Braas Monier Building : Response to Standard Industries’ Offer Document dated 14 October 2016

Luxembourg, 14 October 2016. Today, Standard Industries published its offer document in relation to the public takeover offer for all outstanding shares in Braas Monier Building Group S.A. ('Braas Monier') for a cash consideration of EUR 25 per share.

The offer price is at a discount to the Braas Monier closing price on 13 October 2016 of EUR 26.26.

The Board of Directors of Braas Monier continues unanimously to recommend to reject the offer price of EUR 25 per share because it contains no customary premium for control; it does not reflect the value of the significant synergies which would accrue to Standard Industries by Braas Monier being part of the same group as Icopal; it is at a significant discount to the EBITDA multiple paid by Standard Industries for Icopal; and overall significantly undervalues the company and its future prospects.

The Board of Directors will not recommend the acceptance of an offer priced at EUR 25 per share and will further detail its recommendation not to accept this offer in its statement pursuant to section 27 (1) of the German Securities Acquisition and Takeover Act (WpÜG) (its 'Reasoned Opinion') after a careful review of the offer document.

In the meantime, Shareholders are asked to continue their support of the Board of Directors and await publication of its Reasoned Opinion.

Enquiries:
Braas Monier: Achim Schreck
Director Group Communications / Investor Relations
Tel: +49 6171 61 2859