular structures for various uses such as jetties.
Following completion of the new facility in the Port of Rotterdam, Sif expects to be able to deliver, store and load XL monopiles up to 11m in diameter, 120m in length and up to 2,000tons in weight, which can carry wind turbines of over 8MW. Sif’s devotion to high-quality, technological innovation, cost effectiveness and on-time delivery makes it a long standing and trusted partner of choice to customers. The company is headquartered in Roermond, the Netherlands, with a production site of over 100,000m2 and 13 production halls, strategically located along a key waterway in the Netherlands. For more information, please visit www.sif-group.com