Hamon & Cie : - Capital increase - Closing of the scrips

As announced yesterday, 1,719,806 preference subscription rights unexercised during the subscription period (automatically converted into scrips) were offered for sale to institutional and private investors through an accelerated bookbuilding procedure in the framework of a private placement. These scrips gave the possibility to subscribe to new shares at a ratio of 5 new shares for 4 scrips, and at a price of EUR 3.615 per share.

Further to the closing of the private placement by way of accelerated bookbuilding, 450.000 new shares have been subscribed today at a price of EUR 3.615 per share. As a result, 87,46 % of the capital increase has now been subscribed, in an aggregate amount of EUR 42.864.805. As at the closing of the transaction, the participations of Sopal and Sogepa respectively amount to 38,52 % and 44,23 % of Hamon's registered capital.

The net proceed of one scrip placement being lower than 0,01 EUR, no amount will be distributed to holders of rights that have not been exercised during the subscription period, as announced in the Prospectus.

The issuance of the new shares, their delivery and their admission to trading on the regulated market Euronext Brussels will take place on or around Friday, 20 January 2017.

The proceeds from this capital increase will allow the Group to improve its treasury, to reduce its short-term financial debt and to improve the financing of its operational activities. It will give it a broader financial base, which will allow it to carry on its development with high-performing products addressing the market needs, in the areas of water saving and air quality.

Hamon's board of directors is delighted by the result of this operation, which demonstrates the renewed confidence of existing and new shareholders in the activities and the future of Hamon. The board of directors thanks all the shareholders for their support.

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

Hamon profile

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.