Rockwool

M&A Activity • Jul 18, 2013

The ROCKWOOL Group today announced it has entered into an agreement to acquire
BASF Wall Systems GmbH & Co. KG, which is a leading German system holder for
external facade insulation (ETICS), owned by the BASF Group.

Hedehusene, Denmark, 2013-07-18 13:20 CEST (GLOBE NEWSWIRE) --

Release no. 6 – 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

18 July 2013

The ROCKWOOL Group acquires the German facade insulation company BASF Wall
Systems from BASF

The ROCKWOOL Group today announced it has entered into an agreement to acquire
BASF Wall Systems GmbH & Co. KG, which is a leading German system holder for
external facade insulation (ETICS), owned by the BASF Group. Under the
agreement, a unit under the ROCKWOOL Group’s German subsidiary Deutsche
ROCKWOOL will acquire 100% of BASF Wall Systems including the state of art
render production facility in Marktredwitz and the well-established brands HECK
MultiTherm and Rajasil. In 2012, BASF Wall Systems had a turnover of EUR 68
million and employed a total of 190 employees.

The acquired businesses complement very well the existing ROCKWOOL business in
Europe where the ROCKWOOL Group has seen good growth in the facade insulation
markets in recent years. In 2011, the Group acquired the Polish ETICS system
holder FAST and acquisitions are seen as an important element of the growth
strategy.

Commenting on the acquisition, Division managing director of the ROCKWOOL
Group’s Europe division, Henrik Frank Nielsen, said the opportunity of
acquiring BASF Wall Systems enables the Group to put further weight behind its
facade strategy and to get a significant foothold in the important German ETICS
market.

“This is a major leap forward for the ROCKWOOL Group’s strategy of offering the
customers more complete solutions consisting not only of insulation but also
all the other necessary elements of a total facade system such as paint,
render, etc. The BASF Wall Systems business is in this respect a great asset.
It is a strong and well managed business which will fit well into the ROCKWOOL
business.”

“The market for facade insulation is expected to grow in Europe as the need to
renovate older buildings and to upgrade their energy performance is massive.
Facade insulation is an attractive solution which offers also aesthetic
benefits against affordable costs”.

The transaction is expected to be completed over the next six months following
which ownership of the business will be transferred to the ROCKWOOL Group.

As the purchase price is too small to have importance for the valuation of
ROCKWOOL International A/S, the price of the acquisition is not disclosed. The
acquisition will not change the Group’s expectations for the financial result
of 2013 as communicated in the latest quarterly report.

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