Rockwool

M&A Activity • Aug 19, 2013

The ROCKWOOL Group today announced it has entered into an agreement - on behalf
of its ROCKFON Group affiliate - to acquire the American ceiling company
Chicago Metallic Corporation (CMC).

Hedehusene, Denmark, 2013-08-19 15:45 CEST (GLOBE NEWSWIRE) --

Release no. 7 – 2013
To NASDAQ OMX Nordic Exchange Copenhagen A/S

This is a translation of the Danish version.
Only the Danish version is legally binding.

ROCKWOOL INTERNATIONAL A/S
Hovedgaden 584, Entrance C
DK2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
Danish CVR no:54879415

19 August 2013

The ROCKWOOL Group acquires the American ceiling company Chicago Metallic
Corporation

The ROCKWOOL Group today announced it has entered into an agreement – on behalf
of its ROCKFON Group affiliate - to acquire the American ceiling company
Chicago Metallic Corporation (CMC). CMC, headquartered in Chicago, is a global
provider of architectural building products and services - including metal
panels and ceiling systems, suspended grid systems, and acoustical and
sustainable ceiling panels. It has a network of sales and distribution channels
throughout North America, Europe and Asia supported by production facilities in
China, Malaysia, Belgium and the US.

In 2012, CMC had a turnover of USD 139 million and employed a total of close to
600 employees.The EBITDA ratio has in recent years been around the level of
14%.

Founded in 1893, CMC has been owned by the Jahn family since 1937. Current
Chairman and CEO, Charles Jahn commented: “The complementary product and
service offerings of ROCKFON and CMC will provide our mutual customers with a
wider choice throughout the world. The values of the Jahn and Kähler founding
families are strongly aligned and will provide an excellent platform to
continue to serve our customers well into the future. We look forward to the
exciting growth opportunities to come from this transaction.”

The ROCKWOOL Group takes over the activities, free of debt and cash, for a
consideration of USD 140 million.

The acquisition is part of the ROCKWOOL Group’s strategy to globalise and
develop its ceiling business which today accounts for approx. 10% of Group
revenues. The Group’s ROCKFON suspended ceiling brand already has a leading
position in Europe. Commenting on the acquisition, Division Managing Director
of the ROCKWOOL Group’s Systems Division, Herman Voortman, said:

“This acquisition complements well the existing ROCKFON business concept. It
will allow us to offer and develop more complete solutions to our customers by
offering not only ceiling panels but also the metallic grid which is a key
element in the suspended ceiling system. Additionally, the acquisition will
give a major growth boost to the Group’s ceiling strategy in North America and
Asia allowing a significant acceleration to the already on-going expansion into
these regions. CMC has a strong organisation and distribution network in both
areas and it would have taken us a long time to establish a similar footprint.”

The transaction is expected to be completed over the next months following
which ownership of the business will be transferred to ROCKWOOL International
A/S. Due to the expected closure late in the year, the acquisition will only
have very limited impact on the 2013 accounts of the Group.

     Further information: Gilles Maria
     Chief Financial Officer
     ROCKWOOL International A/S