Hamon & Cie : Capital Increase – Results of the public subscription - Scrips

Hamon announces today that 11,407,484 new shares, i.e. 84.14% of the new shares offered in the framework of its capital increase, in a maximum amount of EUR 49,009,426, were subscribed at a price of EUR 3.615 per share with preference rights, at a ratio of 5 new shares for 4 preference rights during the subscription period opened from 27 December 2016 till 13 January 2017 (included).

By way of reminder, Sopal and Sogepa subscribed to this operation in an amount of EUR 37,700,000,

i.e. 10,428,769 shares, on 28 December 2016. The capital increase relating to their subscription was subject to a first acknowledgment by way of notarial deed before a notary public on 28 December 2016.

As a result, out of the remaining shares offered to the existing shareholders, 978,715 new shares were subscribed, i.e. 31.3% of the shares offered to the shareholders (Sopal and Sogepa excluded), in an aggregate amount of EUR 3,538,055.

The 1,719,806 non-exercised rights (amounting to 2,149,755 new shares) were automatically converted into an equal number of scrips, which will be offered to institutional and private investors (within the limits authorized by applicable rules), through an accelerated bookbuilding procedure in the framework of a private placement, on Tuesday 17 January 2017.

Investors who will acquire scrips shall irrevocably commit to subscribe to new shares at a ratio of 5 new shares for 4 existing ones, at a price of EUR 3.615 per new share.

The net proceeds of the scrips placement will be divided proportionally between all holders of rights that have not been exercised, unless the net proceeds of scrips placement divided by the number of unexercised rights is less than € 0.01, in which case such net proceeds will be transferred to Hamon.

The results of the scrips placement and the amount (if any) of the net proceeds thereof due to holders of unexercised rights will be announced on 17 January 2017. The issuance of the new shares, their delivery as well as their admission to trading on the regulated market Euronext Brussels are expected to take place on or around 23 January 2017.

Trading of the Hamon shares will be suspended this Tuesday during the bookbuilding process and will resume after publication of the results of the bookbuilding.

BNP Paribas Fortis SA / NV is acting as the Sole Lead Manager of this operation.

This announcement is not an offer of securities for sale in the United States of America. The securities referred to herein may not be offered or sold in the United States of America (as defined in Regulation S under the U.S. Securities Act) absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company and its affiliates have not registered and do not intend to register any part of any offering in the United States of America, and have not conducted and do not intend to conduct a public offering of securities in the United States of America.

This announcement is not a prospectus within the meaning of the Prospectus Directive in relation to the offering. A prospectus prepared and made available in accordance with the Prospectus Directive has been published, and can be obtained as mentioned above. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the Prospectus. Investors may not accept an offer of securities referred to herein, nor acquire or sell such securities, unless on the basis of information contained in the Prospectus. This communication cannot be used as basis for any investment agreement or decision.

This announcement does not, and shall not, in any circumstances constitute a public offering nor an invitation to the public in connection with any offer to buy or subscribe for securities in any jurisdiction. No announcement or information regarding the offering, listing or securities of the Company referred to above may be disseminated to the public in jurisdictions outside of Belgium where a prior registration or approval is required for such purpose. No steps have been taken, or will be taken, for the offering or listing of securities of the Company referred to above in any jurisdiction outside of Belgium where such steps would be required. The issue, exercise, or sale of, and the subscription for or purchase of, securities of the Company are subject to special legal or statutory restrictions in certain jurisdictions. The Company is not liable if the aforementioned restrictions are not complied with by any person.

More information is available via the following hyperlink :http://www.hamon.com/en/corporate/news/284-hamon-&-cie-(international)-capital-increase

For more information, please contact:

Hamon Investors Relations investorsrelations@hamon.comBernard Goblet, General Managercorporate@hamon.com

Christian Leclercq, CFO christian.leclercq@hamon.com +32.10.39.04.22

The Hamon Group is a world player in engineering & contracting (design, installation and project management). Its activities include the design, the manufacturing of critical components, the installation and the after-sale services of cooling systems, process heat exchangers, air quality systems (AQS), Heat Recovery Steam Generators (HRSG) and chimneys, used in power generation, oil & gas and other heavy industries like metallurgy, glass, chemicals.