Sif : awarded production of all 71 monopiles and TP's for the EnBW Hohe See offshore wind farm

for immediate release

Sif awarded the production of all 71 monopiles and transition pieces for the EnBW Hohe See offshore wind farm

roermond Sif Holding N.V. , a leading manufacturer of large steel tubulars which are used as foundation

21 February 2017 components for the offshore wind and offshore oil & gas markets, announces today that it has been

the netherlands awarded the production of all 71 monopiles and, in joint venture with Smulders, all the transition pieces for the EnBW Hohe See offshore wind park. The contract has been awarded by GeoSea, a DEME Group's subsidiary specialized in complex offshore marine engineering projects. GeoSea as subcontractor of Siemens is responsible for the engineering, procurement, construction and installation of the foundations for the EnBW Hohe See offshore wind farm.

The EnBW Hohe See offshore wind farm is located approximately 90 km north of the island of Borkum in the German North Sea. The project will cover an area of around 40 square kilometers with water depths of up to 40 meters and will comprise of 71 Siemens SWT- 7.0-154 wind turbines. The turbines will be built on monopile foundations. With a total installed capacity of 497 MW, the EnBW Hohe See offshore wind farm is currently the biggest offshore wind project in Germany.

The monopiles will be produced by Sif. The transition pieces will be produced by Sif in joint venture with Smulders, whereby Sif will produce the primary steel and Smulders will be responsible for the secondary steel and outfitting of the transition pieces.

The production is scheduled in the second half of 2017 and will extend till mid-2018.

about sif holding n.v.

Sif is a leading manufacturer of large steel tubulars which are used as foundation components for the offshore wind and offshore oil & gas markets. The Company manufactures customised tubular components for offshore foundations, predominantly in the greater North Sea region. Sif combines a highly automated and flexible production facility with technology leadership in rolling and welding of heavy steel plates which is based on over 65 years of experience and innovative in-house developed techniques and processes. Sif primarily produces monopiles, transition pieces and piles that are used to anchor jacket foundations in the seabed for offshore wind turbines, as well as legs, pile sleeves and piles of the larger jackets for oil & gas as well as tubular structures for various uses such as jetties.

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For further information, please contact:

sif holding n.v.

Fons van Lith

telephone +31 (0)475 385 777

mobile +31 (0)6 5131 4952

e-mail f.vanlith@sif-group.com

More information about Sif is available electronically via the website of Sif: www.sif-group.com.

disclaimer

Some of the statements contained in this release that are not historical facts are statements of future projections and other forward-looking statements based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Historical results are no guarantee for future performance. Forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of Sif's business to differ materially and adversely from the forward-looking statements. Certain forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "may", "will", "should", "would be", "expects" or "anticipates" or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. Sif does not intend, and does not assume any obligation, to update any industry information or forward- looking statements set forth in this release to reflect subsequent events or circumstances. The content of this trading update is for information purposes only and not intended as investment advise, or offer or solicitations for the purchase or sale in any financial instrument. Sif does not warrant or guarantee the completeness, accuracy, or fitness for any particular purposes in respect of the information included in this release.

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