Envipco Holding N.V.

Management Reports • Nov 19, 2013

Envipco Holding N.V.

Innovative Recycling Systems for a cleaner environment

Interim Management Statement

Envipco Holding N.V., a public listed company on the NYSE Euronext Brussels "ENVI" and a leading provider of recycling systems and solutions to the beverage and retail industries, announces its interim management statement for the period from 1 July 2013 through 17 November 2013.

The following are the main events/activities which occurred during the interim period:

The Management Board issued a press release on 29 August 2013 announcing the group's 2013 1 st half-year results. The release and the 2013 Half-Year Report are available at: www.envipco.com

Our RVM segment revenues for the nine months were €17.8m compared to €20.1 for the nine months of 2012. The six month revenue decline of 16.3% was reduced to 11.4% for the nine month period. Revenues for third quarter were €6.9 compared to €7.1 in 2012. The revenue decline is largely attributable to lower RVM operating revenues in our established USA deposit markets. This was influenced by poor weather and reduced beverage consumption during the first half of the year with a decline of 9.5% which moderated to 6.2% in the third quarter. The impact of lower RVM operating revenues during the third quarter were mostly offset by increased machine sales. Machine sales for the year are below expectation with delays in both the US deposit market and international markets. We do expect some of these delayed sales to occur before year end, however the majority will shift into 2014.

The USA RVM operations net profit for nine months was \$0.3m compared to \$1.5m for nine months of 2012. The EBITDA for the nine months was \$2.4 compared to \$3.6m for 2012. Net profit and EBITDA was also negatively influenced by the increased sales and marketing cost related to the launch of our new Ultra 48 RVM line. The Ultra 48 has been very well received and the company is well positioned for market share gains as this new line is rolled out.

Our German OEM compactor business has been constrained since late 2012 due to patent legal matters involving the German manufacturer, HSM Gmbh & Co. KG. HSM obtained a ruling in the regional court on October 4, 2012 to require Envipco to suspend its German compactor activities. Envipco was previously granted a patent for our innovative compactor design and was of the strong opinion that the regional court ruling was in error. Envipco appealed the ruling to the Dusseldorf Court of Appeals. On October 10, 2013, Envipco received a favorable ruling from the Dusseldorf court which overturned the earlier regional court decision and which further provided for no right of appeal. Envipco's innovative compactor design and attractive cost performance continues to provide a strong business opportunity in the European market. Envipco is currently evaluating several options to recommence compactor sales in the German market.

The Plastic recycling segment continues to perform below expectations as ongoing restructuring efforts continue. The net loss for nine months was €3.7m compared to a loss of €3.1m for the nine months in 2012 and a full year loss of €4.7m. On October 17, 2013 the French tribunal exceptionally extended the Procedure de Sauvegarde status for another six months principally due to timing matters involving the labour workforce. However, an interim hearing is scheduled for later this month at which time we believe that the Restructuring Plan will be adopted and the Procedure de Sauvegarde lifted. On a separate Sorepla matter, our litigation claim against SARL SITA NEGOCE was finally decided in our favor with an award of €2.3m in damages/compensation involving a supply agreement. This decision is of 'executory' nature which requires the award to be financially secured before any appeal.

Following the shareholders' decision in June 2013, to raise €4.5m by the issue of new shares to the Management Board and senior executives, the issue of 1,125,000 new shares was completed on August 28, 2013. These new shares are now in the process of being included as part of our total listing on Euronext, Brussels, which is expected to be completed by end of November 2013.

There are no other significant events which may have a material impact on the financial position of the group.

The Board of Directors of Envipco Holding N.V. 18 November 2013

For further information, please contact Gool Santchurn: By phone: +1 203 720 4059 By e-mail: gools@envipco.com Website: www.envipco.com

About Envipco: Envipco Holding N.V. (Envipco), www.envipco.com, is a Netherlands-based holding company listed on NYSE Euronext Brussels (Symbol ENVI). Envipco, with operations in several countries around the globe, is a recognized leader in the development and operation of reverse vending machines (RVMs), automated technological systems for the recovery of used beverage containers. Envipco's turnkey solutions cover all aspects of beverage container recycling - from recovery, validation, compaction, sorting, transportation and logistics, to accounting for every container, to recycling and processing used beverage containers to ready for conversion into new containers and consumer products. Known for its innovative technology and market leadership, Envipco holds several intellectual property rights for RVM systems, including but not limited to beverage refund deposit markings, material type identification, compaction and accounting. It also owns and operates the largest independent bottle to bottle PET recycling plant in Europe.